The volume of IPOs in the first quarter remained at the level of 2023 – Kommersant

Companies around the world raised $22.4 billion through IPOs in the first quarter, putting the figure roughly in line with the same period last year. Writes about this Reuters with reference to data from Dealogic. At the same time, experts expect the IPO market to revive over the next quarters of 2024.

Investor interest in IPOs was demonstrated by the initial public offering last week at an online forum. Reddit. Its shares surged 48% on its first day of trading, with its total valuation approaching $10 billion, up from an earlier estimate of $6.5 billion. Shares of Swiss pharmaceutical company Galderma also rose 18% on their first day of trading last week. The company’s total valuation exceeded $16 billion, making it the largest IPO in Europe since 2022. At the same time, many investors are quite cautious when buying shares at the IPO and want to look at the dynamics a few weeks after the placement.

The total volume of shares traded in the first quarter was the highest since 2021, amounting to $143.9 billion. This is due to the growth of shares of many companies and the general easing of economic uncertainty. Previously reportedthat the heads of American technology corporations sold hundreds of millions of dollars in shares during the quarter, a record level since 2021. According to experts, this may be a sign that the growth of shares of such companies may soon give way to a decline in their prices.

Yana Rozhdestvenskaya