Review of the US IPO Market in the First Quarter of 2024-中小企业海外上市资本集团 SME Overseas IPO Capital Group

Review of the US IPO Market in the First Quarter of 2024

作者：管理员发布于：2024-09-04 11:24:59 文字：【大】【中】【小】

摘要：In the first quarter of 2024, with the continuous introduction of favorable policies, the listing of Chinese concept stocks in the United States showed a trend of recovery and recovery.

Looking at the world as a whole, the current global capital market is still affected by negative factors such as geopolitical conflicts and the delay of the Federal Reserve's interest rate cuts. However, many central banks are no longer continuing their aggressive interest rate hike strategies, which can effectively ease market sentiment to a certain extent.

Trends in IPO issuance quantity and financing scale

The number of IPOs issued in the first quarter of 2024 in the US stock market was 41, a decrease of 5 compared to the same period last year; The IPO raised a total of 9.2 billion US dollars, an increase of 167.36% year-on-year. Although the quantity has decreased, the fundraising amount has increased significantly year-on-year.

IPO Market Distribution
From the distribution of the IPO market, the largest number of IPOs in the first quarter of 2024 still came from Nasdaq, with a total of 27 companies going public and raising a total of $4.449 billion, accounting for 48.59% of the total size of the US stock market.

Industry distribution of IPO listed entities
In terms of the number of IPOs issued in various industries, the pharmaceutical, biotechnology, and life sciences industries ranked first, with a total of 10 IPO projects. The diversified finance industry ranked second with 6, and the business and professional services industry ranked third with 5.

From the distribution of listed industries, the industry with the highest IPO fundraising scale is durable consumer goods and clothing, with a fundraising amount of $1.8 billion; Next is the pharmaceutical, biotechnology, and life sciences industries, with a fundraising amount of 1.6 billion US dollars; The third place goes to the healthcare equipment and services industry, with a fundraising amount of 1.1 billion US dollars.

The company with the highest IPO financing amount is Amalfin Sports, with a total of 1.571 billion US dollars. Joint Stock and American Healthcare REIT ranked second and third with $1.04 billion and $773 million, respectively. The top ten IPO projects raised a total of 7.379 billion US dollars, accounting for 80.59% of the total IPO fundraising.

The number of IPOs and financing scale of Chinese concept stocks

In the first quarter of 2024, a total of 13 Chinese companies went public in the United States, unchanged from the same period last year, with a financing scale of 1.7 billion US dollars, an increase of 200.64% year-on-year. Among them, the top three in terms of financing amount are Amalfin Sports (a joint venture of ANTA Sports in China with 1.571 billion US dollars), Hongguan Solar Energy Technology (20 million US dollars), and Roma Green Finance (12 million US dollars).

In the first quarter of 2024, over 12 companies successfully launched De SPACs and 5 newly launched SPACs in the US stock market, raising up to 500 million yuan, all of which were listed on NASDAQ.

The US IPO market in the first quarter of 2024 is full of vitality and impressive performance, with an average overall IPO increase of 23%. It is foreseeable that the forecast for the IPO market in 2024 is gradually becoming clearer in 2023. Despite the overall market activity being limited in previous years due to various external factors, the enthusiasm of IPO issuers and the confidence of investors have significantly increased.

And based on the trend shown by the data of Chinese concept stocks going public in the United States, it can also indirectly reflect that with the series of laws and regulations introduced by China and the United States to further improve listing rules, the capital market environment has become more stable to a certain extent, and the quality of listed companies has been positively affected, further attracting more investors' confidence. Looking ahead to the second quarter, the US stock market still faces many challenges, but there is also hope for more positive signals to emerge.

The overseas listed capital group of small and medium-sized enterprises has been deeply involved in the SPAC listing field for 15 years and has rich and mature experience in going public in the United States. We look forward to cooperating with you!

*The above data is sourced from WInd, Deloitte, Bloomberg, Refinitiv, and NASDAQ as of April 1st.

选择下列客服马上在线沟通：