IPOs return 17% globally in 2014: EY

Performance, which beats that of the MSCI World Index, is seen as the best since the financial crisis in 2007


IT has been a good year for initial public offerings (IPO) around the world, with the average listing in 2014 delivering a 17.1 per cent return, according to a report by audit and advisory firm Ernst & Young (EY).

By contrast, the MSCI World Index, which tracks global equities, is up just 4.8 per cent year-to-date with reinvested dividends.

Some 1,206 IPOs raised US$256.5 billion in 2014, which was 35 per cent more in terms of volume and 50 per cent more in terms of value compared to 2013,...

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