P\u0113c vair\u0101kiem satricin\u0101jumiem, ko rad\u012bja ASV tirdzniec\u012bbas tarifu politika un nenoteikt\u012bba par b\u0101zes procentu likm\u0113m, glob\u0101lais s\u0101kotn\u0113jo publisko pied\u0101v\u0101jumu (IPO) tirgus atg\u016bstas. 2025. gada tre\u0161aj\u0101 ceturksn\u012b galvenajos pasaules tirgos atkal v\u0113rojams izaugsmes temps un investoru aktivit\u0101te, liecina profesion\u0101lo pakalpojumu uz\u0146\u0113muma EY jaun\u0101kais starptautiskais p\u0101rskats par IPO tirgu.<\/p>\n
\u201c\u0160\u012b gada otraj\u0101 pus\u0113 IPO aktivit\u0101tes atdz\u012bvo\u0161an\u0101s visredzam\u0101k\u0101 ir ASV, Indij\u0101 un \u0136\u012bn\u0101. \u0160ajos tirgos b\u016btiski augu\u0161i gan dar\u012bjumu apjomi, gan bir\u017eu indeksi,\u201d nor\u0101da EY Baltijas Strat\u0113\u0123ijas un dar\u012bjumu konsult\u0101ciju partneris Guntars Krols.<\/p>\n
Vi\u0146\u0161 uzsver, ka \u0161\u012bs pozit\u012bv\u0101s izmai\u0146as galvenok\u0101rt veicin\u0101jusi atvieglota monet\u0101r\u0101 politika un uz\u0146\u0113mumu sp\u0113ja saglab\u0101t stabilu un prognoz\u0113jamu pe\u013c\u0146u, neraugoties uz tirgus sv\u0101rst\u012bb\u0101m.\u201cEY CEO Confidence Index \u0161obr\u012bd ir 83 %, kas liecina \u2013 uz\u0146\u0113m\u0113ji k\u013c\u016bst drosm\u012bg\u0101ki un gatav\u0101ki publiskajam pied\u0101v\u0101jumam. Ar\u012b Eiropas tirgos, tostarp London\u0101 un Zieme\u013ceirop\u0101, aktivit\u0101te pieaug, ta\u010du ar piesardz\u012bg\u0101ku akciju nov\u0113rt\u0113jumu,\u201d koment\u0113 EY eksperts.<\/p>\n
Vienlaikus investori k\u013cuvu\u0161i pras\u012bg\u0101ki pret uz\u0146\u0113mumu finan\u0161u r\u0101d\u012bt\u0101jiem, p\u0101rvald\u012bbas strukt\u016bru un sp\u0113ju sagatavoties bir\u017eas debijai. Vi\u0146i sagaida skaidru redz\u0113jumu par to, k\u0101 uz\u0146\u0113mums pl\u0101no un nodro\u0161ina rentabilit\u0101ti, p\u0101rvald\u012bbas caursp\u012bd\u012bgumu un ilgtermi\u0146a v\u0113rt\u012bbas rad\u012b\u0161anu. Uz\u0146\u0113mumiem, kas izv\u0113las IPO ce\u013cu, j\u0101sp\u0113j pamatot strat\u0113\u0123iju, kas saskan ar investoru skat\u012bjumu uz ilgtsp\u0113j\u012bgu izaugsmi tirg\u016b, kuru arvien vair\u0101k ietekm\u0113 makroekonomisk\u0101s p\u0101rmai\u0146as, \u0123eopolitiskie faktori un m\u0101ksl\u012bg\u0101 intelekta att\u012bst\u012bba.<\/p>\n
Vair\u0101ki miljardu dol\u0101ru dar\u012bjumi <\/p>\n
Saska\u0146\u0101 ar EY datiem, dar\u012bjumu skaits 2025. gada 3. ceturksn\u012b pieaudzis par 19 %, bet piesaist\u012bt\u0101 kapit\u0101la apjoms par 89 % sal\u012bdzin\u0101jum\u0101 ar pag\u0101ju\u0161o gadu. L\u012bderpoz\u012bcijas saglab\u0101 ASV, kur notiku\u0161i pieci IPO virs viena miljarda ASV dol\u0101ru. Liel\u0101kais no tiem \u2013 gandr\u012bz 1,58 miljardi ASV dol\u0101ru \u2013 bija Zviedrijas finan\u0161u tehnolo\u0123ijas uz\u0146\u0113muma Klarna debija \u0145ujorkas bir\u017e\u0101 septembr\u012b.Tikm\u0113r \u0136\u012bnas tirg\u016b notiku\u0161i divi no \u0161\u012b gada apjom\u012bg\u0101kajiem dar\u012bjumiem \u2013 kalnr\u016bpniec\u012bbas un metalur\u0123ijas uz\u0146\u0113mums Zijin Gold International Honkongas bir\u017e\u0101 piesaist\u012bja 3,18 miljardus ASV dol\u0101ru, savuk\u0101rt ener\u0123\u0113tikas uz\u0146\u0113mums Huadian New Energy Group j\u016blij\u0101 \u0160anhajas bir\u017e\u0101 \u2013 2,2 miljardus ASV dol\u0101ru. Savuk\u0101rt Indijas tirgus piedz\u012bvojis iespaid\u012bg\u0101ko izr\u0101vienu \u2013 IPO skaits tr\u012bsk\u0101r\u0161ojies, sasniedzot 146 IPO, bet piesaist\u012bt\u0101 kapit\u0101la apjoms p\u0101rsniedzis 7,2 miljardus ASV dol\u0101ru.<\/p>\n
Kopum\u0101 2025. gada tre\u0161aj\u0101 ceturksn\u012b notiku\u0161i 370 IPO, kas ir nedaudz virs p\u0113d\u0113jo desmit gadu vid\u0113j\u0101 r\u0101d\u012bt\u0101ja (363 dar\u012bjumi). Kop\u0113jais \u0161aj\u0101 period\u0101 piesaist\u012btais kapit\u0101ls sasniedza 48,18 miljardus ASV dol\u0101ru, no kuriem 3,43 miljardi dol\u0101ru ieg\u016bti Eiropas bir\u017e\u0101s. Pirmajos devi\u0146os \u0161\u012b gada m\u0113ne\u0161os kopum\u0101 re\u0123istr\u0113ti 914 IPO, kas \u013c\u0101vu\u0161i uz\u0146\u0113mumiem piesaist\u012bt vair\u0101k nek\u0101 110 miljardus ASV dol\u0101ru \u2013 tas ir par 41 % vair\u0101k nek\u0101 attiec\u012bgaj\u0101 period\u0101 p\u0113rn, liecinot par b\u016btisku tirgus aktivit\u0101tes pieaugumu un atgrie\u0161anos pie izaugsmes tendenc\u0113m.<\/p>\n
Priv\u0101t\u0101 kapit\u0101la fondi atkal raug\u0101s IPO virzien\u0101<\/p>\n
EY p\u0101rskat\u0101 nor\u0101d\u012bts, ka IPO ce\u013c\u0161 atkal k\u013c\u016bst pievilc\u012bg\u0101ks ar\u012b priv\u0101t\u0101 kapit\u0101la fondiem. Lai gan tie joproj\u0101m bie\u017ei izv\u0113las uz\u0146\u0113mumu p\u0101rdo\u0161anu vai apvieno\u0161anos (M&A), uzlabojoties kapit\u0101la tirgu noska\u0146ojumam, publiskais pied\u0101v\u0101jums arvien bie\u017e\u0101k tiek izv\u0113l\u0113ts k\u0101 alternat\u012bva citiem invest\u012bciju veidiem.<\/p>\n
Priv\u0101t\u0101 kapit\u0101la atbalst\u012btu uz\u0146\u0113mumu IPO skaits vair\u0101k nek\u0101 dubultojies, \u012bpa\u0161i ASV, \u0136\u012bn\u0101 un Zieme\u013ceirop\u0101. Tas apliecina, ka investori vair\u0101k nov\u0113rt\u0113 caursp\u012bd\u012bgumu, ilgtermi\u0146a dom\u0101\u0161anu un inov\u0101cijas, jo \u012bpa\u0161i \u2013 uz\u0146\u0113mumos, kas akt\u012bvi ievie\u0161 m\u0101ksl\u012bgo intelektu un digit\u0101lo transform\u0101ciju.Visakt\u012bv\u0101k\u0101 IPO sektor\u0101 joproj\u0101m ir tehnolo\u0123iju nozare, kas veido 52 % no visiem ASV un 35 % no Eiropas dar\u012bjumiem. Tam seko nekustam\u0101 \u012bpa\u0161uma, b\u016bvniec\u012bbas un viesm\u012bl\u012bbas sektors (32 % Eirop\u0101), k\u0101 ar\u012b ra\u017eo\u0161anas un banku sektors.<\/p>\n
Tirgus reformas un uzsvars uz uz\u0146\u0113mumu stabilit\u0101ti un piel\u0101go\u0161an\u0101s sp\u0113ju<\/p>\n
\u201cBir\u017eu operatori \u0161obr\u012bd \u012bsteno reformas, lai palielin\u0101tu savu konkur\u0113tsp\u0113ju un piesaist\u012btu inovat\u012bvus uz\u0146\u0113mumus. Vienk\u0101r\u0161ojot kot\u0101cijas un re\u0123istr\u0101cijas procesus, tie cen\u0161as veicin\u0101t jaunu tehnolo\u0123iju uz\u0146\u0113mumu ien\u0101k\u0161anu tirg\u016b \u2013 \u0161\u012b sektora potenci\u0101ls joproj\u0101m ir milz\u012bgs,\u201d nor\u0101da EY partneris Baltij\u0101 Guntars Krols. Vienlaikus uzraugo\u0161\u0101s iest\u0101des pastiprina investoru aizsardz\u012bbas pras\u012bbas, lai stiprin\u0101tu uztic\u0113\u0161anos kapit\u0101la tirgiem. \u201c\u0160obr\u012bd notiek akt\u012bva regul\u0113juma mode\u013cu att\u012bst\u012bba un l\u012bdzsvara mekl\u0113jumi starp tirgus pieejam\u012bbu un dro\u0161\u012bbu,\u201d vi\u0146\u0161 skaidro.G. Krols piebilst, ka, neskatoties uz pozit\u012bvaj\u0101m tendenc\u0113m, tirgus noska\u0146ojumu joproj\u0101m ietekm\u0113 politisk\u0101 nenoteikt\u012bba un domstarp\u012bbas par tirdzniec\u012bbas tarifiem. T\u0101p\u0113c investori arvien vair\u0101k mekl\u0113 uz\u0146\u0113mumus ar stabilu un elast\u012bgu biznesa modeli, kas sp\u0113j iztur\u0113t tirgus sv\u0101rst\u012bbas un nodro\u0161in\u0101t ilgtsp\u0113j\u012bgu izaugsmi.<\/p>\n
\u201cSp\u0113ja saglab\u0101t stabilit\u0101ti un piel\u0101goties p\u0101rmai\u0146\u0101m k\u013cuvusi par vienu no galvenajiem krit\u0113rijiem, izv\u0113rt\u0113jot uz\u0146\u0113mumu gatav\u012bbu IPO,\u201d vi\u0146\u0161 uzsver. Taj\u0101 pa\u0161\u0101 laik\u0101 gatavo\u0161an\u0101s bir\u017eas debijai bie\u017ei noz\u012bm\u0113 uz\u0146\u0113muma piln\u012bgu transform\u0101ciju \u2013 j\u0101piel\u0101go procesi, sist\u0113mas, iek\u0161\u0113j\u0101 kult\u016bra un darbinieku iesaiste. T\u0101p\u0113c ir svar\u012bgi savlaic\u012bgi pl\u0101not un sagatavoties, jo IPO iesp\u0113ju \u201clogi\u201d m\u016bsdien\u0101s ir \u012bs\u0101ki un gr\u016bt\u0101k prognoz\u0113jami nek\u0101 2021. vai 2020. gad\u0101, kad tirgus aktivit\u0101te sasniedza rekordl\u012bmeni.<\/p>\n","protected":false},"excerpt":{"rendered":"P\u0113c vair\u0101kiem satricin\u0101jumiem, ko rad\u012bja ASV tirdzniec\u012bbas tarifu politika un nenoteikt\u012bba par b\u0101zes procentu likm\u0113m, glob\u0101lais s\u0101kotn\u0113jo publisko…\n","protected":false},"author":2,"featured_media":41444,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[869,77,870,76,867,35,39,38,36,37,34,871,868,40,21],"class_list":{"0":"post-41443","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bizness","8":"tag-biznesa-zinas","9":"tag-bizness","10":"tag-bizness-latvija","11":"tag-business","12":"tag-dienas-zinas","13":"tag-latvia","14":"tag-latvian","15":"tag-latviesu","16":"tag-latviesu-valoda","17":"tag-latviesuvaloda","18":"tag-latvija","19":"tag-latvijas-biznesa-zinas","20":"tag-latvijas-zinas","21":"tag-lv","22":"tag-zinas"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@lv\/115501993997280682","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts\/41443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/comments?post=41443"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts\/41443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/media\/41444"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/media?parent=41443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/categories?post=41443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/tags?post=41443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}