Exchanges around the world are off to their worst start to the year for flotations since 2009, with both Euronext and its former stablemate the New York Stock Exchange closing in on 100 days without an initial public offering.

Dealogic said that IPO activity has dropped 58% year-on-year globally, with just 66 IPOs priced so far in 2016, the lowest number since the global financial crisis saw only five listings take place by this point in 2009.