Buoyant stockmarkets lift year’s share offerings by 24 percent to $774 billion

LONDON/NEW YORK/HONG KONG (Reuters) – This year has been the biggest for equity fundraising globally since 2010, thanks to improving confidence among companies on the back of the strong investor demand for stocks, according to Thomson Reuters data published on Friday. A total of $774 billion has been raised worldwide from equity capital market (ECM) offerings as of December 18, including flotations, issues of bonds which are convertible into stock, and secondary share offers by already-listed companies, a rise of 24 percent on 2012. Companies globally raised $159.7 billion from initial public offerings (IPOs), a 37 percent increase on 2012 and bankers expect 2014 to carry on where 2013 left off, with many companies bringing forward plans to go public as they look to take advantage of the strong market conditions and low levels of stock market volatility. “It’s the perfect storm for the IPO product,” said Evan Damast, global head of equity syndicate at Morgan Stanley, saying increasing confidence in global growth and company earnings as well as investors seeking to boost the proportion of equities in their portfolios were supporting the market.

    

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