The global IPO market continued its recovery to end the first half of the year strongly, according to report by EY. There were a total of 588 deals rising around USD 117.7 billion in the first six months of the year, an increase of 60% and 67% respectively on the same period in 2013 and the highest amount of capital raised in the first half since 2007, the report said.

In Q214, there were 333 IPOs raising USD 70.7 billion, a 30.6% increase on the previous quarter and a rise of 62.4% compared to Q213 by deal numbers.

Maria Pinelli, EY's global vice chair of strategic growth markets said, "The IPO market is very strong across a number of regions and sectors and all the indicators are that this upward trend is sustainable. Pricing is now starting to come under pressure in some markets, suggesting that investors are displaying a savvy and commendable level of caution. They are not prepared to invest in deals that are over-valued, which means that now more than ever those companies which come to market at the right time with the right growth story will only attract investor interest if they are priced right."