Slightly more than six in 10 companies undertook virtual roadshows in the year Q3 2019 to Q2 2020. Regionally, two thirds (67 percent) of North American companies held virtual roadshows, compared with less than half of Asian companies. Mega-cap companies were the most likely to hold virtual roadshows, with more than seven in 10 of such firms doing so. Mid-cap companies were the least likely, at 57 percent.
Among those companies that undertook virtual roadshows during this time, the average number held was between three and four. Three quarters of the roadshows held in this time took place in the second quarter of 2020, with just 8 percent being held in the second half of 2019.
The lowest level of virtual roadshow activity is found in North America, where companies held an average of 2.7 virtual roadshows in this year. This is almost half the number of virtual roadshows undertaken by European companies. Asian companies held a quarter of their virtual roadshows in Q1 2020 and held the most virtual roadshows in the second half of 2019.
The number of virtual roadshows undertaken grows according to company size, from three among small-cap companies to 5.2 among mega-caps. Prior to 2020 and the onset of the Covid-19 pandemic, it was small-cap companies that held the highest number of virtual roadshows.
Four in five mega-cap and 84 percent of mid-cap virtual roadshows were held in Q2 2020.
