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More IPOs needed to develop capital market

Stock exchanges across the globe have over 43,000 listed companies. The country with the highest number of listed companies in the world is India: 5,615. 
 

Vishal Bhargava (The Jakarta Post)
Premium
Mumbai
Mon, June 11, 2018

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More IPOs needed to develop capital market Stock exchanges across the globe have over 43,000 listed companies. The country with the highest number of listed companies in the world is India: 5,615.  (Shutterstock/File)

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tock exchanges across the globe have over 43,000 listed companies. Like with every statistic, few exchanges have a disproportionate influence and most are largely non-existent. Cambodia has only five companies listed on its exchange. Indonesia has almost 550 companies listed on the stock exchange. The country with the highest number of listed companies in the world is India: 5,615. 

The United States is behind India with just around 4,300 companies listed on the exchanges. The number of listed companies, however, is no indicator of the quality and size of a particular market. The three giants in the US — Amazon, Apple and Alphabet, with a combined market capitalization of US$2.3 trillion-exceed the market capitalization of the entire Indian market. Apple’s market value alone is double the entire market capitalization of the Indonesia Stock Exchange (IDX). 

Similarly, there is little comparison in depth of markets in the US with markets in India or China wherein large transactions occur with minimal impact cost. 

There is a reason that the US is falling well behind India in the quantum of listed entities. Delisting of stocks in developed markets has accelerated over the past two decades on account of regulatory supervision as well as hectic M&A activity. 

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