Q4 in the New Issuance Market

Happy New Year!

2014 is gone, but not forgotten. In fact, if you’re anything like the rest of us, you’ll probably be writing 2014 on your checks for a few weeks (provided you still use checks!) It always takes a little while for the new year to assert itself.

But that’s okay. After the holidays we could all benefit from a slow transition back to reality, and the Ipreo blog is here to help ease you into 2015 with a couple of looks back at the year that was.

Let’s start with a recap of the final quarter of 2014.

The last quarter of 2014 was more of the same in a record-setting year for IPOs, with Healthcare continuing its run, dominating the quarter with 22 debuts and 62 deals overall. The sector also continued its trend of quantity over quality, with those 62 deals only accounting for 14.8 percent of the market share. The energy sector came in on top there with 18% of the market share ($12B), despite less than half (25) as many deals as Healthcare. The bulk of Energy’s influx was from five deals that broke the $1B threshold, including Plains GP Holdings, LP’s follow-on, which came in at $1.7B.

Meanwhile, Alibaba continues to weigh heavily on the new issuance market, as Jack Ma’s China-based juggernaut is largely responsible for Consumer Services finishing 2014 atop the proceeds pile, ahead of Financials and Energy and Healthcare… whose 102 IPOs still weren’t able to get it to the medal stand.

But we’ll talk more about that next time, when we recap 2014’s deal market as a whole, and discuss what might be in store for the year ahead.

For a closer look at the fourth quarter numbers, visit IpreoInk.