Reasons for this include historically low interest rates as well as the growth in the number of startups in Brazil in recent years. The size of IPOs completed on the B3 stock exchange in Brazil jumped in 2020 and has remained high since. and China, there are also up and coming markets such as Brazil and Africa. close above IPO price on their first day of trading.Īside from the major IPO markets such as the U.S. Debuting on a stock exchange allows these highly valued companies access to capital to fuel their growth and can also give their early investors a return on their investment. dollars - based in the United States and Greater China. This can be attributed to the sheer size of the stock exchanges located in these cities, as well as the density of unicorns - private companies worth at least one billion U.S. New York, Shanghai, Hong Kong, and Shenzhen are hubs of IPO activity both in terms of IPO volume and the size of IPOs.