Low volatility, high corporate valuations and renewed investor appetite for crossborder deals have fuelled the busiest year for flotations since before the crisis — and the good news for bankers is that the ride is not over yet.

That is according to consultancy EY, which notes in a report published today that the number of flotations globally has risen 49% year-on-year in 2017 and the amount raised by 40% to $188.8bn.