Global IPO Watch Q3 2023

October 2023

In Q3 2023, the major global indices have reflected mixed performance in the year to date due to strong performance of a small number of artificial intelligence (AI) related equities. Volatility has continued to trend around normalised levels. This supported stronger liquidity in the secondary markets.

In China, growing concerns arise regarding the strength of the Chinese economy. This economic uncertainty in China has negatively affected the performance of the Chinese stock markets as reflected in the Shanghai Stock Exchange Composite. The low level of inflation in China, did not (and is not expected to) lead to significant reductions in inflation in advanced economies due to the many other costs incurred after products are exported that are reflected in consumer product prices.