IPO Frenzy Drives Busiest Third Quarter Since 2000
The US IPO market had its busiest third quarter by deal count since the Dot-com era, with 81 IPOs raising $28.5 billion. The high volume combined with several large deals resulted in the largest quarter by proceeds in six years. IPOs performance remained strong, driven by a 37% average first-day pop, and the Renaissance IPO Index continued on its rapid ascent, gaining 20% compared to the S&P 500’s 4%...
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