全球科技企业上市回顾.pdf

/globaltechipo Global Technology IPO Review Technology Institute A quarterly look at global trends in the technology IPO market A weak Q1 sets the tone for a lackluster first half of the year* Welcome to the first quarter 2016 issue of PwC’s Global Technology IPO Review. Asia maintained a steady course as the year began, making it the bright spot in an otherwise weak quarter. Seven of the first quarter’s ten technology IPOs were in Asia, on par with Asia’s eight tech IPOs in the fourth quarter and six in the third quarter of 2015. In the first quarter of 2016, China led with three IPOs. India had two listings on the Bombay Stock Exchange—its first IPOs since the second quarter of 2013. There were also two listings in Japan. The overall global tech IPO market began 2016 by hitting its lowest point in recent years. The ten IPOs in the first quarter of 2016 garnered cumulative proceeds of US$769 million. The last time we reported fewer than ten tech IPOs was in the fourth quarter of 2012 when eight IPOs were issued. However, the proceeds were much higher at US$1.3 billion. Fearing lower valuations due to market volatility, technology companies on both sides of the Atlantic shelved their IPO plans. Neither the US nor the UK had a tech IPO. Since 2010, we have not had a quarter without a US domiciled tech IPO until now.