The investment team at Tortola Capial continues to watch Asia for winning investment opportunities, and Henry J. Marshall, President and CEO of Tortola Capital, has pointed out an interesting trend in the Asian IPO market. In terms of the number of IPOs last year, no region of the world was more active than Asia, with Chinese and South Korean companies leading the way. Each completed 183 and 61 deals, respectively, according to data provider Dealogic.
By comparison, companies based in Europe generated 62 IPOs and the U.S. saw 54 new listings. Asia also ruled dollar volume raised by new-stock launches: Chinese companies alone sold $50.4 billion, or 45%, of the global total and 62% more than Europe and the U.S. combined. The U.S. listed $24 billion of deals during that time, while European companies logged just $7.1 billion, according to Dealogic, reports Marshall.
On a global basis, the total number of IPOs in 2009 declined 19% to 560, cautioned Marshall. However, the size of deals trumped 2008, with the amount raised increasing 44% to $110.9 billion, which means the investment team at Tortola capital will continue to watch for further IPO growth in 2010.
