The New York, Shanghai and London Stock Exchanges were the top three exchanges for capital raising for all IPOs, (domestic and cross-border) for the year to date. The Hong Kong and Shenzen exchanges round out the top five.
Hong Kong maintains its leadership position for cross-border capital raising by value. Indeed, Hong Kong, London and New York are utterly dominant for cross-border IPOs.
ALL IPOs - TOP EXCHANGES
STOCK EXCHANGE
CROSS-BORDER H1 2017
TOTAL H1 2017
DOMESTIC H1 2017
VALUE (USD MILLION)
1,261
18,011
19,272
NEW YORK STOCK EXCHANGE
9,542
9,542
SHANGHAI STOCK EXCHANGE
3,893
3,801
7,694
LONDON (MAINBOARD AND AIM)
5,493
1,121
6,614
HONG KONG (SEHK AND HK GEM)
6,503
6,503
SHENZHEN STOCK EXCHANGE (INCLUDING CHINEXT AND SME)
TOP CROSS-BORDER EXCHANGES
% CHANGE FROM H1 2016
STOCK EXCHANGE
H1 2015
H1 2016
H1 2017
VALUE (USD MILLION)
15,802
6,758
5,493
-19%
HONG KONG (SEHK AND HK GEM)
2,546
250
3,893
1,458%
LONDON (MAINBOARD AND AIM)
390
347
1,261
263%
NEW YORK STOCK EXCHANGE
42
44
565
1,186%
NYSE EURONEXT
1,866
455
383
-16%
NASDAQ
Mainland China’s two largest exchanges in Shanghai and Shenzhen were most active as the China Securities Regulatory Commission promised to accelerate the process for IPO approvals to help more companies sell shares. Markets in Korea, India, Ireland and Spain were also active.
“The market has come back quite strongly from a standing start and it’s interesting to see similar levels of capital raised from IPOs across four of the top five exchanges. Two-thirds of the world’s 50 largest stock exchanges have seen more issuance in the first half of this year than last year. Cross-border capital raised from IPOs in London has recovered from the lows of 2016, while New York is having a good year and only Hong Kong is somewhat flat.”
Koen Vanhaerents Global Head of Capital Markets at Baker McKenzie
TOP DOMESTIC EXCHANGES
% CHANGE FROM H1 2016
STOCK EXCHANGE
DOMESTIC H1 2017
VALUE (USD MILLION)
18,011
317%
NEW YORK STOCK EXCHANGE
9,542
164%
SHANGHAI STOCK EXCHANGE
6,503
156%
SHENZHEN STOCK EXCHANGE (INCLUDING CHINEXT AND SME)
5,808
66%
NASDAQ
4,318
370%
KOREA EXCHANGE (INCLUDING KOSDAQ)
ALL IPOs - TOP EXCHANGES
NEW YORK STOCK EXCHANGE
down-arrow-2-v1up-arrow-v1
SHANGHAI STOCK EXCHANGE
down-arrow-2-v1up-arrow-v1
LONDON (MAINBOARD AND AIM)
down-arrow-2-v1up-arrow-v1
HONG KONG (SEHK AND HK GEM)
down-arrow-2-v1up-arrow-v1
SHENZHEN STOCK EXCHANGE (INCLUDING CHINEXT AND SME)
down-arrow-2-v1up-arrow-v1
TOP CROSS-BORDER EXCHANGES
HONG KONG (SEHK AND HK GEM)
down-arrow-2-v1up-arrow-v1
LONDON (MAINBOARD AND AIM)
down-arrow-2-v1up-arrow-v1
NEW YORK STOCK EXCHANGE
down-arrow-2-v1up-arrow-v1
NYSE EURONEXT
down-arrow-2-v1up-arrow-v1
NASDAQ
down-arrow-2-v1up-arrow-v1
TOP DOMESTIC EXCHANGES
NEW YORK STOCK EXCHANGE
down-arrow-2-v1up-arrow-v1
SHANGHAI STOCK EXCHANGE
down-arrow-2-v1up-arrow-v1
SHENZHEN STOCK EXCHANGE (INCLUDING CHINEXT AND SME)
down-arrow-2-v1up-arrow-v1
NASDAQ
down-arrow-2-v1up-arrow-v1
KOREA EXCHANGE (INCLUDING KOSDAQ)
down-arrow-2-v1up-arrow-v1
STOCK EXCHANGE INSIGHT
Koen Vanhaerents
Edward Bibko
Contact
David Holland
Amar Budarapu
Pablo Berckholtz
top-arrow
Global Insight
Sector Insight
Stock Exchange Insight
Private Equity and Venture Capital Backed IPO Insights
Technology Sector
Private Equity and Venture Capital-backed IPO
RETURN TO BAKERMCKENZIE.COM
white-banner-arrow-2
Regional Insight: Asia Pacific
Regional Insight: EMEA
Regional Insight: North America
Regional Insight: Latin America
Baker-McKenzie-New-Logos
ABOUT
CONTACT
HOME
hamburgerx-toc
HOME
CONTACT
ABOUT
INSIGHT
red-menu-arrow
red-menu-arrow
REGIONAL INSIGHT
SPOTLIGHT
red-menu-arrow
EmailLinkedinTwitter
INSIGHT
red-menu-arrow-v1
REGIONAL INSIGHT
red-menu-arrow-v1
SPOTLIGHT
red-menu-arrow-v1
EmailLinkedinTwitter