Amid a flurry of company flotations on stock markets across the world, investors may be struggling to catch their breath as "deal fatigue" sets in, analysts told CNBC.
The global initial public offering (IPO) market is off to a stellar start in 2014, with 239 deals done globally in the first quarter, a 47 percent jump from the same time last year, according to consultants EY. The activity has been buoyed by an improving economic picture and returning confidence in capital markets that was lost during the global financial crisis.
But with the mass of companies going public, investors are feeling weary, Edward Bibko, head of capital markets for EMEA at Baker & McKenzie said.
"I think that the window is really narrowing, rather than closing. It doesn't feel like we're retreating to 2012 levels, but certainly investors are becoming a lot more selective and they tend to favor more established companies as opposed to mid-cap or new entrants to the market right now," Bibko told CNBC in a TV interview.
"This quarter has been the best quarter for IPOs since 2011, and prices peaked in March so I think it's really just coming off the boil."
New York has led the way with 25 deals raising $8.6 billion in the first quarter of 2014, followed by Hong Kong and London, which raised $5 billion and $4.6 billion respectively, according to EY.