IPOs slow down globally in third quarter after frenetic 2021 start

Initial public offerings (IPO) globally slowed in the third quarter of 2021 from their previous frenetic pace, but the number of listings in the first nine months of the year still was the highest since the dotcom bubble of 2000, according to Refinitiv data.

IPOs in the third quarter raised a total of about $94.6 billion, down 26.3% from the second quarter, as activity cooled due to a summer slowdown and U.S. scrutiny of Chinese listings following Beijing's crackdown on DiDi Global Inc (DIDI.N) just days after its New York IPO.

More than 2,000 IPOs have raised a combined $421 billion globally