The US was the biggest marketplace for TMT IPOs between 2018 and 2021 with the variety of IPOs doubling final yr to make the nation the largest IPO market of all time, says GlobalData, the main knowledge and analytics firm.
Swati Verma, Affiliate Venture Supervisor for the Thematic Workforce at GlobalData, feedback: “Reverse merger listings have bolstered the US’s world TMT IPO lead with an rising variety of cross-border listings nevertheless, the tempo of TMT IPO listings in China slowed down as a result of regulatory crackdown.”
GlobalData’s newest thematic report, ‘Tech, Media, and Telecom IPO Themes 2018 to 2021 – Thematic Analysis’, reveals that over the 2018–2021 interval, the US share of TMT IPOs was 39%, with China at 17% and EMEA accounting for 15%. The report additionally discovered that the US captured the largest share of whole IPO proceeds at round 56% with China accounting for 21% throughout the identical interval.
The US maintained its lead within the TMT IPO market in 2021 with listings on US exchanges constituting 71% of whole IPO proceeds raised worldwide. In distinction, China’s share decreased from 24% in 2020 to fifteen% as a result of extra stringent laws.
Verma concludes: “In 2022, we’ll proceed to see profitable listings within the US. Reddit (social media), Justworks (cloud), TPG (fintech), By way of (ecommerce), and Droom (ecommerce) have already filed for his or her IPOs within the US. Instacart (ecommerce), Databricks (large knowledge), Flipkart (ecommerce), Chime (fintech), and DataRobot (AI) even have their IPOs in pipeline. We may also see reverse merger listings of Byju’s (edtech), Polestar (electrical autos), and eToro Group (fintech) within the US.”