文档介绍：baltechipo
Global Technology
IPO Review
Q1 2016
Technology Institute
A quarterly look at global trends
in the technology IPO market
May 2016
A weak Q1 sets the tone for a lackluster first half of the
year*
e to the first quarter 2016 issue of PwC’s Global Technology IPO Review. Asia maintained a steady course as the year began,
making it the bright spot in an otherwise weak quarter. Seven of the first quarter’s ten technology IPOs were in Asia, on par with
Asia’s eight tech IPOs in the fourth quarter and six in the third quarter of 2015. In the first quarter of 2016, China led with three
IPOs. India had two listings on the Bombay Stock Exchange—its first IPOs since the second quarter of 2013. There were also two
listings in Japan.
The overall global tech IPO market began 2016 by hitting its lowest point in recent years. The ten IPOs in the first quarter of 2016
garnered cumulative proceeds of US$769 million. The last time we reported fewer than ten tech IPOs was in the fourth quarter of
2012 when eight IPOs were issued. However, the proceeds were much higher at US$ billion.
Fearing lower valuations due to market volatility, panies on both sides of the Atlantic shelved their IPO plans.
Neither the US nor the UK had a tech IPO. Since 2010, we have not had a quarter without a US domiciled tech IPO until now.
Several factors caused the IPO market to plummet from its performance in the fourth quarter of 2015 (22 tech IPOs with proceeds
of US$ billion):
 Slowdown in the Chinese economy;
Raman Chitkara  modity prices, especially with oil at an historical low;
Partner and Global Technology  Uncertainty over Fed rates; and
Industry Leader  The ing referendum in the UK on whether to remain in the EU.
PricewaterhouseCoopers LLP As suggested in our 2015 Annual Tech IPO report, the tech IPO market was not likely to continue last year’s pace in this first
raman.******@us. quarter. In fact, the first quarter 2016 proceeds wer