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. With every IPO requiring at least two law firms, one for issuers and one for underwriters (and some hiring as many as seven), 2024 saw 505 legal engagements with 169 law firms, or 672 with 212 firms including SPACs.
View our Report on The Most Active Law Firms of the 2024 IPO Market
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Read Renaissance Capital's other annual publications:
- 2024 US IPO Market Review
- 2024 Rankings for the Big Four Accounting Firms
