The rapid globalisation of capital continues to propel global Initial Public Offer (IPO) markets forward with powerful momentum, says ‘Globalisation,’ the fourth annual Global IPO Report by Ernst & Young released here on Wednesday.
Equity markets fuelled worldwide IPO activity in 2006 with the greatest amount of capital raised, a record $ 246 billion raised through 1,729 deals. Greater China’s IPO markets in 2007 reached $ 56.6 billion in 1754 offerings.
The strength of India’s economy, stock market, corporate profits, energy sector, and private equity have fuelled IPOs in 2006 and 2007 with India’s markets raising $ 7.23 billion, through 78 IPOs in 2006.  
The report identifies key IPO trends of the last 18 months that reflect the effects of globalisation: flourishing stock markets flooded in liquidity, vibrant growth in the emerging markets, escalating rivalry between the world’s stock exchanges, the boom in large listings on local exchanges, and the proliferation of alternative financing options, especially private equity’s emergence as a key player behind so many large IPOs.

India Key Trends
India’s IPO market has been fairly broad-based in terms of transaction, although energy companies dominated with more than 50 per cent share of funds raised. India’s increasing number of larger deals has been driven by the growth of Indian corporations and their need for additional capital for  acquisitions.
Also continued strength is expected in Indian IPOs in the real estate and energy sector.  This trend is evidenced by the several billion-dollar IPOs hosted by Indian exchanges.