The IPO market faced challenges in 2024, with a decline in the number of offerings and transaction values compared to the previous year.

Global IPO Market

The total number of IPOs worldwide dropped by 10 percent to 1,215, while the total issue volume fell by 4 percent to $121 billion.

Asia, particularly China, experienced a significant downturn due to deglobalization trends.

U.S. IPO Market

In contrast, the U.S. market demonstrated robust growth, with the number of IPOs increasing from 127 to 183, and the total transaction value surging from $22.2 billion to $32.7 billion.

European IPO Market

Europe saw a slight decline in the number of IPOs but an increase in issue volume.

Industry Dominance

Technology companies dominated the IPO scene, followed by firms in the "Advanced Manufacturing" sector.

Role of Private Equity and Venture Capital

Private equity and venture capital funds played a significant role in the IPO market, accounting for 12 percent of all IPOs and 46 percent of the total placement volume.

Switzerland's IPO Activity

Switzerland had limited IPO activity but saw success with Galderma's IPO.

Analysts are cautiously optimistic about the future of IPO activity, particularly in Switzerland, but there are potential risks such as negative interest rates and trade tariffs.