India a key driver in global IPO boom in the third quarter, says EY

547 IPOs the world over raised $106.3 bn in Q3 of CY2021, up 18% by deals than previous third-quarter record set in 2007 and 11% higher mop up than the last record setting third quarter in 2020

A rebound of initial public offer (IPO) markets in select regions, including India, helped the global IPO boom through Q3 2021, resulting in the most active third quarter by deal numbers and proceeds in the last 20 years.

"The key driver of activity in the third quarter was the rebound of IPO markets in Europe, Middle East, India and Africa (EMEIA). Particularly Europe, India and Tel Aviv exchanges, as well as IPO candidates racing to raise capital before expected tapering begins," said EY in a note.

According to EY, globally, there have been 547 IPOs raising $106.3billion in the third