EY’s recently published Global IPO trends: Q3 2017 reports that 2017 is on course for the busiest IPO year in 10 years–largely due to the level of activity outside the United States. According to the report, 1,156 IPOs have been completed globally, which have raised approximately $126.9 billion. 2017’s Q3 accounts for about 29% of the year’s global IPOs, with 330 deals raising $37.6 billion in proceeds. Globally, the industrials sector leads in number with 70 deals raising $4.9 billion, followed by tech IPOs with 52 deals raising $5.9 billion and consumer products with 39 IPOs raising $2.5 billion in the third quarter. The most popular exchanges were the Hong Kong Exchange (14 IPOs), the NASDAQ (13 IPOs), the London Stock Exchange (12 IPOs), the NYSE (11 IPOs), and the Australian Stock Exchange (also 11 IPOs).
The EY report notes that the U.S. markets have experienced a 35% year-over-year increase in volume, with 111 IPOs for the first nine months of 2017, raising $26.5 billion. 27 IPOs were completed in Q3 2017, raising $3.5 billion. 10 of these were in the healthcare sector, which was the most active sector in the third quarter, raising $0.9 billion. Year to date, the median IPO size is $116.7 million and the median post-IPO market cap is $490.5 million.