GFS News

The IPO market set new records in 2021, but a recent sell-off has walloped new issuers across nearly every sector over the past 90 days and 30 days. The sole sector with positive average returns, energy has produced just two IPOs since 2021, one of which was acquired shortly after its IPO (VEI). The remaining issuer, Aris Water Solutions (ARIS), averages a...read more

In 2021, 27 IPOs raised $1 billion or more, the biggest-ever crop of billion-dollar IPOs in a single year. While the largest issuers have historically outperformed the broader group average, that is not the case for 2021 IPOs. Of last year's 27 billion-dollar deals, just three are trading above issue (11%), and the group averages a -40% return, below the total 2021 average of -33%...read more

2021 IPO Market Makes History as the Busiest Year in Two Decades The 2021 IPO market was one for the history books. A stunning 397 IPOs raised $142.4 billion in the busiest year by deal count since 2000 and the biggest year for proceeds ever. 27 billion-dollar deals came to market led by pre-revenue electric truck...read more

In October 2021, 40 IPOs raised $12.3 billion, joined by 53 SPACs that raised $9.1 billion. Healthcare dominated activity, accounting for 17 of the month’s IPOs, with technology close behind at 12 deals. Leading US semiconductor foundry GlobalFoundries raised $2.6 billion, the third-largest IPO of the year so far. The month’s IPOs averaged a 12% return from offer, with...read more