Just 21 IPOs raised $2.1 billion in the 2Q22, the US IPO market’s slowest second quarter since 2009. Micro-caps accounted for the majority of deal flow as just six IPOs raised more than $100 million, led by eyecare spin-off Bausch + Lomb. With every IPO requiring at least two legal firms, one for issuers and one for underwriters (and some hiring as many as five), there were 64 legal engagements with 49 law firms, or 103 with 60 firms including SPACs.
View our Report on The Most Active Legal Firms of the 2Q22 IPO Market
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Read Renaissance Capital's other quarterly publications:
- 2Q 2022 US IPO Market Review
- The Most Active Audit Firms of 2Q22 IPO Market
