The US IPO market continued to rebuild in 2024, closing out the year with 150 IPOs raising $29.6 billion. While companies repeatedly pushed back their IPO timelines amid delayed rate cuts and bouts of volatility, larger issuers continued to make up a growing portion of activity, with 58 IPOs raising $100 million or more, nearly double the prior year's count. The Big Four accounting firms appeared on 63 of the year's 150 IPOs, most of which were larger deals, representing 95% of the year's proceeds but only 42% of total deal count. With every offering requiring audited financials, there were 150 auditing engagements with 36 accounting firms, or 206 with 41 accounting firms, including SPACs.
View our Report on The Most Active Audit Firms of the 2024 IPO Market
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Read Renaissance Capital's other annual publications:
- 2024 US IPO Market Review
