2024年全球IPO趋势报告：在通往IPO的道路上应对转型报告_48页_2mb

报告摘要

EY Global IPO Trends 2024 Summary

Global IPO Market Performance 2024

Overall IPO activity in 2024 decreased slightly from 2023 but recovered strongly, with 1,215 IPOs raising $121 billion. The Americas and EMEIA (Europe, Middle East, India, and Africa) drove global growth, while the Asia-Pacific region rebounded in the second half of the year. Q4 2024 saw a doubling of IPO proceeds compared to Q4 2023, highlighting regional resilience amid economic uncertainties.

Key Factors Influencing IPO Activity

Economic Factors: Improving inflation and monetary easing increased investor confidence. Tax cuts, deregulation, and trade policies under the new US administration could boost opportunities but also introduce risks like higher inflation.
Geopolitical Tensions: Supply chain reconfigurations, tariffs, and conflicts impacted company readiness for IPOs, with regions like India and ASEAN benefiting from geopolitical shifts.
Technological Advancements: AI, automation, and digital transformations drove IPO momentum in sectors like technology and defense.
ESG Considerations: Growing investor focus on environmental, social, and governance factors shaped IPO outcomes, with regulations evolving in regions like the EU.

Sector-wise Analysis

TMT (Technology, Media & Telecom): Dominated IPOs by proceeds in 2024, with AI and cryptocurrency attracting significant attention. Proceeds rebounded excluding China's mainland due to regulatory scrutiny.
Industrials: Showed strong growth, especially in EVs, automation, and steel. India and South Korea were key markets.
Health and Life Sciences: Maintained steady activity, driven by biotechnology and oncology deals. Valuations improved as interest rates stabilized.
Consumer: Experienced a 60% increase in proceeds, fueled by discount retail models and digital supply chains, with India and MENA leading.

Regional Insights

Americas: Led by the US, with cross-border listings growing. US IPO market remains the most attractive, but China's and Hong Kong's risks pose challenges.
Asia-Pacific: Faced a "perfect IPO storm" from inflation and tariffs, but H2 2024 showed recovery. India, ASEAN, and Hong Kong were bright spots.
EMEIA: Saw the highest growth, with India surpassing all regions in IPO volume and value. Europe benefited from ECB rate cuts.

Future Outlook and IPO Advice

2025 Outlook: Optimism is high due to accommodative policies, but geopolitical risks, AI opportunities, and sector shifts could create challenges. India and tech sectors are expected to lead.
Recommendations for IPO Candidates: Focus on AI-driven value creation, ESG compliance, and post-election policy readiness. Tailor strategies to regional strengths and use data-driven approaches to navigate uncertainties.

Notable Statistics

India ranked #1 in IPO volume for 2024 (327 listings, $19.9 billion).
US led in proceeds globally ($32.8 billion).
PE/VC-backed IPOs accounted for nearly half of proceeds, with AI and defense sectors emerging as hotspots.

For detailed appendices on regional facts and IPO candidate advice, refer to the full report.

展开完整摘要