The American IPO market has fallen to "the worst in history"?What's wrong with the most popular US stocks?
Author:Jiang Han Vision Time:2022.09.20
In the world capital market, U.S. stocks have always been the most popular destination for companies. However, in recent times, the "worst in history" market in the US IPO market has appeared. What is going on? Why did the most popular US stocks suddenly not eat? What is the reason?
1. The American IPO market has fallen to "the worst in history"?
According to the First Financial Report, the Fed's radical rate of interest rate hikes overlay the US stock market, causing the US IPO market to be deadlocked, and the total amount is close to a record low. The center of the IPO has moved to Asia east, accounting for 68%of the total global value, and the IPO volume of the market in China this year is obvious.
Jin Hongyi, director of the Asia -Pacific region of UBS Investment Bank, told First Financial reporters that in 2022, the entire industry faced challenges, and the overall investment bank's business income and the performance of the capital market declined. As of August, even in the best Chinese market, the amount of equity capital markets in the Hong Kong market fell by 88%year -on -year, and the A -share market fell 7%. However, he also said that periodic fluctuations are normal.
Bloomberg data shows that IPOs in Asia this year raised $ 104 billion, accounting for 68%of the total global total. In contrast, the United States accounts for only 14%of the total amount of $ 153 billion in the world, which is the lowest level in the world's busiest marketing market.
You know, more than half of the US $ 657 billion IPO financing last year came from the United States. Today, due to the increased concerns about inflation and volatility, the valuation of US stocks is low.
Usually high -growth growth companies will lead the IPO market at the end of the year, and face uncertainty. Growth stocks have encountered killing valuations this year. The Nasdaq index plummeted by nearly 30%in the first half of the year. This has led investors to avoid such IPOs.
Since the beginning of this year, the Federal Reserve has raised interest rates at 225bp (base point). On Thursday, the Fed will hold interest rates at a high probability to continue to raise interest rates by 75bp.
Second, what happened to the most popular US stocks?
We have seen a very bad results in the US US stock IPO market. What do we think of the current US stock IPO market? What do we think of this?
First of all, the US stock IPO market has been at a relatively good level before. The core reason is that the United States is a relatively easy tolerant financing in the entire Western capital market. It is difficult to go public. In this case, the US capital market has become a citron invested in capital markets around the world. On the one hand, a large number of companies want to choose to go public in the US stock capital market to obtain better market pricing. On the other hand, on the other hand, on the other hand, Investors all over the world are pouring into the US stock market to participate in the US stock market transactions. These common reasons have led to the US capital market to become the world. Many listed companies want a core destination for listing.
Secondly, the pressure on the capital market faced by U.S. stocks is actually very huge. This aspect is because the entire U.S. stock capital market is in the process of large -scale consolidation. A large number of technology stocks have reached a new low. The inadequate confidence in the listing market in the market directly affects the investment of investors, and also affects a large number of quasi -listed companies, and chooses to list US stocks. Therefore, for the current market, US stocks' previous listing advantages are continuously listed. On the other hand, we see that due to the constant interest rate hikes of the Federal Reserve, in fact, the market has shown a trend of a seesaw. More and more people have discovered that they invest in stocks. In this case, my advantages are more advantageous than other investment choices in such circumstances, so a large number of investors start to not optimize the capital market per share, which has also driven the decrease in the willingness to invest in the entire market.
Third, from the perspective of long -term market development, the current problems faced by the US stock capital market actually represent that the high -quality market for investment is being transferred. More and more investors have begun to choose a better investment area in the market. In this regard, the Asian capital market, especially the major Asian capital markets represented by the Hong Kong capital market, often have better market competitiveness. Especially in these years, these Asian markets have begun to treat listing of the world with a more tolerant attitude. Companies, this has also attracted more companies to choose to list in the Asian capital market, rather than listed in the US stock capital market. Once this trend is fully formed, this will be the emergence of a diversified competition pattern in the capital field. It turns out that a strong and strong pattern may change completely, and the change in the US stock capital market is emerging.
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