The 2024 IPO Market is right around the corner.
Here’s what you need to know to stay on top of the year ahead.
The IPO market started to rebuild in 2023, but a full-fledged rebound never quite materialized, as rate hikes, bank failures, and geopolitical turmoil weighed on new issuance. Heading into 2024, that long-awaited IPO rebound is now coming into view. With the Renaissance IPO Index up 48% year-to-date, prospective issuers are finding investors more receptive, and a wave of private companies have signaled IPO plans. In the near-term, we expect profitable companies in select industries to drive a gradual pickup, followed by a consistent return of VC-backed tech. We estimate a range of 120-170 IPOs in 2024, raising $20-$45 billion. After an elevated 2020/2021 and a depressed 2022/2023, the IPO market is finally ready to return to normalcy.
In this short piece, we highlight anticipated 2024 IPOs publicly on file (pg 2), and on our Private Company Watchlist (pg 3). For a more thorough look back at last year, check out our 2023 Annual Review (full report on IPO Pro).
View our 2024 Outlook
