More global IPOs expected in second half

THE steady appetite for global initial public offerings (IPOs) is expected to continue in the second half of the year, despite heightened investor caution.

This follows economic recovery in many markets as equity indices remain buoyant and volatility is on a downward trend, according to EY Global IPO Trends: 2014 Q2 released yesterday.

The report said that a significant uptick of IPOs in the second half of the year is expected to come from the financial, real estate, technology and consumer products and services sectors.