The US IPO market delivered another landmark quarter in the 2Q21, with 115 IPOs raising $40.7 billion. It was the busiest quarter for IPOs in over two decades, a record that was just broken last quarter, as well as the biggest second quarter by proceeds ever. The biotech-dominated healthcare sector led IPO activity, followed closely by technology, which had its most active quarter in at least two decades. The Big Four accounting firms appeared on 87 of the quarter’s 115 IPOs (78%), which raised 92% of proceeds. With every offering requiring audited financials (and one IPO hiring two auditors), there were 116 auditing engagements (179 including SPACs) with 29 accounting firms.
View our Report on The Most Active Legal Firms of the 2Q21 IPO Market
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