Friedberg @ 00:34:31Wrong
markets
Global IPO activity for full-year 2023 will total fewer than 1,200 IPOs, which will be lower than both 2022 and 2019 levels.
If you look at the slide, this is from Ernst and Young showing the IPO activity by year. And this was through June 30th. So if you assume kind of a steady state, you probably are going to come in at a volume that's less than 22 and perhaps even less than going back all the way to 2019, with less than 1200 IPOs during the year, compared to the peak of 2400, which happened in 2021.View on YouTube
Explanation
EY’s Global IPO Trends 2023 data show that the global IPO market in 2023 closed with 1,298 IPOs, raising US$123.2b.(ey.com)
For comparison, EY’s 2022 report puts 2022 at 1,333 IPOs globally.(technode.global) And EY’s review of 2019 states that 2019 had 1,115 IPOs worldwide.(cyprusprofile.com)
So, while 2023’s IPO count was lower than 2022, it was higher than both 1,200 and the 2019 level (1,298 > 1,200 and 1,298 > 1,115). Because the prediction specified that 2023 would have fewer than 1,200 IPOs and be lower than both 2022 and 2019, it did not come true.