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Renaissance Capital's 1Q 2025 US IPO Market Review

March 24, 2025

IPO Pickup Interrupted by Market Correction

In the first quarter of 2025, 44 IPOs raised a combined $9.4 billion, after a strong start was cut off by a market correction near quarter end. Both deal count and proceeds increased from the 1Q24, despite concerns about persistent inflation and uncertainty around tariff policies interrupting the typical March pickup. Fifteen IPOs raised $100 million or more, all but two of which came in...

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