Daily Management Review

IPO, M&A markets sink down in Q3


The global equity market in the first three quarters fell by 18% amid concerns over global economic growth prospects and ongoing geopolitical problems, including the US-China trade war. The Asian market experienced an even stronger decline (by 22%). M&A volumes during this period also declined quite significantly - by 11%, to $ 2.8 trillion.

The amount of funds raised through stock markets around the world decreased by 18% in the first three quarters of this year; this is the worst figure since 2012, say Refinitiv experts. Such results stem from the prospects for global growth, growth of a number of the most important economies in the world, as well as continued geopolitical instability.

Last but not least, the protests in Hong Kong and the trade war between China and the United States affected the global equity market: the volume of the equity market in the Asia-Pacific region (APR) decreased during this period by 22%, to $ 147.8 billion; especially the IPO market decreased by 40%, to $ 40.9 billion. In the case of China, the IPO volume almost halved, to $ 26.7 billion.

In the third quarter, the Asian market was supported by IPO of the local subsidiary of the Anheuser-Busch InBev brewing company - Budweiser Brewing Company APAC - for $ 5 billion.

The European equity market fell by 23%, to $ 88.6 billion, IPO volumes also by 40%, to $ 17 billion. The American equity market grew slightly in the first three quarters - by 6%, to $ 203.8 billion, and funds, raised during the IPO, increased by 5%, to $ 41.7 billion. However, experts see some problems: several technology companies, including Uber, Lyft and Slack, have conducted IPOs since the beginning of the year, and their shares started falling. In turn, this caused investor caution in relation to such IPOs. Recently, another technology service, WeWork, canceled the IPO, which was originally scheduled for September.

source: reuters.com

Science & Technology

Financial giants and US government turn to quantum computers

Long Way To Go For Coronavirus Vaccine, Say Drgumakers

Google's subsidiary launches recognition service for photoshopped images

Unapproved Drug For Coronavirus Treatment And Testing Given By Gilead Sciences

Live Facial Recognition Cameras Will Be Used By London Police

Driverless Vehicle For Its Ride-Sharing Service Unveiled By GM’s Cruise

Amazon will allow customers to pay with palms instead of cards

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

World Politics

World & Politics

EBA Finds Alarming Compliance Results For Gender Diversity Among Banks

Record high temperature observed in Antarctica

Venezuela to initiate international litigation against USA because of sanctions

Coronavirus Death Toll 204 In China, US Asks Americans Not To Go China

Hong Kong protesters block railway to mainland

Heavy rain kills 47 people in southeast Brazil

French tour operators will stop sending tourists to China until February 21

US Will Not Give Visas To Pregnant Women To Prevent Organized 'Birth Tourism'