The 3Q20 IPO Rankings for the Big Four Accounting Firms

The 3Q20 was a record-breaking quarter for IPO activity, with 81 IPOs raising $28.5 billion. Soaring peer multiples and IPO enthusiasm caused activity to increase significantly from the 3Q19, when 39 IPOs raised $10.8 billion. Healthcare was the most active sector, as larger health services providers joined the steady stream of biotechs, followed by tech which saw a surge of activity in September. The Big Four accounting firms appeared on 69 of the quarter’s 81 IPOs (85%), which raised 95% of proceeds. With every offering requiring audited financials, there were 81 auditing engagements (163 including SPACs) with 12 accounting firms.

View our Report on The Most Active Audit Firms of the 3Q20 IPO Market

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