International mergers and acquisitions law firm Baker & McKenzie and Oxford Economics recently released its Global Transactions Forecast. Included this year is a special initial public offering forecast, which also ranked individual countries for their “current environment” for IPOs and M&A activity using a “Transaction Attractiveness Indicator.”
This story first appeared in the July 15, 2015 issue of WWD. Subscribe Today.
The indicator score is on a scale of 0 to 10 and is weighted, and uses several financial, regulatory and economic factors and metrics that influence M&A and IPO activity. The measures of the indicator include political stability, ease of doing business, openness to trade, sovereign credit risk, legal structure and economic growth, among others.
Surprisingly — or perhaps, not — was that the United States made the list, but did not garner a high spot. That honor goes to Hong Kong.