{"id":41702,"date":"2025-07-18T11:35:14","date_gmt":"2025-07-18T11:35:14","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/18\/us-leads-in-listings-china-in-capital-europe-and-india-see-slowdown-ey-report\/"},"modified":"2025-07-18T11:35:14","modified_gmt":"2025-07-18T11:35:14","slug":"us-leads-in-listings-china-in-capital-europe-and-india-see-slowdown-ey-report","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/18\/us-leads-in-listings-china-in-capital-europe-and-india-see-slowdown-ey-report\/","title":{"rendered":"US leads in listings, China in capital, Europe and India see slowdown: EY report"},"content":{"rendered":"
<\/div>\n

The global IPO market remained broadly flat in the first half of 2025, with 539 deals raising US$61.4 billion, matching the deal count from the same period last year but posting a notable uptick in proceeds. <\/p>\n

However, momentum slowed in the second quarter, which saw only 241 IPOs and US$31.5 billion raised\u2014the weakest second-quarter performance by volume since 2020.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Region<\/th>\nNo of IPOs H1 2025<\/th>\nH1 2024<\/th>\n% Change<\/th>\nProceeds H1 2025 (US$b)<\/th>\nH1 2024<\/th>\n% Change<\/th>\n<\/tr>\n<\/thead>\n
Global<\/strong><\/td>\n539<\/td>\n563<\/td>\n-4%<\/td>\n61.4<\/td>\n52.7<\/td>\n17%<\/td>\n<\/tr>\n
Africa<\/td>\n2<\/td>\n1<\/td>\n100%<\/td>\n0.1<\/td>\n0.0*<\/td>\n>1,000%<\/td>\n<\/tr>\n
ASEAN<\/td>\n48<\/td>\n66<\/td>\n-27%<\/td>\n1.4<\/td>\n1.4<\/td>\n0%<\/td>\n<\/tr>\n
Canada<\/td>\n5<\/td>\n8<\/td>\n-38%<\/td>\n0.0*<\/td>\n0.0*<\/td>\n-66%<\/td>\n<\/tr>\n
Europe<\/td>\n50<\/td>\n59<\/td>\n-15%<\/td>\n5.9<\/td>\n14.2<\/td>\n-58%<\/td>\n<\/tr>\n
Greater China<\/td>\n104<\/td>\n78<\/td>\n33%<\/td>\n20.7<\/td>\n6.5<\/td>\n218%<\/td>\n<\/tr>\n
India<\/td>\n108<\/td>\n155<\/td>\n-30%<\/td>\n4.6<\/td>\n4.7<\/td>\n-2%<\/td>\n<\/tr>\n
Japan<\/td>\n27<\/td>\n37<\/td>\n-27%<\/td>\n3.7<\/td>\n1.0<\/td>\n270%<\/td>\n<\/tr>\n
Latin America<\/td>\n2<\/td>\n1<\/td>\n100%<\/td>\n0.0*<\/td>\n0.0*<\/td>\n155%<\/td>\n<\/tr>\n
Middle East<\/td>\n36<\/td>\n29<\/td>\n24%<\/td>\n5.1<\/td>\n3.9<\/td>\n31%<\/td>\n<\/tr>\n
Oceania<\/td>\n9<\/td>\n11<\/td>\n-18%<\/td>\n1.1<\/td>\n0.3<\/td>\n255%<\/td>\n<\/tr>\n
South Korea<\/td>\n38<\/td>\n29<\/td>\n31%<\/td>\n1.5<\/td>\n1.2<\/td>\n24%<\/td>\n<\/tr>\n
United States<\/td>\n109<\/td>\n81<\/td>\n35%<\/td>\n17.1<\/td>\n18.8<\/td>\n-9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>
*Less than US$50 million in proceeds. Source EY Report, Dealogic.<\/figcaption><\/figure>\n

US leads in volume, China tops in proceeds<\/h2>\n

The United States led all markets with 109 IPOs, its strongest start to a year since the 2021 boom, though total proceeds declined. <\/p>\n

Despite the surge in listings, valuations remained elevated, with P\/E ratios stable at around 27.<\/p>\n

Greater China recorded strong gains, with IPO volumes rising over 30% and proceeds tripling year-on-year, driven by larger offerings and investor appetite. <\/p>\n

Hong Kong, in particular, posted a dramatic recovery, emerging as the top global IPO venue by proceeds in H1 2025 after capital outflows plagued the market a year earlier.<\/p>\n

India slows, but outlook remains positive<\/h2>\n

India experienced a 30% drop in IPO volume, though proceeds were largely flat. <\/p>\n

Market activity was muted early in the year due to persistent equity volatility. <\/p>\n

Nevertheless, a recovery appears to be underway, supported by a healthy pipeline, favourable macro conditions, and strong retail investor participation. <\/p>\n

Valuations remain high, comparable to US levels.<\/p>\n

Asia-Pacific and the Middle East outperform<\/h2>\n

South Korea delivered a standout performance with 38 IPOs, its second-best first-half showing in over two decades. <\/p>\n

Japan raised US$3.7 billion across 27 deals\u2014the highest proceeds since 2013\u2014boosted by the high-profile listing of JX Advanced Metals.<\/p>\n

In ASEAN, Malaysia was the only market to post growth in both volume and proceeds, with 27 IPOs marking a 20-year high.<\/p>\n

The Middle East saw solid expansion, led by Saudi Arabia with 25 IPOs\u2014a historic first-half figure for the kingdom\u2014as activity across the region accelerated.<\/p>\n

Europe struggles amid volatility<\/h2>\n

European IPO markets continued to lose ground, with deal volume down 15% and proceeds plunging 58% to US$5.9 billion. <\/p>\n

Most major markets saw limited activity following renewed volatility in April. <\/p>\n

Sweden was a rare bright spot, benefiting from a major transaction by Asker Healthcare. Overall, investor caution remained elevated, with greater scrutiny on company profitability and resilience.<\/p>\n

The post US leads in listings, China in capital, Europe and India see slowdown: EY report<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The global IPO market remained broadly flat in the first half of 2025, with 539 deals raising US$61.4 billion, matching the deal count from the same period last year but posting a notable uptick in proceeds. However, momentum slowed in the second quarter, which saw only 241 IPOs and US$31.5 billion raised\u2014the weakest second-quarter performance <\/p>\n","protected":false},"author":1,"featured_media":41703,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-41702","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=41702"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/41703"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=41702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=41702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=41702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}