Business Daily cover image

Business Daily

Was 2023 a bad year for IPOs?

Dec 19, 2023
18:22
Snipd AI
2023 has been a disappointing year for IPOs, with a record low number of companies offering their shares publicly on stock exchanges. The chapter discusses the performance of IPOs in 2023, highlighting high-profile IPOs and their mixed returns. It explores the factors that allowed India to avoid economic challenges and the prospects for IPOs in India in 2024. The chapter also discusses the expected IPOs in 2024 and the importance of IPOs for job creation and long-term economic growth.
Read more

Podcast summary created with Snipd AI

Quick takeaways

  • 2023 saw a significant decrease in IPO activity globally, with the lowest proceeds raised in 15 years.
  • The success of an IPO is not solely determined by financials but also by factors like market sentiment, timing, and underwriter's role in setting the issue price.

Deep dives

Challenging Year for IPOs in 2023

2023 has been a challenging year for initial public offerings (IPOs) with mixed results. Several highly anticipated IPOs were met with disappointment as their returns proved to be a mixed bag. The year was marked by a decrease in IPO activity globally, with the lowest proceeds raised in 15 years. However, experts remain optimistic about the IPO market in 2024, citing the rebounding performance of some previously disappointing IPOs and a positive trend in the IPO index. Volatility is a characteristic of IPOs, and their success is not solely determined by day one performance but also by their subsequent trading and performance.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode