IPOs lag behind soaring markets, with only a few listings in 2024. The trend is attributed to privatised companies not having the scale to appeal to investors. In contrast, US companies have been able to grow into behemoths, making them more attractive. Even China has seen significant IPOs due to its vast market. However, recent crackdowns on sectors like tech and education in China have created uncertainty.

Source: https://www.ft.com/content/c8329b98-0cc4-4712-856b-947432cfa1fa