Just over two thirds of companies held virtual roadshows in the year from Q3 2021 to Q3 2022. This includes more than two thirds of North American firms and 78 percent of European firms, though only half of Asian companies held virtual roadshows in this time.
There is little variation in the number of companies holding virtual roadshows according to cap size: just under two thirds of small caps, mid-caps and mega-cap companies held virtual roadshows. The only notable difference is among large-cap companies, of which 73 percent held roadshows in this period.
The average number of virtual roadshows held in the 12 months from Q3 2021 to Q3 2022 was 4.6. This is fewer than the number of virtual roadshows held in the previous year as companies gradually returned to in-person roadshows. European companies held the highest number of virtual roadshows, at 6.1 each, compared with 3.4 among North American companies.
The number of virtual roadshows held increases with cap size. The 66 percent of small-cap companies engaging in virtual roadshows held an average of 3.7 such events, while the 65 percent of mega-cap companies held an average of 10.4.
Companies that held virtual roadshows spent an average of 9.4 days on them, which is more than four more days than was typically spent on in-person roadshows in this period. Far fewer days were spent on virtual roadshows by North American companies than by European or Asian firms.
The number of days spent on virtual roadshows rises with company size. Mega-cap companies spent more than 11 more days on virtual roadshows from Q3 2021 to Q3 2022 than small-cap companies spent.
Companies holding virtual roadshows during the year Q3 2021 to Q3 2022 used an average of four brokers for the purpose. North American companies typically used fewer brokers for virtual roadshows than their European and Asian peers.
The number of brokers used for virtual roadshows increases with company size. Small-cap firms that engaged in virtual roadshows used an average of 2.7 brokers. This increases steadily to an average of six brokers among mega-cap companies.
