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The US and India lead the global IPO race. Here’s how the world's 10 largest economies stack up.

November 21, 2024

The world’s largest economies typically have the most active IPO markets, and this year is no exception, led by the US (#1 by GDP), India (#5), and China (#2).

The US IPO market tops the 2024 leaderboard amid a gradual rebound in activity. Sizable IPOs have driven proceeds up about 50% from last year, to more than $27 billion. A robust pipeline, strong returns, and improving market sentiment around inflation data and Fed policy have all encouraged activity, and the pickup is expected to accelerate in 2025.

India holds the #2 spot at...

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