Initial public offerings (IPO) dropped by 70% in the first quarter of this year globally from the same period last year, according to data compiled by Bloomberg. The drop was attributed to the volatility stoked by the war in Ukraine and high inflation that has set investors on edge. From January to March of this year, only USD65 billion was raised via IPO around the world. In the first three months of last year, IPOs raised USD219bn. The Q1 data puts the global market on track for the lowest quarterly proceeds since the onset of the COVID-19 pandemic in 2020, according to a Bloomberg report. Banks bet on a bounceback as early as in May or June, with trading debuts of European and US companies, a Deutsche Bank official said.
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