Chinese Mainland and Hong Kong IPO Markets Q1 2023 Review
2023 Q1 Global IPO market overview
Funds raised
(USD'B)
Global IPO activity (1) (2019 – 2023 Q1)
■Q1 Funds raised
Slow start for IPOs in 2023 Q1
500
450
-
■Q2 Q4 Funds raised
.
Number of deals:
-20%
.
Funds raised:
~65%
as compared to 2022 Q1
400
350
300
356
250
Persistent
inflation
Global landscape
Interest rate
hikes
200
150
249
141
198
100
%
50
112
55
19
0
15
30
Geopolitical
2019
2020
2021
2022
2023
uncertainties
Recovery
from
Q1 YTD
(% of full
214
252
498
334
259
pandemic
year)
(18%)
(17%)
(20%)
(22%)
(N/A)
+
Full
1,191
1,493
2,510
1,520
(N/A)
year
No. of deals
(1) Analysis based on data as at 23 March 2023
Sources: Bloomberg and KPMG analysis, including REIT deals and excluding special purpose acquisition company ("SPAC" or "blank check") deals.
KPMG
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