Global IPO market activity slowed in the third quarter of this year compared with previous frenzy, but the number of listings in the first three quarters of this year was still the highest since the dotcom bubble in 2000, according to data released by Refinitiv on Thursday.

Global IPO financing totaled about $94.6 billion in the third quarter of this year, down 26.3 per cent from the second quarter.

In the first three quarters of this year, the number of global IPO exceeded 2000, the highest level since 2000, and the amount of financing reached a record $421 billion, more than double that of the same period last year.

Of these, the number of IPO through special purpose acquisitions (SPAC) reached 486, with a total financing of US $127.7 billion.

High-profile IPO in the third quarter included US stock trading platform Robinhood Markets, which raised $2.1 billion in New York, and South Korean software company Krafton's IPO, which raised more than $3.7 billion on the Korean Stock Exchange.