NEW
YORK, Oct. 29, 2024 /PRNewswire/ -- Trends for
global M&A and IPO activity continue to diverge, according to
S&P Global Market Intelligence's newly released Q3 2024
Global M&A and Equity Offerings Report. The number of
global M&A deal announcements increased for the second
consecutive quarter, while global equity issuance slowed
significantly in the third quarter.
The number of global M&A announcements ticked up slightly,
0.36% quarter-over-quarter in the third quarter, but the increase
marked the second consecutive quarter of quarterly growth for the
first time since the third and fourth quarters of 2020. On a
year-over-year basis, global M&A announcements increased 7.3%,
ending a streak of 10-straight quarters of global announcements
decreasing.
"Signs of recovery continue to dot the dealmaking landscape, and
additional positive indicators in the fourth quarter should create
a substantial amount of optimism for 2025 as further rate
reductions from the Federal Reserve tend to lower the cost of
acquisition financing," said Joe
Mantone, lead author of the report at S&P Global Market
Intelligence. "However, after a strong start to the third
quarter, equity issuance was sidetracked after a spike in
volatility, and issuers have been slow to return. Even if
volatility is more subdued in the fourth quarter, the calendar
presents some near-term challenges for IPO pipelines with deals
expected to pause around the US elections and year-end holidays. A
lack of fourth-quarter IPOs would only add to pent-up demand for
the transactions."
Key highlights from the Q3 2024 Global M&A and Equity
Offerings Report include:
- Stock market volatility led to the total value of equity
issuance falling nearly 33% to $65.63
billion from second quarter levels and nearly 21% from the
year-ago period.
- Global equity issuance volume fell to 788, down 241 from the
second quarter of 2024 and down 198 from the third quarter of
2023.
- The number of global M&A announcements increased quarter
over quarter for the second straight period, the first time that
has happened since the third and fourth quarters of 2020.
- The total value of global M&A deals increased 29.1% year
over year to $708.74 billion in the
third quarter.
The quarterly report provides an overview of global M&A and
equity issuance trends, offering insights into the sectors and
geographies that are seeing the most activity. It also focuses on
deals with the highest valuations and strategies larger players
pursue that underscore trends occurring throughout an industry.
S&P Global Market Intelligence has produced the quarterly,
global M&A and equity offering report since the first quarter
of 2018.
To request a copy of the Q3 2024 Global M&A and Equity
Offerings Report, please contact press.mi@spglobal.com.
S&P Global Market Intelligence's opinions, quotes, and
credit-related and other analyses are statements of opinion as of
the date they are expressed and not statements of fact or
recommendation to purchase, hold, or sell any securities or to make
any investment decisions, and do not address the suitability of any
security.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the
importance of accurate, deep and insightful information. Our team
of experts delivers unrivaled insights and leading data and
technology solutions, partnering with customers to expand their
perspective, operate with confidence, and make decisions with
conviction.
S&P Global Market Intelligence is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information, visit
www.spglobal.com/marketintelligence.
Media Contact
Kate Smith
S&P Global Market Intelligence
+1 781 301 9311
Katherine.smith@spglobal.com or
press.mi@spglobal.com
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SOURCE S&P Global Market Intelligence