Globalization
Factors Driving IPO Activity: Attracting New Listings Across Markets
This study analyzes factors associated with OPV activity in 79 global bags from 2002 to 2024, highlighting the importance of market liquidity and GDP growth in OPV frequency. Financial development is related to larger offer sizes in emerging markets, while returns and market volatility influence regional cycles. The introduction of a Listing Rigor Index shows that stricter requirements are associated with larger offerings, but relaxing them can significantly increase OPV participation.
December 16, 2025