Twitter’s $1.8bn initial public offering on the New York Stock Exchange ranks as the 7th largest IPO globally so far this year and the largest in the technology sector since Facebook’s US$16.0bn offering last year.
The deal lifts global IPO activity to US$126.3bn so far this year, up 26% from the same period last year (US$100.2bn). IPOs in the technology sector total US$8.5bn so far during 2013, down 64% from this time last year (US$23.4bn, bolstered by US$16.0bn Facebook IPO).
Goldman Sachs, tops the list of global IPO bookrunners this year with 10.4% market share, followed by JP Morgan with 8.1%.
IPOs from US companies account for 36% of this year’s global activity, while European companies account for 20%.