Worldwide public listings are on track to register their best year since 2007, the latest global IPO (initial public offer) trends report from Ernst Young showed Wednesday.
The number of IPOs seen so far this year has already surpassed the full-year figures for 2016, with 1,156 public listings done – an increase of 59 percent by number compared to a year ago. So far, IPOs have raised $126.9 billion, 55 percent more than at the same time last year.
Martin Steinbach, global IPO leader at EY, told CNBC Wednesday: "It's a very good IPO year for the market." The consultancy group foresees between 1,600 and 1,700 IPOs until the end of the year.
He added in a statement that with relative low volatility and valuations at high levels, he sees a year-end rally in the last quarter of 2017.
The largest IPO in the third quarter of this year took place in Switzerland, the listing of Landis+Gyr Holding AG, which rose $2.4 billion in July. However, the U.K. and India were the top regions for IPO deals in the European, Middle East and Africa area, with London raising $1.7 billion.