America was well-represented in the US IPO market's active second quarter.
The number of IPOs in the 2Q18 jumped 36% over the 1Q18. This was entirely driven by US companies: There were 79% more IPOs from American issuers (from 29 to 52), while foreign issuance actually declined by 47% (from 15 to 8). Independent of non-US companies, IPO proceeds increased 48%, while proceeds from foreign companies dropped 87%.
We noted this trend in our newly-released 2Q18 US IPO Review.
Recent filings suggest that foreign issuers may come back to US exchanges in the 3Q. Three sizable Chinese companies are on file, including the largest deal in the US IPO pipeline, e-commerce site Pinduoduo (aka Walnut Street), as well as car marketplace Cango and analytics platform Jiguang (aka Aurora Mobile). European filers Endava and Opera also filed at quarter-end.
To find out what else is coming up, download our 3Q18 US IPO Preview.
