Global IPO Watch – 2022 in review

Global equities struggled in 2022 as markets had to cope with high inflation, tightening of global monetary policies, lockdowns in Mainland China, the war in Ukraine and an energy crisis in Europe - all leading to global recession fears.

However, local IPO market issuance with Mainland China rose leading Mainland China to take the number 1 spot, representing 39% of global IPO issuance. Transactions included sizable IPOs of domestic new economy companies and home market listings of Chinese mega companies formerly listed on overseas exchanges. Market activity was propelled by the effects of major structural market-oriented initiatives to reform listing approval and the regulatory framework.