Ngo-2020, izinkampani ezenze i-IPO zithole imali eningi kunanoma yimuphi omunye unyaka, ngaphandle kwerekhodi 2007, ukukhula okunamandla kwemakethe yamasheya ngemuva kokudonswa kwamasheya angewona umphakathi nezinkampani ezikhethekile (i-SPAC ) Yakhelwe ukudonsa ezinye izinkampani ezihehayo ngezimali ze-IPO.
Ngokusho kwe-Refinitiv, izinkampani ezizungeze umhlaba ziye zaheha cishe ama- $ 300 billion ngesikhathi se-IPO, kufaka phakathi irekhodi lama- $ 159 billion e-United States. Le Boom ifaka ama-debuts ezinkampani eziphakeme kakhulu zezobuchwepheshe eziphakeme njengensizakalo yokulethwa kwe-doordash kanye ne-airbnb Service Short-Isikhathi sokuqasha, kanye nezinhlu ze-SPAC ezifuna ukuthenga amasheya ezinye izinkampani futhi azihoxise ngokushesha emakethe yamasheya.
Ngemuva kokuwa ngoMashi, imakethe yesitoko yase-US yaphinde yaphinde yaqopha ama-Heights, futhi abatshalizimali bathenge ngokuzithandela amasheya obuchwepheshe, isidingo semikhiqizo kanye nezinsizakalo zazo zithuthele emsebenzini wakhe futhi zaqala ukusetshenziswa ezinye izinsizakalo zedijithali. Kwakha umhlabathi omuhle ukuphuma ekushintsheni kwesitoko kwalezi zinkampani njenge-snowflake noma i-Unity Software Computing computer umhlinzeki okhiqiza isoftware yonjiniyela wevidiyo. "Ukwabelana kwezinkampani eziwine amashifu okwenzekile okufunwa okumangalisayo kusuka kubatshalizimali abahlukahlukene," kusho uDavid Ludwig, inhloko yeGoldman Sachs IMark Markets Mnyango. Ikakhulu banentshisekelo kumasheya wezinkampani emkhakheni wezobuchwepheshe obuphakeme, umuthi kanye nokusebenzisa, uyaphawula.
Abatshalizimali bafinyelela esiphethweni sokuthi iCoronavirus bayoba nemiphumela yesikhathi eside, ikakhulukazi izinkampani zezobuchwepheshe, kusho uJeffrey Banzel, inhloko yezimakethe ezinkulu ze-Deutsche Bank Albang. "Iqiniso ukuthi lezi zinkampani zibaluleke kakhulu emhlabeni. Abanye abasazizwa bekhululekile, bedla endlini, futhi bazoqhubeka noku-oda ukulethwa kokudla, "kusho yena.
Kuthathwe ngama- $ 76 billion aqoqwe ngohlu lwe-SPAC, osayizi be-IPO e-United States nase-Asia bakhuphuke ngaphezu kwama-70% uma kuqhathaniswa nonyaka ka-70% uma kuqhathaniswa nonyaka wendawo yokuhlala eYurophu, kunalokho, bekuphansi. Uma kuqhathaniswa nonyaka ka-2019, kwawa ngo-10% kuya ku- $ 20.3 billion (lokhu cishe ingxenye yesikhombi sika-2018).
Umholi wezwe ezimalini ezikhangayo kwakungu-opharetha wesitimela esiphakeme seBeijing-Shanghai ($ 4,4 billion), edlula, isithwathwa ($ 3.8 billion) kanye ne-AirBNB ($ 3.8 billion). Ukutshalwa kwezimali ePopos yase-Asia, owenza ama- $ 73,4 billion, kungaba phezulu kakhulu uma inkampani ye-Ant Group Financial bekungeke iyeke ngama- $ 37 billion ngemuva kokuthola izimangalo ezivela kubaphathi abalawulayo baseChina.
Futhi kwandise inani lezincwadi ze-SPAC. Kusukela ngo-Agasti, inani lePosipos yabo selidlulile isibalo sezindawo zokuhlala ezijwayelekile e-United States (ngokwesibonelo, ngoDisemba 39 ngokumelene nama-21). Kulindeleke ukuthi ngo-2021 IPO izobamba izinkampani ezintsha zalolu hlobo. Ekupheleni kukaDisemba, amadokhumenti afakwe eSoftbank afakwe eSoftbank e-IPO ye-SPAC yakhe ku-NASDAQ. Amabhange nabatshalizimali njengamanje balandelwa ukuthi ngabe le nto izosabalala ngaphandle kwase-United States, uJames Palmer, ekhanda lomnyango wezimakethe ezihlangene e-Europe ebhange laseMelika, uzosakazeka.
Abanye abatshalizimali baqala ukukhathazeka ngokubonakala kwezimpawu ze-bubble, ezivezwa kufaka phakathi izingcaphuno ezibukhali ngosuku lokuqala lokuhweba ngemuva kokubekwa ngemuva kokubekwa ngemuva kokubekwa, njengoba bekungu-2000 no-2007. E-AirBNB, ngokwesibonelo, bagxuma ngo-112%. Kodwa-ke, uJohn Leonard, umqondisi we-Global Stock Markets Macquarie Asset Management, ukholelwa ukuthi, yize inani elilinganiselayo futhi lilinganise, manje lihlotshaniswa nomoya onamandla wemali engenayo. "Abantu abazami ukuhlola inkampani kuphela emalini engenayo ngokuchofoza noma ngombukiso," kusho yena.
Kuhunyushwe uVictor Davydov