Cross-border IPOs grow share of listings while market falls
Baker McKenzie's full-year Cross-Border IPO Index rose by 16% to 32.3 for 2016, as cross-border deals gained a larger share of new equity deals in 2016.
Issuers raised USD 30 billion from cross-border IPOs in 2016 through 109 deals. Total deal value fell 25% on the prior year but proved less volatile than domestic IPOs, which fell by 47% to USD 56 billion. Cross-border deals accounted for 35% of new IPOs.