He said the IPO market reflected the struggles in stock markets worldwide, which were hit by inflation fears, geopolitical instability and interest rate hikes in 2022.
Investors who have dared to go public so far this year may not have been rewarded either.
Analysis by HLB Mann Judd found that while IPOs in the first six months of 2022 averaged an 18 percent first-day gain on their stock market price, only a third of IPOs were still in the black as of June 30 average loss across all listings was 10 percent.
Optimism about IPOs for the second half of 2022 lies almost entirely in the materials and energy sectors, which account for 87 percent of proposed new entrants.
Synergen Met, a provider of sustainable thermal plasma technology, is the largest pending float on record, looking to raise $25 million.
Comments are closed.