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Pessimism over Fed policy and geopolitical tensions topple year's large IPOs; here are the deals that have weathered the recent turmoil

GPCR

After a strong rally through July, markets have treaded water for the past three months as investors grow pessimistic about the possibility of near-term rate cuts, against a backdrop of political gridlock in the US and a new war abroad. The year's sizable IPOs have slowly declined in the past few months' volatility, and the percentage trading above issue has fallen to its lowest...read more

Large IPOs line up despite latest challenges

ABVX

Despite geopolitical turmoil and a major flop from Birkenstock (BIRK) rocking the IPO market last week, a handful of large issuers are lining up to go public. Two sizable IPOs launched on Monday, joined by two notable initial filings. ...read more

Updated: Renaissance Capital's 2Q 2023 US IPO Market Review

KVUE

US IPO Market Gains Momentum in the 2Q In the second quarter of 2023, 23 IPOs raised a combined $6.6 billion. While deal count held steady from the prior-year period, quarterly proceeds were the highest in six quarters, even without J&J spin-off Kenvue's $3.8 billion IPO. Nine IPOs raised $100 million or more,...read more

US IPO Week Ahead: No deals scheduled for the short holiday week

SRFM

No IPOs are currently scheduled to list in the week ahead, as markets take a break to celebrate the Fourth of July, although some small issuers may join the calendar during the week. A handful of deals are already scheduled for later in July, most notably aviation company Surf Air Mobility (SRFM), which is slated to complete the first direct listing of 2023. We...read more