Global IPO market went from record-breaking to full-on abating, says EY

After a record-breaking 2021, the global initial public offering (IPO) market took a sharp turn in the opposite direction in 2022, EY said on Monday. With only 1,333 IPOs raising $179.5 billion, IPO activity dipped 45 percent and 61 percent by number of deals and proceeds, respectively, year-over-year (YOY).