No IPO

Rising interest rates, lower valuations and more risk awareness have decreased the demand from initial public offerings (IPOs) among investors. This is why the global number of initial public offerings halved from about 800 per quarter in 2021 to 400 in 2022. The aggregate amount offered in IPOs decreased even more, from about USD 150 billion per quarter in 2021 to USD 50 billion in 2022. The three largest IPOs in terms of amount offered in 2022 were Porsche at USD 9.1 billion, Dubai Electricity & Water Authority at USD 6.1 billion and Life Insurance Corporation of India at USD 2.7 billion. Asia led the market with USD 50 billion being offered in IPOs in 2022. In terms of sectors, companies categorized as consumer discretionary offered the most with USD 22 billion.