Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Equity Capital Markets

Kuaishou Technology / Equity Capital Markets

<ul>
<li>The past year has been one of the best ever period for the major global stock markets and the IPO markets, in particular. In this insight, we discuss the price actions of 85 major IPOs in the past 10 months globally (mostly in China, US, and other parts of Asia) that have been written up on the Smartkarma platform.</li>
<li>Our analysis shows a credible sign that the global IPO market is softening considerably. In particular, the share prices of the IPOs completed in January and February 2021 did not fare so well one month after the IPO (comparing relative to their share price performances from their IPO prices and the closing prices of the IPO dates). This is <em>different</em> from the price actions in June to December 2020 when the opposite was true. <em>This is one of the signs that suggest the IPO market strength may be weakening.</em>
</li>
</ul>


The past year has been one of the best ever period for the major global stock markets and the IPO markets, in particular. In this insight, we discuss the price actions of 85 major IPOs in the past 10 months globally (mostly in China, US, and other parts of Asia) that have been written up on the Smartkarma platform.
Our analysis shows a credible sign that the global IPO market is softening considerably. In particular, the share prices of the IPOs completed in January and February 2021 did not fare so well one month after the IPO (comparing relative to their share price performances from their IPO prices and the closing prices of the IPO dates). This is different from the price actions in June to December 2020 when the opposite was true. This is one of the signs that suggest the IPO market strength may be weakening.



Are We Coming Near the End of the Bull Market in the Global IPOs?