Companies have broadly put listing plans on hold amid the worst IPO sell-off in over a decade, but small issuers are still on the move.
So far, 21 of the year’s 34 IPOs (62%) have raised less than $50 million, the highest concentration in over a decade. Sub-$50 million IPOs have historically accounted for less than one-quarter of activity.
Small issuers are on track to have one of the busiest years in recent history, though they still aren’t matching last year’s record pace in terms of deal count. At this point last year...
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