The Strategist

U.S. IPOs volume reaches $23.2 billion in 2024, surpassing 2023



07/31/2024 - 06:54



According to Renaissance Capital, companies in the United States have raised $23.2 billion through initial public offerings (IPOs) since the beginning of the year, which is more than the $19.4 billion total for the entire previous year.



Wally Gobetz
Wally Gobetz
82 businesses have gone public on American exchanges this year, a 37% increase compared to the same period last year.

Specifically, last week witnessed the biggest initial public offering (IPO) of the year: Lineage Inc., a real estate investment trust and the largest owner of temperature-controlled industrial facilities globally, raised $4.4 billion in stock. The total market value of the business was $19.2 billion.

Analysts predict that August will be a rather quiet month for stock offerings. Actuate Therapeutics, a producer of anti-cancer drugs, projects to raise roughly $27 million at a valuation of $182 million this week; no significant initial public offerings (IPOs) are anticipated.

source: tradingeconomics.com




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