Stats Listings, IPOs and corporate actions M&A activity

Global M&A hit $4.8 trillion in 2025, 7% of company cash

Advanced
manufacturing
717bn
Technology
478bn

Advanced manufacturing was the larger sector by value, while technology grew faster at +76%. About half of technology deals involved AI native companies or AI related rationale. Source: Bain & Company.

Companies buy other companies, and every listed target that is acquired leaves the public market for good. Global deal value reached $4.8 trillion in 2025, up 36% and the second highest on record. It was still only 7% of corporate cash spending.

$4.8 trillionGlobal deal value, 2025
up 36%Change on 2024
7%Share of corporate cash
11.6x EV/EBITDAAverage valuation paid

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