The global IPO market began the year on a cautiously optimistic note, according to analysis by EY, with activity declining in volume in the first quarter of the year, but increasing in value.
Encouragingly, the majority of key IPO markets witnessed a significant number of newly issued IPOs whose current share prices surpassed their offer prices – indicating an improvement in valuations and pricing levels and, potentially, reflecting growing confidence among issuers and investors. The analysis revealed the promise and potential of Artificial Intelligence – particularly Generative AI – is leading to significant investment into this rapidly expanding area.
Mr McAleavey said,"Positively, inflation continues to decline and interest rate cuts from Central Banks globally are more a question of 'when, not if'. This could attract investors back to IPOs by improving liquidity and return outlooks. However, the global economy remains on a soft growth trajectory in 2024, with developed markets likely to see modest growth while emerging markets stay on a firmer growth path".
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Flutter expects 30% jump in 2024 earnings on US growthPaddy Power owner Flutter Entertainment has reported an increase in revenues, average monthly players and adjusted EBITDA for the 12 months to the end of December.
Source: RTEbusiness - 🏆 16. / 61 Read more »