Deloitte 2015 IPO market update
Following a year of record listings in 2014, initial public offerings on the ASX have settled into more modest territory in 2015.
Market update - September 2015
Following a year of record listings, initial public offerings (IPOs) on the ASX have settled into more modest territory in the first half of 2015, with a growing appetite for stocks that offer a balance between income and capital returns as market volatility rears its head once again.
At the close of the first half of calendar year 2015:
- 30 IPOs have raised $2.5bn
- This was more by number than the 22 listings in same period of 2014
- Funds raised were significantly less than the $4.6bn raised in the first half of 2014.
As 2016 approaches, global economic factors are likely to weigh heavily on investor sentiment whilst also posing challenges to company management. Despite volatility and pricing expectation gaps, there continues to be a very healthy pipeline of c.40 IPOs for the remainder of the year and into early 2016.
Deloitte 2015 IPO report
The Deloitte 2015 IPO Report, prepared in collaboration with M&A intelligence provider Mergermarket, explores Australian IPO activity in 2014 and presents an outlook for 2015, while reflecting on the increasing complexities of structuring an IPO, the move away from a market dominated by resources companies, and private equity exits through the capital market.