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The 2020 IPO Rankings for the Big Four Accounting Firms

January 6, 2021

In 2020, 218 IPOs raised $78.2 billion, with both the number of deals and their outsized average returns making it a historic year for IPO investors. While the COVID-19 pandemic sent global markets into a nosedive in March, the IPO window did not stay shut for long. Activity resumed at a rapid pace in the second half, dominated by healthcare and tech. The Big Four accounting firms appeared on 174 of the year's 218 IPOs (80%), which raised 93% of proceeds. Each saw greater activity than the prior year. With every offering requiring audited financials, there were 218 auditing engagements (466 including SPACs) with 23 accounting firms.

View our Report on The Most Active Audit Firms of the 2020 IPO MarketPDF

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