
Publication
Navigating the IPO: The road to going public
Taking your company public is an important milestone, and whilst the landscape for IPOs is complex and dynamic, choosing the right path is essential.
Global | Publication | February 2023
Resilient dealmakers have emerged from the challenges of the last two years ready to take advantage of a public M&A market ripe with opportunity in the second half of 2023.
Market participants have shown remarkable optimism in the face of the most significant changes to underlying economic conditions in 2021 and 2022 since the global financial crisis.
If inflation is tamed in Australia without significant economic contraction, we expect more buoyant market conditions in the second half of the year to be accompanied by higher public M&A deal volumes. The opposite is at risk if high inflation and interest rates persist for longer than expected.
Some of our key predictions for how 2023 might unfold are outlined below.
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For reasons that dealmakers in the market are intimately familiar with, 2022 saw a noticeable decrease in the number of public M&A deals announced in Australia compared with the frenzy of 2021.
While large public M&A contracted, average deal value remained steady at just over AU$1 billion which was surprisingly strong given the year’s volatility.
Another stand out during 2022 were fewer instances of failed deals (4%, compared to 8% and 10% in the previous two years), while the percentage of actively withdrawn deals increased to 17% (from 10% and 13% in the previous 2 years). These figures support the trend amongst bidders for greater certainty in the outcome of their transactions.
Click here to read more detailed summary of 2022 deal trends.
Inbound investment
Publication
Taking your company public is an important milestone, and whilst the landscape for IPOs is complex and dynamic, choosing the right path is essential.
Publication
Thailand has signalled that carbon capture and storage (CCS) will be integral to its decarbonisation pathway and it is now moving towards a clearer regulatory environment.
Publication
The French legal system is set to become more attractive with the introduction of a new category of legal instruments called “titre transférable” (transferable document) designed to facilitate and accelerate the digitalisation of trade finance transactions.
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