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How the Big Four Accounting Firms Ranked in the 2022 IPO Market

January 5, 2023

After the prior year’s record activity, the 2022 US IPO market ground to a halt with just 71 IPOs raising $7.7 billion in the slowest year by proceeds in over three decades. Small issuers dominated activity, and only 16 offerings (23%) raised $100 million or more. The Big Four accounting firms appeared on 19 of the year’s 71 IPOs, most of which were larger deals, representing 74% of the year’s proceeds but just 27% of total deal count. With every offering requiring audited financials, there were 71 auditing engagements with 33 accounting firms, or 157 with 38 accounting firms, including SPACs.

View our Report on The Most Active Audit Firms of the 2022 IPO MarketPDF

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Read Renaissance Capital's other annual publications:
2022 US IPO Market Review