The year in IPOs, charted

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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Ever wanted to see a whole year’s worth of global IPOs in a single chart? Probably not, but here you go anyway:

The equivalent of $72.6bn has been raised across the 919 IPOs. Their average gain from the offer price was 44.52 per cent. Hover over the chart to see individual stocks, use the drop-down menu to filter by primary exchange, and if any data’s wrong complain to Bloomberg not us.

Indonesia was hot, with Barito Renewables Energy, Pelita Teknologi Global and Petrindo Jaya Kreasi in the top three spots by performance from issue price. Biggest gainer in developed markets is a tie between Nasdaq-listed Structure Therapeutics and Cover Corp of Japan, though they have 33 EM stocks ahead of them.

The US dominates the relegation end of the table: Hanryu Holdings and Inspire Veterinary Partners have both lost 90 per cent-plus following IPOs on Nasdaq Capital Market while Multi Ways Holdings is down by the same degree on NYSE American.

The most common post-float outcomes were for stocks to double or do nothing:

Here’s the IPO data set sorted by the issuer’s country of origin. To make it a bit more legible we’ve cut off the three Indonesian best performers.

And here’s how things look when organised by primary exchange, with the size of the bubble reflecting the number of IPOs.

In case you’re struggling to find London, it’s the blue dot at approximately -14 per cent average performance and less than $1bn raised. That puts the LSE 18th in the table by cash raised, just behind the Muscat Securities Market:

Further reading:
— It’s not just London: the struggle to reanimate Europe’s IPO market (FTAV)