Market volatility sees IPO activity come in under expectation

According to the report, between January and March, the global IPO market saw a 20% growth in value to $29.3bn (€25.74bn) compared to the same period in 2024. Picture: Michael M Santiago/Getty

Initial public offering (IPOs) across the globe were up in both value and volume terms during the first quarter of this year but “not to the extent that might have been forecasted” as IPO activity in Ireland remains “subdued”, a new report by consultancy firm EY shows.

According to the report, between January and March, the global IPO market saw a 20% growth in value to $29.3bn (€25.74bn) compared to the same period in 2024. In total, there were 291 IPOs across the globe during this period with the US experiencing the third-strongest first quarter performance in its history, with 59 listings.