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EY 2014 Global IPO Update and Follow-on Report

Author: EY
Date: December 2014
  • 1.206 IPOs (+35%) raised US$256.5bn (+50%) globally
  • Europe strongest growth in IPO activity
  • Germany best IPO year since 2007

Global IPO activity continues to strengthen. In 2014, 1,206 IPOs raised US$256.5b, a 35% increase in volume and a 50% increase in value compared to 2013. Although 2014 was the best year for IPOs since 2010 in terms of proceeds and volume, volatility on global stock markets in October meant Q4’14 failed to meet expectations, making 2014 a good, rather than a record-breaking year. Financial sponsors continued to play a dominant role as they took advantage of positive market sentiment to dispose of assets acquired in the peak of the economic cycle in 2006-07 (US$124.4b, proceeds raised via 328 financial-sponsored IPOs,+ 86%).

Europe saw the strongest growth in IPO activity with deal volumes of US$ 62b more than doubled (259 IPOs, +63%). Driven by financial sponsors, supportive monetary conditions, strong investor confidence, high valuations and low volatility, there is a robust IPO pipeline and healthy investor appetite across the region.

In Germany we welcomed in total 12 IPOs from German companies with listings in Frankfurt: Braas Monier, Stabilus, SLM Solutions, Zalando, Rocket Internet, TLG and Hella. German companies which executed an IPO abroad were: Voxeljet, Orion, Innocoll and Probiodrug in the US and Affimed at Euronext. In addition four companies from abroad listed in Frankfurt.

Geography: Global

Type of study: Consulting research

Relevant for: All

Source: EY

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