Klarna, Netskope Spur Best Month for US IPO Volume Since ’21 (1)

A burst of activity is powering the US IPO market toward its busiest month since the final innings of a manic 2021.

Klarna Group Plc and Netskope Inc.’s successful outings led the charge, lifting September’s US initial public offerings volume so far to $7.6 billion, excluding financial vehicles such as blank-check firms. That’s the biggest month since Nov. 2021, data compiled by Bloomberg show.

Newly-public companies delivered a weighted-average return of 17% through Monday — a figure would be higher if it wasn’t for Stubhub Holdings Inc. and Gemini Space Station Inc., which have each tumbled since their ...