US IPO Market Gains Momentum in the 2Q In the second quarter of 2023, 23 IPOs raised a combined $6.6 billion. While deal count held steady from the prior-year period, quarterly proceeds were the...read more
Four sizable IPOs raised a combined $4.9 billion in May, the biggest month for proceeds since December 2021. May activity was well below the 10-year average for deal count (19 IPOs) but on par for proceeds ($5.0B), and the month now accounts for two-thirds of...read more
Two IPOs priced this past week, each raising more than $200 million, while one small issuer delayed (AZTR). They were joined by one SPAC. Six IPOs and one SPAC submitted initial filings. Leading the week, Cummins spin-off Atmus Filtration...read more
ATS Corporation, a Canadian maker of factory tooling and automation systems, raised $246 million by offering 6 million shares at $41, below the as-converted last close of its shares on the Toronto Stock Exchange ($43.31). ATS designs, manufactures, assembles,...read more
Updated: Renaissance Capital's 2Q 2023 US IPO Market Review
US IPO Market Gains Momentum in the 2Q In the second quarter of 2023, 23 IPOs raised a combined $6.6 billion. While deal count held steady from the prior-year period, quarterly proceeds were the...read more
Renaissance Capital's May IPO Market Update
Four sizable IPOs raised a combined $4.9 billion in May, the biggest month for proceeds since December 2021. May activity was well below the 10-year average for deal count (19 IPOs) but on par for proceeds ($5.0B), and the month now accounts for two-thirds of...read more
US IPO Weekly Recap: Cummins spin-off and Canadian automation company raise a combined $521 million
Two IPOs priced this past week, each raising more than $200 million, while one small issuer delayed (AZTR). They were joined by one SPAC. Six IPOs and one SPAC submitted initial filings. Leading the week, Cummins spin-off Atmus Filtration...read more
Canada-listed automation company ATS Corporation prices US IPO at $41
ATS Corporation, a Canadian maker of factory tooling and automation systems, raised $246 million by offering 6 million shares at $41, below the as-converted last close of its shares on the Toronto Stock Exchange ($43.31). ATS designs, manufactures, assembles,...read more