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Global IPO Proceeds Hit $268 Billion in 2020, Highest Value Since 2010

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Market summary

Global IPO Proceeds Hit $268 Billion in 2020, Highest Value Since 2010

The initial public offering (IPO) market performance in 2020 defied all expectations, demonstrating the resilience of equity and capital markets. The year saw a total of 1,363 IPOs receiving $268.0 billion.

According to the research data analyzed and published by Comprar Acciones, IPO volume shot up by 19% in 2020 compared to 2019 while value surged by 29%. Total proceeds were the highest since 2010 when 1,361 IPOs raised $290.2 billion.

In the US, 43 consumer companies completed IPOs during the year, up from 27 in 2019. They raised a collective $19.57 billion, close to three times the $6.77 billion raised in the previous year.

US Exchanges Accounted for 88% of 2020 IPO Deal Value

The most active sectors in the 2020 IPO market were technology, industrials and healthcare. Together, they accounted for a 59% share of global deals and 64% of the total value.

Regionally, the United States saw the highest increase, 30% up in deal number and 78% up in proceeds. From 217 deals that raised $54.9 billion in 2019, there were 282 deals in 2020, raising $97.9 billion.

The Asia Pacific took the lead in terms of value and deal number. There was a 20% increase in deal number from 686 in 2019 to 822 in 2020. Deal value rose by 45% from $93.6 billion to $136.2 billion in the same period.

US exchanges accounted for 79% of global deal numbers and 88% of deal value. US Nasdaq received $55.3 billion from 181 IPOs while the NYSE got $30.9 billion from 43 IPOs.

Q4 2020 was noteworthy with 490 IPOs raising $101.4 billion, an increase of 30% year-over-year (YoY) in deal number and 9% in value. The highest valued IPO in Q4 2020 was JD Health, which raised $4.0 billion. AirBnB raised $3.8 billion while DoorDash raised $3.4 billion.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Nigerian Stock Exchange

Stanbic IBTC Holdings to Release Audited 2021 Half Results in August 2021

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Stanbic IBTC - investorsking.com

Stanbic IBTC Holdings Plc, one of the leading banks in Nigeria, on Wednesday announced its Board of Directors has decided to audit the Half Year Financial Results of the bank.

The bank announced in a statement signed by Chidi Okezie, Company Secretary.

According to the bank, the Audited Results for the Half Year Ended 30 June 2021 will be released not later than 29, August 2021 after the Central Bank of Nigeria has approved it.

The statement reads, “Having duly notified NGX RegCo of this development, the Management of Stanbic IBTC wishes to notify the investing public that the Company will aim to publish its 2021 Audited Half Year Results on or before 29 August 2021 in accordance with the extant Rules of NGX Regulation Limited as cited above.

“Thank you for your understanding. For any enquiry, please contact Chidi Okezie, Group Company Secretary – Email: chidi.okezie@stanbicibtc.com or Idris Toriola, Head Investor Relations – Email: idris.toriola@stanbicibtc.com; Tel +234 422 8501”

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Nigerian Stock Exchange

Equities Market Closes in Red on Monday

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited extended its bearish trend on Monday as several unclear economic policies continue to dictate market sentiment.

Investors traded 209,212,596 shares estimated at N1.763 billion during the trading hours of Monday.

Market value of listed equities dipped to N20.089 trillion on Monday, while the Nigerian Exchange Limited All-Share Index lost 0.27 percent 38545.30 index points.

Meyer Plc led gainers with 8.77 percent to close at N0.57 a share. This was followed by Champion Brew. Plc with 6.06 percent. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
MEYER N 0.57 N 0.62 0.05 8.77 %
CHAMPION N 1.98 N 2.10 0.12 6.06 %
JBERGER N 19.10 N 20.00 0.90 4.71 %
REGALINS N 0.50 N 0.52 0.02 4.00 %
IKEJAHOTEL N 0.94 N 0.97 0.03 3.19 %

Top Losers 

Symbols Last Close Current Change %Change
FIDSON N 5.10 N 4.60 -0.50 -9.80 %
LASACO N 1.50 N 1.36 -0.14 -9.33 %
FTNCOCOA N 0.33 N 0.30 -0.03 -9.09 %
MBENEFIT N 0.45 N 0.41 -0.04 -8.89 %
CORNERST N 0.58 N 0.55 -0.03 -5.17 %

Top Traders

Symbols Volume Value
ACCESS 22719611.00 193988537.35
MANSARD 16700986.00 15046288.96
ZENITHBANK 16144873.00 384583513.35
MBENEFIT 14685025.00 6036206.91
CHAMS 13478252.00 2703150.40

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Bonds

FG To Auction Three Bonds Worth 50B Each This Week

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Bonds- Investors King

The Debt Management Office has said that the Nigerian government will offer N150 billion bonds for subscription in June.

The bonds comprised three bonds worth N50bn each, a circular said Friday.

The DMO said the bonds will be auctioned on June 23 and all three have the same date for settlement.

The bonds are a 10-year re-opening bond to be offered at the rate of 16.2884 percent and to mature in March 2027; a 15- year re-opening bond to be offered at 12.5 percent with the maturity date of March 2035; and a 30-year re-opening bond to be offered at 12.98 percent and mature in March 2050.

FGN Bonds are “backed by the full faith and credit of the Federal Government of Nigeria”, the DMO said, adding that they are equally charged upon the general assets of Nigeria.

The debt office explained further that FGN bonds qualified as liquid assets for liquidity ratio calculation for banks.

For re-openings of previously issued bonds where the coupon is already set, the circular said successful bidders would pay a price corresponding to the yield to maturity bid that cleared the volume being auctioned, plus any accrued interests on the instrument.

Last month, the DMO offered similar bonds of N150bn bonds for a subscription which comprised three bonds worth N50bn each.

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