Market Insights Financial Corporate Finance

Initial Public Offerings - Ivory Coast

Ivory Coast

The transaction value in the Initial Public Offerings market is projected to reach US$0.36bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2025) of -2.78% resulting in a projected total amount of US$0.35bn by 2025.
The average transaction value in the Initial Public Offerings market amounts to US$89.62m in 2024.
From a global comparison perspective, it is shown that the highest transaction value is reached in China (US$63,330.00m in 2024).

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Analyst Opinion

The Initial Public Offerings market in Ivory Coast is experiencing a significant growth trajectory.

Customer preferences: Investors in Ivory Coast are increasingly showing a preference for local companies going public, as they seek to support homegrown businesses and participate in their growth. Additionally, there is a growing interest in sectors such as technology, telecommunications, and renewable energy, reflecting the global trend towards sustainable and innovative industries.

Trends in the market: One notable trend in the Ivory Coast IPO market is the rise of small and medium-sized enterprises (SMEs) opting to go public to access capital for expansion and development. This trend is driven by the need for funding opportunities beyond traditional banking channels. Moreover, there is a surge in cross-border IPOs involving Ivorian companies, indicating a broader international investor interest in the country's market.

Local special circumstances: Ivory Coast's IPO market is influenced by its stable economic growth and political environment, which instills confidence in both local and foreign investors. The government's efforts to improve transparency and regulatory frameworks have also contributed to making the market more attractive for IPOs. Additionally, the country's strategic geographic location and membership in regional economic blocs enhance its position as a hub for IPO activities in West Africa.

Underlying macroeconomic factors: The macroeconomic landscape in Ivory Coast, characterized by steady GDP growth and increasing foreign direct investment, provides a favorable backdrop for the development of the IPO market. The country's young and growing population, coupled with rising disposable incomes, creates a conducive environment for companies looking to go public and attract investment. Furthermore, initiatives to enhance infrastructure and promote business-friendly policies support the overall growth of the IPO market in Ivory Coast.

Methodology

Data coverage:

Figures are based on the revenue generated by the Investment Banking market, as well as the transaction value, the number of transactions, and the average transactions size of the Mergers and Acquisitions (M&As) and Initial Public Offerings (IPOs) markets.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach and are based on a specific rationale for each market. As a basis for evaluating markets, we use market research and analysis, as well as data from annual financial reports. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus, such as GDP, wealth per capita, and total investment (% of GDP). This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita and total investment (% of GDP).

Additional Notes:

The market is updated twice per year in the event that market dynamics change.