China became the world leader in IPO markets in 2023. In particular, Chinese companies have managed to raise $19.5 billion during initial public offerings this year, which is several times higher than the US figure of $3.8 billion. Last year, during the same period, American companies raised about $12.3 billion for IPOs. And in 2021, in the first four months, the volume of investments in the United States amounted to $ 130 billion. Analysts note that the cancellation of strict coronavirus restrictions, as well as a new simplified listing regime on the Shanghai and Shenzhen stock exchanges contributed to the growth of activity in the Chinese IPO market. At the same time, the activity in the IPO market in the United States was negatively affected by the Fed's rate hike, consistently high inflation and fears about a recession. In addition, the banking turmoil in the United States also made a detrimental contribution, reducing interest in new placements. Recall that in March of this year, Silicon Valley Bank (SVB) went bankrupt in the United States. Its bankruptcy was the largest in the country since the global crisis of 2008. After SVB, two more American banks closed: Signature Bank and Silvergate Bank. Yesterday, May 1, the California Department of Financial Protection and Innovation closed another troubled American bank – First Republic Bank. This financial institution came under the external management of the US Federal Deposit Insurance Corporation (FDIC).
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