Big name IPOs in third quarter brighten gloom for equity market fundraising

LONDON: A couple of hefty share listings in Europe and the return of AB InBev's Asian unit float in the third quarter of 2019 brought some hope to a global IPO market battered by political volatility and downbeat global growth expectations.

Asia-Pacific equity capital markets volumes were down 22per cent overall to US$147.8 billion equivalent over the first three quarters versus the same period last year, particularly hurt by a 40per cent fall in IPOs to US$40.88 billion. Chinese IPOs alone halved in volume to US$26.7 billion. Similarly in Europe, bankers said they were feeling a little better about life after German tech firm TeamViewer and Swedish buyout group EQT Partners raised an overall 3.4 billion euros .

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