AN EMPIRICAL ANALYSIS OF GLOBAL AND DOMESTIC IPO ACTIVITIES IN SELECTED COUNTRIES BEFORE AND AFTER THE FINANCIAL CRISIS

Abstract

The financial crisis in the world over the past years has taken a heavy toll not only on most of the global economies, but relentlessly impinges on the financial markets as well. This has affected the globalized banking system to an abrupt collapse and led the worldwide initial public offer (IPO) activity to plummet. However, the landscape has been transforming since the later part of 2009 with the emerging markets dominated the proceedings both by value and in volume. Momentum has also been building rapidly in the revival of global economy as the Governments are taking steady initiatives to mitigate those damages and shield themselves from the next crisis. The paper aspires to make a comprehensive look at the global IPO market during the pre and post financial crisis period.

Keywords: Global IPO activity, global financial crisis, domestic IPO activity, macro-economic variables