Global IPO Activity Dropped In Q3, But Not In China

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By Douglas A. McIntyre Published
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The number of Global Initial Public Offerings (IPOs) dropped by 22% in the third quarter compared with the second quarter of 2007, according to the quarterly Global IPO Report from Ernst & Young.

Globally, US$57 billion was raised in 428 IPOs in the third quarter, and the amount of capital raised decreased by 36% compared with the previous quarter.

IPO activity was driven by the emerging markets; Brazil, Russia, India and China, which together raised US$27 billion in a record 118 IPOs and accounted for seven of the 10 largest IPOs in the third quarter, according to the report.

Overall, China, Brazil and the US led activity by capital raised, and made up 56% of the global total.

China also led number of IPOs with 77, surpassing last quarter’s leader Australia (50) and the US (36).

Data from E&Y

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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