IPO market slows in 2018 on back of geopolitical uncertainty

IPO activity has been somewhat slow for the first quarter of 2018, in part on the back of market uncertainty at the start of the year. The Americas had a relatively strong showing, reflecting a number of mega-IPOs, such as PagSeguro Digital, which raised $2.3 billion, and ADT, which raised $1.5 billion. UK markets were relatively flat, something broadly blamed on the uncertainties companies face amid the Brexit process. In total there were 287 IPOs for the start of 2018, down 27% on the same period in 2017. The decrease reflects market volatility, the start of February saw stiff selloffs on the market. However, while the volume was down, the value was up by 28% to $42.8 billion.

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