“I am going public baby!”

" I am going public baby!"

The world of initial public offerings (IPOs) has seen two strong first quarters. While the first quarter saw an increase in SPACs, (Special Purpose Acquisition Companies), the second quarter saw a ramp up in IPOs. In fact, the number of IPOs in this first half of 2021 has been the highest in decades. https://www.investopedia.com/terms/s/spv.asp

The following analysis takes a dive into current trends in the world of IPOs. In terms of geography (based on Euro-Area countries) and economic activities in H1 from 2018 – 2021. 

When looking at the Euro-Area, the greatest number of IPOs by country in H1-2021 belonged to France. Followed by Germany, Italy, and Finland.

Although Italy did not have the highest number of IPOs in the first half of 2021. It has been in pole position. It ranked in the top 3 countries with the highest numbers of IPOs throughout the displayed years.

Source: Zephyr

When looking at the statistical classification of economic activities (NACE Rev.2), the greatest number of IPOs by economic activity for the first half of 2021 belonged to auxiliary activities related to financial services and insurance activities. Followed by information service activities, scientific research and development, and retail trade (excluding motor vehicles and motorcycles).

With respect to 2021, the first half of 2018, 2019, and 2020, depicted real estate activities being in the top four with the greatest number of IPOs.

This dynamic changed in 2021. Retail trade as well as scientific research and development emerged in the top four classification of economic activities with the greatest number of IPOs

Source: Zephyr