普华永道：2017年Q2全球科技行业IPO回顾.pdfVIP

Global Technology IPO Review Q2 2017 Global tech IPO market has best quarter in two years based on volume: 28 IPOs – Includingfour Unicorns – In Q2 2017 Welcome to the Q2 2017 issue of PwC’s Global Technology IPO Review. It was the best quarter for technology initial public offerings (IPOs) in two years as the upbeat mood in the capital markets increased the appetite of investors for new public offerings. In the second quarter, 28 technology companies completed IPOs for total proceeds of US$5.1 billion. This is the most technology IPOs since Q2 2015 when there were 36. The improvement of economic fundamentals in the major developed economies, continued rallies in many equity markets and the backlog of tech companies waiting to go public led to the increased volume. While four Unicorns completed their IPOs, the big names continued to stay on the sidelines. The pace of Unicorn IPOs in the remainder of calendar 2017 is likely to be influenced by the post-IPO performance of Unicorns that completed their IPOs in the first half. Geographically, China continued to show robust growth in the technology IPO market with 16 companies raising a total of US$1.2 billion. Chinese IPOs were favorably impacted by the efforts of the China Securities Regulatory Commission (CSRC) to speed up the approval process. South Korea had a strong quarter with two IPOs, raising US$2.405 billion, including the largest IPO of Q2—Netmarble Games Raman Chitkara