This edition of the Bermuda Public Companies Update summarises
significant transactions involving Bermuda companies listed on the
New York Stock Exchange (NYSE) and Nasdaq in the first half of
2024.
Global Market Update
The first half of 2024 saw an overall 12% decrease in IPO
activity, with a total of 551 listings across global exchanges.
Capital raised fell by 16% to US$52.2 billion. While the Americas
and EMEIA regions are enjoying steady growth, the Asia-Pacific
region continues to experience sluggish IPO activity in the face of
ongoing geopolitical tensions, higher interest rates, and reduced
market liquidity – all of which have increased investor
caution. Overall, the mood remains cautiously optimistic, with
indications of a potential positive shift for the remaining half of
the year balanced by the likely realities of the market's
response to evolving global and economic conditions.