普华永道：全球科技行业IPO调查报告（2016全年及第四季度）（63页）.pdf

1、 Global Technology IPO Review Full-year and Q4 2016 Global Technology IPO Review Full-year and Q4 2016 1 Global tech IPOs in 2016 dropped to their lowest level in the decade amidst macroeconomic and geopolitical turmoil, but a stream of high-profile companies in the pipeline will likely create a res

2、urgence in 2017* Raman Chitkara Partner and Global Technology Industry Leader PricewaterhouseCoopers LLP On the heels of two strong years, 2016 ended with the fewest global technology IPOs of any year in the decade, with only 53 tech companies completing initial public offerings for total proceeds o

3、f US$8.7 billion. Thats a 42% decline in volume and a 68% decline in proceeds from 2015. With 20 tech IPOs, Q3 was the best period of the year, but Q4 was the worst, with just nine tech IPOs. The market rally following the US elections bodes well for a healthier global tech IPO market in 2017. The y

4、ear started slowly with only 24 IPOs and US$2.2 billion in proceeds in the first half of 2016, a result of the steep stock market sell-off in January that froze out potential IPO companies. Volatility and uncertainty closed the US IPO window, and China posted just three tech IPOs in the first quarte

5、r. The UK, historically one of the leading markets in Europe, saw no tech IPOs in 2016, a result of uncertainty over the Brexit election that grew into concern about executing on the outcome. Although the UK was absent, Europe posted reasonable results with 10 IPOs from eight countries, including th

6、ree of the largest tech IPOs of the year. They included the largest, Net A/S, a digital payments company in Denmark, at US$2.4 billion. Given uncertainty associated with the US presidential election, most companies chose to remain on the sidelines in the fourth quarter. Overall, tech IPOs rebounded