Initial Public Offering Boom Expected to Continue into 2021
Tuesday, February 16, 2021 Despite the uncertainty of 2020, initial public offerings (IPOs) in the US set records in 2020, recording 407 IPOs that raised a total of $145 billion. The 2020 IPO boom more than doubled the 195 IPOs recorded in 2019 that raised a total of $56 billion. Special purpose acquisition companies (SPACs), which made up 230 IPOs, influenced the bulk of the IPO activity in 2020. Although most of the SPACs have not yet completed their mergers, the completed SPAC mergers in 2020 showed a 41 percent return. Excluding SPACs, traditional IPOs raised $83 billion...
Source: natlawreview.com