The IR Magazine Global Roadshow Report 2023 examines how IR teams are organizing their in-person events, the long-term impact of virtual roadshows and whether issuers still rely on brokers to the same extent to help plan their travels. It also gauges how satisfied IROs are with both in-person and virtual events, and what they see as the most effective routes to market for new pools of investment.
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Key findings
- Companies are returning to roadshows in the years following the Covid-19 pandemic, but the numbers holding such an event are still lower than they were in 2019.
- In the 12 months from Q3 2022 to Q3 2023, more than eight in 10 companies (84 percent) held a roadshow of some sort.
- IR teams spent longer on the road and gained more attendance from senior management in 2023 than in the previous year. Companies holding in-person roadshows appeared to lean more heavily on brokers once again.
- Virtual roadshows are forming a smaller part of companies’ plans, with half of all companies holding a mix of in-person and virtual events and just 8 percent sticking to virtual-only.
- As travel has opened up post-pandemic, IROs appear much more satisfied with in-person roadshows than virtual roadshows.
- While the top brokers for North American companies have remained the same, those preferred by European and Asian firms have changed since last year.
- Companies have returned to Asian cities for the first time since post-pandemic travel opened up once more.