Summary:

In 2024, Nasdaq and NYSE raised $16.5 billion and $15.9 billion, respectively, while the Hong Kong and Shanghai Stock Exchanges raised $10.4 billion and $8.8 billion. The National Stock Exchange (NSE) led Asia in IPOs, with 268 listings across its mainboard and SME platform. This includes 90 mainboard listings and 178 SME listings on the Emerge platform, which together raised Rs. 1.67 trillion (US$ 19.53 billion).

The surge in primary market activity was primarily driven by Hyundai Motor India’s IPO, raising US$ 3.3 billion, the largest in India and the second-largest globally. In total, 1,145 IPOs took place globally in CY24, down from 1,271 the previous year. Sriram Krishnan, Chief Business Development Officer at NSE, noted that the National Stock Exchange issued more IPOs than other major Asian exchanges, including Japan's Japan Exchange Group, Hong Kong, and Shanghai.

Source: IBEF 

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