2020 has already set the record for the largest dollar volume of IPOs. Only 9% were actually profitable.

September 28, 2020 5:03 pm by IWB

2020 has already set the record for the largest dollar volume of IPOs.
⁰36% higher than the peak of the tech bubble with 2 more months to go.
⁰Also the largest number of issuances since 2000 and 1999.

More importantly:

Only 9% of all 2020’s IPOs were actually profitable. pic.twitter.com/XeNZxTQ3Ie

— Otavio (Tavi) Costa (@TaviCosta) September 28, 2020