It looks like 2011 will close with a total global IPO deal count of 336 (deal size greater than $100 million), down 30% from 478 in 2010. Global IPOs raised a total of $138 billion in proceeds this year, down 41% from $235 billion in 2010. Average deal size was down 16% to $411 million.

125 US IPOs priced in 2011, down 19% from 154 in 2010. They raised a total of $36.3 billion in proceeds, down only 6% from $38.7 billion in 2010 as a number of significant private equity and Internet IPOs more than offset the impact of General Motor’s (GM) $16 billion offering in December 2010. Average deal size for 2011 was up 16% to $290 million.

The average US IPO has returned -13% this year. 66% of the 125 IPOs priced this year are currently trading below their offer prices. Despite the weak performance, however, the US IPO pipeline remains strong, with 195 deals looking to raise $45.8 billion in proceeds.

Largest IPOs

Best and Worst US Performers

IPO Pipeline
The backlog includes a number of large PE-backed companies, including global asset manager The Carlyle Group (CARL), leading toy retailer Toys R Us (TOYS) and auto finance company Ally Financial (ALLY). Others looking to go public in 2012 include technology companies such as online reviews site Yelp (YELP), travel search engine Kayak (KYAK) and email marketing software provider ExactTarget (EXTG), and consumer names such as luxury luggage company Tumi (TUMI), restaurant chain Dave & Buster's (PLAY) and party supplies retailer Party City (PRTY).