In the first quarter of 2026, the global market witnessed 232 initial public offerings (IPOs) raising $41b, according to EY’s latest report. This marks a 23% decrease in the number of deals but a significant 36% increase in proceeds compared to Q1 2025, which saw 300 IPOs raising $30b.
The Asia-Pacific region led the charge with 107 IPOs, generating $20b, a 75% increase in value despite a 9% drop in volume year-over-year. EMEIA (Europe, the Middle East, India, and Africa) followed with 93 IPOs raising $11b, reflecting a 9% rise in proceeds despite a 23% decrease in volume. Meanwhile, the Americas recorded 32 IPOs, also raising $11 billion, with a 17% increase in value despite a 49% drop in volume.
Southeast Asia experienced a notable shift, with 14 IPOs raising $1.8b, a 174% increase in proceeds despite a 48% decline in volume compared to Q1 2025. This surge was driven by significant listings on the Singapore Exchange and Bursa Malaysia.
EY Asean IPO Leader Chan Yew Kiang commented on the market dynamics, stating, “Despite the initial optimism towards IPO performance seen at the start of 2026, global IPO volume has come down significantly. The conflict in the Middle East has created energy security risks across Southeast Asia, impacting the broader macroeconomic landscape.”
Looking ahead, the trajectory of the IPO market will depend on various factors, including geopolitical tensions and energy prices. However, early preparation remains crucial for companies aiming to capitalise on market opportunities.
