IPO Market Shows Signs of Life Even as Recession Fears Persist
- Amount raised in March-April almost double that of Jan.-Feb.
- Asia continues to lead the way with vast majority of deals
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The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia. But a full-fledged recovery looks distant.
Roughly $25 billion worth of IPOs priced globally in March and April, nearly twice the amount seen in the first two months of the year when listings virtually ground to a halt, according to data compiled by Bloomberg.