Record Global IPO Activity in 2006: $227B in 1559 Deals

Fueled by emerging markets, global IPO activity soared to a record high of $227 billion in 1,559 new deals in the first 11 months of 2006, according to Ernst & Young (data provided by Ernst & Young, Dealogic and Thomson Financial). Global IPOs raised $167 billion in the whole of 2005.

Four out of the top 10, and six out of the top 20, deals were from emerging markets.  All top 20 deals raised more than $1.3 billion each.

Largest IPO Deals in 2006:

  1. China's ICBC raised almost $22 billion (Hong Kong exchange)
  2. Bank of China Ltd raised some $11 billion (Hong Kong exchange)
  3. Russian energy group Rosneft raised $10 billion (London exchange)

Top Exchanges for IPOs in 2006:

  1. HKSE came out number one with 17% of the total capital raised worldwide. 
  2. In second place with 15% was LSE, as London emerged as a hub for foreign transactions on both the main board and the Alternative Investment Market (AIM). 
  3. NYSE was in third place with 11% of the total capital raised.

IPO Regional Breakdown:

  1. Europe, Middle East and Africa (EMEA) accounted for 42% 
  2. Asia/Pacific moved into overall second place with 34% of the total capital raised 
  3. North America slipped to No.3 with 20% of capital raised

In 2006 technology, materials, financial services, and consumer products and services produced the highest number of deals, and energy and power as well as financial services dominated the top 20 IPOs by capital raised.

"The capital markets continued to globalize in 2006," said Gregory K. Ericksen, Ernst & Young's Global Vice Chair Strategic Growth Markets. "We've seen an increase in cross-border listings and stronger competition between exchanges, creating more options than ever for both investors and companies looking to go public."

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