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US IPOs on Top Again

February 23, 2011

After last year's surge of IPOs in the Asia-Pacific region, US IPO issuance has taken the top perch so far in 2011. The reasons for this are several, but chief among them are the increasing quality and growth potential of US IPOs relative to Asia-Pacific offerings and the broad underperformance of Asia's equity markets. US IPO momentum is also building with a pipeline of high-profile deals. While the year is just beginning, and trends can shift quickly, here are some of our high-level insights into recent IPO market trends.

Key takeaways:
  • US IPO activity is up significantly year-over-year and besting the rest of the world
  • Chinese issuance is down due to deteriorating issuer quality and China growth concerns
  • The buy-side stared down private equity IPO backers in 2010; now valuations are reasonable
  • Tech stocks are performing well due to fundamental quality and growth prospects
  • High-profile names are coming (HCA, Toys "R" Us, LinkedIn, Skype, Freescale, Pandora)

Read our full report about US IPOs On Top Again.