This stacked value line chart titled “2024 YTD IPO activity, IPO return, and key stock market indicators” displays six key metrics across various countries for the year-to-date 2024: IPO number, IPO value (US$b), IPO return (%), index return (%), market cap (US$t) and P/E multiple. For IPO number, India leads with 327, followed by the United States with 183, Europe excluding the UK with 115, Chinese mainland with 98, Japan with 84, South Korea with 75, Hong Kong with 64, Malaysia with 49, Saudi Arabia with 42 and the United Kingdom with 10. For IPO value (US$b), the United States is first with $32.7 billion, followed by India with $19.9 billion, Europe excluding the UK with $18.2 billion, Hong Kong with $10.7 billion, Chinese mainland with $8.9 billion, Japan with $6.2 billion, Saudi Arabia with $4.3 billion, South Korea with $2.9 billion, Malaysia with $1.6 billion and the United Kingdom with $0.9 billion. For IPO return (%), Chinese mainland leads with 123.9%, followed by Malaysia with 48.2%, the United States with 46.0%, Saudi Arabia with 40.6%, India with 37.1%, Europe excluding the UK with 20.6%, Japan with 18.2%, Hong Kong with 16.3%, the United Kingdom with 5.5% and South Korea with -4.7%. For index return (%), the United States ranks first with 26.9%, followed by Hong Kong with 19.7%, Japan with 17.0%, Chinese mainland with 14.4%, India with 12.8%, Malaysia with 10.1%, the Eurozone with 8.1%, the United Kingdom with 8.0%, Saudi Arabia with 1.4% and South Korea with -11.1%.
For market cap (US$t), the United States dominates with $57.9 trillion, followed by Chinese mainland with $11.9 trillion, Europe excluding the UK with $10.5 trillion, Japan with $6.4 trillion, the United Kingdom with $6.1 trillion, India with $5.2 trillion, Hong Kong with $4.5 trillion, Saudi Arabia with $2.6 trillion, South Korea with $1.8 trillion and Malaysia with $0.4 trillion.
For P/E multiple, the United States leads with 28.7x, followed by India with 23.4x, Saudi Arabia with 23.0x, Japan with 18.5x, the Eurozone with 17.4x, the United Kingdom with 15.8x, Malaysia with 15.0x, South Korea with 13.8x, Chinese mainland with 12.0x and Hong Kong with 9.6x.
Footnotes: IPO return, index returns, P/E multiple and overallotment data as of 9 December 2024 close. IPO return represents year-to-date (YTD) change in common share pricing of newly listed companies, weighted by market capitalization, compared to their offer prices at the time of listings. Market capitalization data represents the combined market cap of stock exchanges within each market as of October 2024 (e.g., US data includes NYSE and NASDAQ, while Chinese mainland’s data includes the Shenzhen and Shanghai stock exchanges). Sources: EY analysis, Dealogic, S&P Capital IQ, World Federation of Exchanges (WFE), LSEG (Refinitiv).
