IPOs Surge in the Second Quarter: Analysis

After a period of sluggish activity, initial public offerings (IPOs) are poised for a resurgence in the second quarter of the year.

Renowned companies such as Lineage Logistics, SeatGeek, Ibotta, and Rubrik, the latter of which enjoys the backing of tech giant Microsoft (NASDAQ:MSFT), are reportedly preparing to embark on their public debut, according to sources cited by Bloomberg.

These developments come after a lull in IPO activity, with data compiled by Stock Analysis revealing that only 154 companies went public last year, down from 181 in 2022, and a significant drop from 1,035 companies in 2021. In a record-breaking year for IPOs, the U.S. saw an impressive $339B raised in 2021. However, this figure dwindled to a mere $26B in the following year, as per Bloomberg’s data.

The recent weeks have presented a notable shift, with companies collectively raising $2.1B through IPOs, marking the highest figure since September. This resurgence is indicative of renewed optimism permeating the market.

Providing further insight, on February 1, Amer Sports (NYSE:AS) made its market debut, opening at $13.40 after the Initial Public Offering of 105M shares, priced at $13.00 per share. Notably, the IPO was initially expected to be priced within the $16 to $18 range.