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Nearly 80% of the year’s large IPOs are above issue, a positive signal for the fall IPO market

CAVA

The year's crop of large IPOs is off to a strong start, with nearly 80% currently above issue. As long as these solid returns hold, we expect a decent harvest of public listings in the fall. So far this year, 19 IPOs have raised $100 million or more, outpacing all of 2022 (16 IPOs), but still well below the 10-year median of about 70 sizable IPOs at this point in a year. 2023&rsquo...read more

US IPO Week Ahead: Surf Air Mobility plans the year’s first direct listing as July comes to a close

SRFM

Two deals are currently on the calendar for the week ahead, only one of which qualifies for inclusion in our stats. One SPAC is also tentatively scheduled to price. After scrapping plans for a SPAC merger in 2022, aviation company Surf Air Mobility (SRFM) is slated to begin trading on the NYSE in the first direct listing of 2023. Surf Air provides a regional air...read more

US IPO Week Ahead: IPO market could ring in the new year with notable launches

VFS

There are currently no IPOs scheduled for the first week of January, though we could see some notable launches as we enter the new year. Several large issuers in the pipeline have kept their prospectuses fresh over the past year. Leading the lineup is Vietnamese EV spin-off VinFast Auto (VFS), which is anticipated to list in the coming weeks in a deal that could...read more

US IPO Week Ahead: Slow December IPO market continues

ATMVU

There’s currently one SPAC on the calendar that is expected to price in the week ahead, along with a holdover that is not large enough to be included in our IPO stats. Although the IPO market is expected to remain quiet in the week ahead, recent updates from large issuers such as Clarios International (BTRY), Turo (TURO), and...read more