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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 1Q 2023 US IPO Market Review

NXT

The IPO Pickup Gets Cut Short Following the US IPO market's slowest year in decades, the first quarter of 2023 continued the trend with 29 IPOs raising just $2.3 billion. Deal flow started at a decent pace but failed to pick back up after the February lull, as hawkish signals from the Fed, renewed recession fears,...read more

Bulge to bust: Bulge bracket banks have disappeared from the IPO market in the past year

NXT

The past year's global selloff has wreaked havoc among new issuers. Many large IPO candidates have paused offering plans indefinitely, and with the decline in large deals, bulge bracket investment banks have virtually disappeared from the IPO market. Bulge bracket banks have long been staples of the IPO process. Between 2018 and 2022, the top three – Goldman Sachs, Morgan...read more