(Finance) – After a record 2021, the global IPO (Initial Public Offering) market has undergone a significant turnaround. This is what emerges fromEY Global IPO Trends 2022 according to which in 2022 the volume of IPOs in the world fell by 45%, with a drop in funding of 61%; compared to the pre-pandemic period, the number of operations increased by 16%; the Asia-Pacific area accounted for 67% of global IPO collections; the volume of IPOs on the Italian market in 2022 fell by 47%, with a drop in capital raised by 46%.
“The record year recorded in 2021 for IPOs has given way to a sharp reduction of IPOs in 2022 mainly attributable to uncertainties and growing volatility related to international geopolitical tensions, the criticalities of the energy scenario, the increase in inflation and the acceleration in the growth of interest rates that have characterized the macroeconomic context since the first months of 2022 – he comments Paolo Aimino, IPO and Capital Markets Leader of EY in Italy -. Weakening equity markets, valuations and post-IPO performance further discouraged investor interest. As the pipeline continues to grow, many companies are waiting for the right time to revive their IPO plans. It is interesting to observe – adds Aimino – how, with the growing liquidity of the market, investors, less averse to risk, favor more resilient companies with the best fundamentals, together with those active in the implementation of ESG programmes”.