This really has been a banner year for IPOs. Yes, you’ve seen all the headlines, but now we’ve got some data to back up that assertion. So far this year, 104 tech firms have gone public via initial public offering, more than in any year since 2000, according to Dealogic. And this year’s IPOs have raised more money than those in any year going back to at least 1995, when Dealogic began keeping records. (For those of you who find all these words hard to decipher, check out the chart below.)
And these figures don’t include companies going public via direct listings or by merging with SPACs. That means the figures understate both the total number of listings and the amount raised. More listings are coming too (even as market jitters prompt companies like iFit to suspend their IPO plans). On Friday, for instance, personal consumer advice site NerdWallet filed for an IPO. What’s striking about NerdWallet is that it’s a 12-year-old company that has raised relatively little venture capital. It had a solid history of profits up until an expansion effort this year.
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