Chart of the week: Global IPO sales at post-crisis low
It’s been a poor year for initial public offerings – the value of flotations in the first three quarters of 2016 totalled $82.5bn worldwide, compared with $190bn at this stage in 2014 and $123bn in 2015.
It's been a poor year for initial public offerings (IPOs). The value of flotations in the first three quarters of 2016 totalled $82.5bn worldwide, compared with $190bn at this stage in 2014 and $123bn in 2015.
In Britain, the value of new listings is down 60%, compared with 45% in the US and Europe, says the FT's Gavin Jackson.
It's been an unusually volatile and uncertain year, kicking off with January's jitters over Chinese growth, but the main theme has been geopolitical uncertainty. Brexit and the US election have discouraged new listings. Still, nerves may be settling: IPOs rose in September.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Viewpoint
Barry Ritholtz, Bloomberg Views
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Do you qualify for the Winter Fuel Payment if you live abroad?
The Winter Fuel Payment will be means tested for expats living in Europe, in line with the new rules impacting those in the UK. But a quirk in the system means not all countries are eligible.
By Katie Williams Published
-
What the Employment Rights Bill means for your job
New workplace reforms are set to give employees new rights to benefits and flexible working
By Marc Shoffman Published
-
What would the greatest mathematician of the Middle Ages say about gold today?
Sponsored Italian mathematician Fibonacci is most famous for a curious sequence of numbers. Continuing his series on technical analysis, Dominic Frisby explains what these numbers are, and what they can tell us about gold’s next move.
By Dominic Frisby Published
-
How moving averages can reveal trades worth betting on – and ones to avoid
Sponsored Dominic Frisby looks in more depth at how moving averages can help you catch turning points in markets and help you decide which trades are worth pursuing.
By Dominic Frisby Published
-
This chart pattern could be extraordinarily bullish for gold
Charts The mother of all patterns is developing in the gold charts, says Dominic Frisby. And if everything plays out well, gold could hit a price that investors could retire on.
By Dominic Frisby Published
-
Believe it or not, this market is a “buy”
Charts With the world in the state it’s in and the market so volatile, buying stocks right now might go against all your instincts. But that’s just what you should be doing, says Dominic Frisby. Here, he explains why.
By Dominic Frisby Published
-
Chart of the week: avocados and bitcoin are in sync
Charts An amusing new spurious correlation has been spotted between the price of bitcoin and Mexican Hass avocados. In reality, of course, they have nothing to do with each other beyond “superficial price action”.
By moneyweek Published
-
Chart of the week: Kuwait's stockmarket is ready for take-off
Charts Kuwait's stockmarket is due to be promoted from “frontier” status to an emerging market by index provider MSCI next June. That should entice almost $10bn of global investors’ cash into the country.
By moneyweek Published
-
Chart of the week: US stocks outrun profits
Charts The US stockmarket has become totally detached from underlying profits of its constituent companies over the past three years.
By moneyweek Published
-
Chart of the week: Dr Copper diagnoses an ailing economy
Charts The price of copper has slipped by a fifth this year and is now at a near-two-year low of around $5,600 a tonne.
By moneyweek Published