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US: Huge issues with IPO and other stuff
  • The volume of issuance of high-yield bonds (HY bonds) in the United States amounted to 1.8 billion dollars in July - this is the minimum level since January 2009 in monetary terms and the lowest issue volume in 25 years (since the start of statistics) in terms of total debt - at least 2 trillion Doll. Since February 2022 to July 2022, only 48 billion were issued, compared to 273 billion in 2021 and 191 billion in 2020.

    From February to July 2021, IPO volume amounted to 89 billion, and in 2020 - 29.5 billion. This is the worst half-year in the modern history of the market.

    IPO statistics have been tracked since 1988, this has never happened before, when compared with the capacity of the financial system and the capitalization of companies. From 2000 to 2007, the volume of primary and secondary placements averaged 1.35% of market capitalization, from 2010 to 2019 already 1%, and every year the ratio fell, reaching 0.63% in 2019.

    In 2020 and 2021, there was an IPO/SPO boom of $390 billion and $437 billion, respectively, which is almost twice as high as in 2015-2019 (224 billion), but this was only 1% and 0.8% of capitalization, because. the market has not grown adequately.

    In 2022 (Jan-July) IPO and SPO is 57.7 billion compared to 284 billion in 2021 and 213 billion in 2020, which is 3-4 times lower than the norm.