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IPO News: IPO Market Posts Blistering First Half
An IPO market that was left for dead just two years ago has come roaring back in 2018, with companies raising public capital at a pace rarely seen in the past two decades.
So far this year, 120 companies have used initial public offerings to raise $35.2 billion on U.S. exchanges. That is the highest volume since 2014 and the fourth-busiest year-to-date on record, according to Dealogic, whose data go back to 1995.
Bankers say no single catalyst is pushing companies to tap the public markets for capital. Instead, the surge has been caused by a convergence of favorable business conditions, strong stock markets and investors’ hunger for high-growth companies.
While 2018 could be a near-record year, bankers and lawyers are betting activity could continue to accelerate from there. “There’s a real chance that 2019 could be even stronger than 2018,” said JPMorgan Chase’s Mr. Namburi.
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