The global IPO market continued its fast start of 2014 in the second quarter. Quarterly proceeds were up 42.4% year-over-year. IPO proceeds in the 2Q14 were led by the European and North American regions, which accounted for 43.7% and 34.9% of quarterly proceeds, respectively. European issuance maintained a rapid pace throughout the quarter as the region continued to recover from the European debt crisis and interest rates remain at record lows. Due to the disappearance of A-share IPOs and poor aftermarket performance in real estate and infrastructure IPOs, the Asia Pacific region’s market share contracted in the 2Q14 to just 20.2%. This quarter had the second highest number of billion-dollar IPOs in over three years from a diverse group of sizable companies. Despite weak performance from European IPOs, global IPOs generated an 11.4% average return thanks to the strong performance of North American IPOs. With IPOs outperforming the broader market and economic conditions improving in developed markets, we expect to see strong issuance continue for the remainder of 2014. 网页链接