The IPO market in the third-quarter posted results similar to the previous quarter, as initial public offerings settled in and got comfortable with an elevated “pandemic normal” range.
IPOs increased to 214 deals from 193 in the prior quarter, while the capital raised in IPOs dipped to $54 billion from $60.9 billion. With the exception of a significant spike in deals recorded in the first quarter, deal counts and values have been relatively steady since the third quarter of 2020, at levels well above those of pre-pandemic quarters.
The IPO market has been buoyed during the pandemic by very accommodating ...
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