IPOs in the Global Technology, Media, and Telecoms Sector - Market Review of 2018, 2019, and H1 2020 - Thematic Research

IPOs in the Global Technology, Media, and Telecoms Sector - Market Review of 2018, 2019, and H1 2020 - Thematic Research

Summary

A detailed presentation analyzing the key themes driving IPOs in the tech, media, and telecoms (TMT) sector. It includes a review of activity since January 2018 and insight into the impact of COVID-19 on the TMT IPO market.

Between 1 January 2018 and 30 June 2020, the four themes that generated the highest IPO returns for investors were cybersecurity, collaboration tools, big data, and cloud. By contrast, the themes behind the big IPO flops during this period were batteries, education technology (edtech), 3D printing, and blockchain.

Scope

  • This report provides an overview of initial public offering (IPO) activity in the global TMT market between 1 January 2018 and 30 June 2020.
  • I- t assesses the impact of COVID-19 on the TMT IPO market.
  • It identifies the top 10 themes driving TMT IPOs during the identified period. These include ecommerce, mobile, fintech, cloud, and the Internet of Things (IoT).
Reasons to Buy
  • Over the last two-and-a-half years, a clear trend has emerged in the IPO market for the TMT sector.
  • Mature technologies like ecommerce and mobile have been associated with the most successful capital raisings, while early stage technologies like electric vehicles, batteries, and 3D printing have been distinctly unsuccessful in attracting capital.
  • GlobalData has analyzed more than 500 TMT IPOs to identify those themes that are driving IPO returns.
  • In addition, this report highlights promising IPOs planned for the second half of 2020.


  • Four tech themes are driving the TMT IPO market
    • There is room in the market for IPOs driven by strong themes
  • TMT IPO market:
    • TMT IPO Market: Review of 2018, 2019, and H1 2020
    • 2018 was the year of megadeals
    • By volume, the US and China are the two largest TMT IPO markets
    • By value, the US and China are also the two largest markets
    • Ecommerce and mobile were the top themes driving IPOs in TMT
    • Together, ecommerce and mobile drove seven of the top 10 TMT IPOs since 2018
    • In the US, ecommerce and fintech were the big IPO drivers
    • In China, ecommerce and mobile were the big IPO drivers
    • Collaboration tools and cybersecurity generated highest returns
  • The impact of COVID-19 on the TMT IPO market
    • IPO proceeds and deal count fell sharply in Q1 2020
    • TMT IPO activity recovered sharply in June 2020
    • IPOs have been cancelled or delayed due to the pandemic
    • Tech valuations have outperformed most other sectors in 2020
    • Most TMT sectors are negatively impacted by COVID-19
    • IPOs in ecommerce, fintech and gaming are likely to succeed
      • Table Selection of TMT companies that have filed for IPO since 1 January 2020, with the most recent on top
    • Expect more IPOs in cloud, ecommerce and cybersecurity
  • Top 10 themes driving TMT IPOs
    • Ecommerce
    • Ecommerce: Top IPOs between 1 January 2018 and 30 June 2020
      • Table The table below summarizes the top IPO deals since 2018 driven by the ecommerce theme, with the most recent shown first.
    • Mobile
    • Mobile: Top IPOs between 1 January 2018 and 30 June 2020
      • Table The table below summarizes the top IPO deals since 2018 driven by the mobile theme, with the most recent shown first.
    • Fintech
    • Fintech: Top IPOs between 1 January 2018 and 30 June 2020
      • Table The table below summarizes the top IPO deals since 2018 driven by the fintech theme, with the most recent shown first.
    • Cloud
    • Cloud: Top IPOs between 1 January 2018 and 30 June 2020
      • Table The table below summarizes the top IPO deals since 2018 driven by the cloud theme, with the most recent shown first.
    • Internet of things (IoT)
    • Internet of Things: Top IPOs between 1 January 2018 and 30 June 2020
      • Table The table below summarizes the top IPO deals since 2018 driven by the IoT theme, with the most recent shown first.
    • Digital media
    • Digital media: Top IPOs between 1 January 2018 and 30 June 2020
      • Table The table below summarizes the top IPO deals since 2018 driven by the digital media theme, with the most recent shown first.
    • Gaming
    • Gaming: Top IPOs between 1 January 2018 and 30 June 2020
      • Table The table below summarizes the top IPO deals since 2018 driven by the gaming theme, with the most recent shown first.
    • Medtech
    • Medtech: Top IPOs between 1 January 2018 and 30 June 2020
      • Table The table below summarizes the top IPO deals since 2018 driven by the medtech theme, with the most recent shown first.
    • Collaboration tools
    • Collaboration tools: Top IPOs between 1 January 2018 and 30 June 2020
      • Table The table below summarizes the top IPO deals since 2018 driven by the collaboration tools theme, with the most recent shown first.
    • Cybersecurity
    • Cybersecurity: Top IPOs between 1 January 2018 and 30 June 2020
      • Table The table below summarizes the top IPO deals since 2018 driven by the gaming theme, with the most recent shown first.
  • Appendix 1: Methodology for IPO selection and theme tagging process
    • Summary of the TMT IPOs we reviewed
    • Theme tagging process
  • Appendix 2: Glossary
  • Appendix 3: Our thematic research methodology

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