Globally, 54 percent of companies held in-person roadshows in the 12 months from Q3 2021 to Q3 2022. This shows a return to the road as Covid-19 restrictions were lifted, representing nearly eight times the 7 percent of companies that went on in-person roadshows the previous year during the middle of the pandemic.
This return to the road is not resumed at the same level in all regions and company sizes, however. While approaching two thirds of European companies resumed in-person roadshows, just a quarter of companies in Asia went back out on the road. And while 45 percent of small caps and 46 percent of mid-cap companies went on in-person roadshows in this time, this figure rises to three quarters among mega-cap companies.
Among the 54 percent of companies globally that went on the road, the average number of in-person roadshows held was 2.7. North American companies that traveled typically went on the fewest roadshows, while the quarter of Asian companies that went on the road held an average of 5.5 roadshows in this time.
Not only are larger companies more likely to go on the road, but when they do they are likely to go on more roadshows. Mega-cap companies that went on the road from Q3 2021 to Q3 2022 typically went on more than twice as many in-person roadshows as small and mid-cap companies.
Companies going on in-person roadshows in the year from Q3 2021 to Q3 2022 on average spent more than five days on the road. European companies that held in-person roadshows spent approaching twice the number of days on the road as their North American counterparts. The quarter of Asian companies that went on in-person roadshows spent more than eight days on the road, on average.
Mega-cap companies that traveled spent twice as many days on the road as small caps, while large-cap firms spent the fewest number of days on in-person roadshows.
Companies holding in-person roadshows used an average of 2.6 brokers for these roadshows in the year Q3 2021 to Q3 2022. North American companies used notably fewer brokers for their in-person roadshows at 1.7, compared with the 3.6 brokers used by European companies and the 4.4 used by Asian firms.
The number of brokers used for in-person roadshows increases with company size. Both small and mid-cap companies used an average of 2.3 brokers for in-person roadshows in this time. This rises to an average of 4.2 used by mega-cap companies.
