US stock exchanges failed to win any of the top 10 global initial public offerings that raised a total of $19.2bn (€13.3bn) in October as market share in new listings moves towards regional exchanges.

Brazil and Russia increased their share of flotation volume the year to the end of October, compared to the same period last year. Brazil's share of the market grew from 3% to 10.6%, while Russia's share grew from 6.6% to 11.7%, according to data from Thomson Financial.