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. With every IPO requiring at least two legal firms, one for issuers and one for underwriters (and some hiring as many as seven), 2020 saw 588 legal engagements (1,181 including SPACs) with 162 law firms.
View our Report on The Most Active Legal Firms of the 2020 IPO Market
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