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Follow on Google News | Tortola Capital Follows Global IPO Activity, With Asia at the TopHenry J. Marshall, President and CEO of Tortola Capital, has pointed out an interesting trend in the Asian IPO market.
By: Tortola Capital 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. # # # About Tortola Capital: Tortola Capital is focused on providing the most comprehensive and individualized financial planning and services available. As a full service wealth management and brokerage firm, we are able to focus on the needs, aspirations and legacy of each of our clients around the globe. We individually cater services for each client’s situation, and at Tortola Capital it is our goal to understand, anticipate, and meet each client’s changing financial needs with a comprehensive offering of high-quality products and services. End
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