The market for initial public offerings (IPOs) in the United States has exceeded expectations in the first half of 2024. According to Renaissance Capital, 69 IPOs were priced by June 30, 2024, marking a 32.7% increase compared to the previous year. Total proceeds reached $16.7 billion, a remarkable 87.3% increase from 2023. Filing activity has also seen an uptick of 21.6%, and after-market performance has risen by over 7.4%, although this lags behind the broader market’s 15.3% increase.
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This article was posted on Foley.com on 16 August 2024