Global IPO issuance in Q1 2021 was US$202.9bn from 727 IPOs, fuelled by the significant SPAC IPO activity in the US (#298 / US$96.0bn). Technology and Consumer Discretionary (including e-commerce) have been driving the global IPO issuance this quarter. The US market has dominated IPO and FO issuance, accounting for 68% and 50% of the global proceeds raised through IPOs and FOs respectively.
The Technology sector accounted for over 30% of Asia-Pacific IPO proceeds in Q1. This is the best-ever first quarter for new Asian listings was driven by the constructive global market environment of high liquidity, low interest rates and rallying stock markets. Globally the two largest IPOs this quarter are coming from the Asia-Pacific region raising more than $10bn combined.