Close to $20bn (€14.7bn) is set to be raised via initial public offerings in the next three weeks globally, as the market for new listings reopens after a volatile February.

Around $18bn is set to be raised in initial public offerings due to take place before the end of March, according to data provider Dealogic, including the $10.9bn listing of Japanese insurer Dai-ichi Life Insurance in Tokyo set to close on March 19.