ANALYSIS: Diet of Krispy Kreme and Oatgurt Cuts Q2 IPOs by Half

July 8, 2021, 9:01 AM

Perhaps in anticipation of a summer beach vacation, the IPO market slimmed down by more than half in the second quarter after a gluttonous start to the year. IPOs on U.S. exchanges declined from 422 in the first quarter to 196 deals in the second, shrinking more than 53%. The total value of those deals shrunk even more, dropping 60% after the SEC increased SPAC supervision and admonitory guidance. Still, full year results are likely to impress.

A Q2 Pullback

The slowdown in IPOs began near the end of the first quarter, and continued through a relatively slow April and ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.