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Updated: Renaissance Capital's 2023 US IPO Market Review

ARM

US IPO Market Slowly Rebuilds in 2023 After sinking to historic lows in the prior year, the US IPO market started to rebuild in 2023, laying the groundwork for the next upcycle. 108 IPOs raised a combined $19.4 billion, a slow year by historical standards but a significant increase from 2022. Issuance was weighed...read more

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

Private consumer companies eye the IPO market following a string of successful listings

FOGO

Consumer IPOs have been on a roll in recent weeks, and private companies are taking notice. Four consumer IPOs have raised $100 million or more since May: J&J spin-off Kenvue (KVUE), Mediterranean restaurant CAVA Group (CAVA), thrift store Savers Value Village (SVV), and most recently DTC beauty retailer ...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