Driven by Silicon Valley, California is again the most active state for 2017 IPO activity with 26 offerings so far this year. The group averages an impressive 44% return, including three deals that are up over 100%.
Drilling down reveals California's high-flying IPOs: AnaptysBio (ANAB), Roku (ROKU) and SMART Global (SGH).
Explore the IPO Pro Location Screen to find IPO activity broken down by state and country. Drill down into the locations that interest you, with the ability to sort by the city, industry, proceeds and returns.
Location, Location, Location: State IPO Rankings Shift in 2017
While California remains at the top, Texas climbed to the #2 spot with 23 IPOs, half of which are headquartered in Houston. Energy and energy-focused SPACs make up the majority of deals.
New York is in #3 now with 20 IPOs, more than double the 2016 total. For the second year in a row, its IPOs average a negative return, dragged down by NYC-based Blue Apron (APRN).
Massachusetts has slipped to the #4 spot this year from #2 in 2016. Its 16 IPOs, mostly biotechs, average a total return of 13%, including a 7% gain on the first day.
Pennsylvania soared into the #5 spot this year with 7 IPOs, compared to none in 2016. Bala Cynwyd, PA-based Hamilton Lane (HLNE), up 101% from its offer price, is the year's best-performing IPO in the financials sector.
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