Despite a slow start to the year due to private credit concerns, a broader risk-off backdrop and volatility sparked by the war in Iran, activity in the initial public offering (IPO) market is picking up.
According to Renaissance Capital, there have been 121 IPOs filed so far this year through June 18, up 7.1% from the year-ago period. And the $111.4 billion in proceeds raised from the 76 firms that priced their offerings is up sixfold from the year prior.
