Global IPO Report - July 2018

We are pleased to present this Global IPO Report detailing new listing activity involving Bermuda, BVI and Cayman Islands public companies listed on stock exchanges around the world during H1 2018.

In the first half of 2018, Bermuda, BVI and Cayman companies performed well on the world's major exchanges, with a total of 112 IPOs launched. A number of mega deals were recorded globally. Of particular note was Cayman company PagSeguro Digital Ltd., with its US$2.3 billion IPO - the second largest deal in Q1.

Bermuda also had a successful start to 2018 with the split-off and subsequent launch and listing of Liberty Latin America on the Nasdaq Global Select Market and OTC Market. And BVI finished 2017 on a high note, despite the tremendous challenges brought by a series of devastating natural disasters. A number of landmark transactions closed in 2017, including Despegar's IPO which closed on the day Category 5 Hurricane Irma hit the islands. The deal resulted in