Is the market slowing down?
Reading this article about the latest equity market. A couple data point that I found it shocking that I would like to share below.
- Global M&A activity hit $1.3 trillion in Q1 2021, up 93% from Q1 2020
- Deliveroo drags on the LSE at £3.31, down 15% on its £3.90 pricing; closes down 44% on debut at £2.87
- Tiger Global just closed one of the biggest venture funds ever, with $6.7 billion
- March alone saw over $280 million being deployed into tech companies operating across Africa
The numbers are certainly mixed. Seeing IPO market (deliveroo) underperforming, which seeing one of the Tiger closing the biggest venture fund. One positive takeaway that I am happy about is Africa continuing to thrive in growing the startup scene as it is on track to become one of the highest growth countries in the world along with India and South East Asia.