• 27-NOV-2012

  • SOURCE: PricewaterhouseCoopers LLP

Cross-Border IPO Activity Will Remain Significant - Until Today's Emerging Market Exchanges Become The Developed Markets of Tomorrow

PwC Headquarters in London - Exterior views
These are some of the findings of PwC's and Baker & McKenzie's 'Equity sans frontieres' – trends in cross-border IPOs report, which analysed cross-border IPO data from the past ten years and polled more than 200 global investment bankers, issuers and representatives from stock exchanges:

• Cross-border IPOs accounted for 9% (1,172) of the total number and 13% (US $ 220billion) of the total proceeds raised by all global IPO activity.
• The previous decade witnessed the rise of Asian companies as originators of cross-border IPOs. Chinese companies have completed the largest number of international listings with 30% (347) of all cross-border IPOs raising $29billion.
• London and New York are the most attractive destinations for foreign issuers (480 issuers raising $110bn and 264 issuers raising $56bn respectively). However during this period, new listing venues such as Hong Kong and Singapore, outside of these traditional global capital centres, grew in significance.

Available content includes general views of PwC's headquarters in London.