© nyse euronext. all rights reserved. a snapshot of global capital markets by:larry leibowitz coo,...
TRANSCRIPT
© NYSE Euronext. All Rights Reserved.
A Snapshot of Global Capital Markets
By: Larry Leibowitz
COO, NYSE Euronext
2
Global IPO Markets – Activity by Region
15 24
8018
50
95
18
5
20
37
2013
8
32 24
53
38
0
50
100
150
200
250
300
2008 2009 YTD 2010
Asia (ex-China) China Middle-East / Africa Europe LatAm US
IPO Capital Raised by Region ($ in billions)
12%20%
29%15%
41%34%
15%
3% 2%
16%
6%13%
17%
11%3%
26%20% 19%
2008 2009 YTD 2010
124 121
278
Source: Dealogic; NYSE Euronext As of December 10, 2010
IPO Capital Raised by Region (% Market Share)
100% 100% 100%
3
Global IPO Markets – Activity by Stock Exchange
13
45
49
14
12 2
5
27 25
11
22
2 0
9
3 4
58
4542
38
15 1410
9 8
0
10
20
30
40
50
60
70
Hong Kong NYSEEuronext
Shenzhen Shanghai LSE Tokyo NasdaqOMX
ASX Bombay
2008 2009 2010
Capital Raised at IPO by Stock Exchange ($ in billions)
Source: Dealogic; NYSE Euronext As of December 10, 2010
4
Global IPO Markets – Activity by Quarter
0
20
40
60
80
100
120
'08 Q1 '08 Q2 '08 Q3 '08 Q4 '09 Q1 '09 Q2 '09 Q3 '09 Q4 '10 Q1 '10 Q2 '10 Q3 '10Q4TD
Asia (ex-China) China Middle-East / Africa Europe LatAm US
IPO Capital Raised by Quarter by Region ($ in billions)
46 47
27
4 2
15
40
64
5651
57
113
Source: Dealogic; NYSE Euronext As of December 10, 2010
5
Top 10 Global IPOs in 2010
Date Company Exchange IndustryCap
Raised ($bn)
July Agricultural Bank of China HK Finance 22.1
October AIA Group Ltd HK Finance 20.5
November General Motors Co New York Industrials 18.1
March Dai-ichi Life Insurance Tokyo Finance 11.1
April Samsung Life Insurance Korea Finance 4.4
November Petronas Chemicals Group Kuala LBasic
Materials4.2
November QR National Ltd ASX Industrials 4.0
October Coal India Ltd Ind. Exch.Basic
Materials3.4
August China Everbright Bank Shanghai Finance 3.2
November Enel Green Power MilanUtility & Energy
3.2
The 10 largest IPOs accounted
for 34% of the global IPO
issuance volume
Source: Dealogic; NYSE Euronext As of December 10, 2010
6
2010 IPO Capital Raised by Sector
Equity Markets Overview – Asia
33.273.9
174.896.5
237.4
188.4
2008 2009 2010 YTD
425 IPOs / 1,015 FOs
778 IPOs / 1,891 FOs
423 IPOs / 2,301 FOs
Equity Capital Raised ($ in billions)
Follow-ons
IPOs
Healthcare
Tech
Finance
Energy
Consumer
Telecom
Materials
Industrial
Source: Dealogic; NYSE Euronext As of December 10, 2010
7
Equity Markets Overview – Europe
19.7 36.5
219.4
317.7
126.3
7.5
2008 2009 2010 YTD
201 IPOs / 656 FOs
198 IPOs / 894 FOs
83 IPOs / 1,162 FOsFollow-ons
IPOs
CEF
Healthcare
Tech
Finance
Energy
Consumer
Telecom
MaterialsIndustrial
Source: Dealogic; NYSE Euronext As of December 10, 2010
2010 IPO Capital Raised by SectorEquity Capital Raised ($ in billions)
8
CEF
Healthcare
Tech
Finance
Energy
Consumer
Telecom
Materials
Industrial
Equity Markets Overview – US
32.4 23.952.5
185.3
267.7
158.3
2008 2009 2010 YTD
171 IPOs / 783 FOs271 IPOs / 1,599 FOs
145 IPOs / 1,534 FOs
Follow-ons
IPOs
Source: Dealogic; NYSE Euronext As of December 10, 2010
2010 IPO Capital Raised by SectorEquity Capital Raised ($ in billions)
9
0.78
1.52
0.98
1.81
2008 2009 2010 YTD
Equity Markets Overview – Israel
Energy
Consumer
Tech
Real Estate
Industrial
Healthcare
Follow-ons
IPOs
1 IPOs / 6 FOs
16 IPOs / 22 FOs
1 IPO / 17 FOs
Source: Dealogic; NYSE Euronext As of December 10, 2010
2010 IPO Capital Raised by SectorEquity Capital Raised ($ in billions)
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