• 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

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.

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