The IPO market set another record amid a landmark quarter for Q2 2021, according to a report published by Renaissance Capital — 113 IPOs raised $39.9 billion in Q2, marking the “busiest quarter for IPOs in over two decades.”
“After a strong start, weaker market conditions dampened activity mid-quarter, before IPO performance and new issuers roared back in June, the busiest single month since August 2000,” the report added.
Though the health care sector—currently dominated by biotech—led IPO activity with 46 IPOs in the quarter, the technology sector raised the majority of proceeds amid the individual sector’s busiest quarter in at least two decades with 42 IPOs. Software and e-commerce represented over half of new tech issuers, with the quarter’s largest IPO coming from Chinese ride-hailing giant DiDi (DIDI). Health care saw several billion-dollar valuations, with the largest in the sector coming from Lyell Immunopharma (LYEL) which became the second-largest preclinical biotech IPO ever.
- It’s Impossible to State How Bad Things Actually Are
- New Zealand’s PM calls for internet censorship, because people don’t believe in climate change and Covid lockdowns
- Worse Than Katrina? It Appears That We Just Witnessed The Most Costly Natural Disaster In U.S. History By A Wide Margin
- The British Government is Experimenting With Feeding African Kids Worms, Locusts, and Flies.
- Exactly One Week After Biden’s Fateful Decision, The U.S. Was Hit By One Of The Worst Natural Disasters In Our History
- All signs point to something huge to happen in next days!
- “If Only We Had More Somalis” Said No One Ever
- Something Big Coming? NATO Countries are Releasing Urgent Calls for Their Citizens to Leave Russia
- It’s Going to Take Some Very Cool Heads to Keep the Blinken Administration from Destroying the World
- The Anti-American Tone on German and Austrian Social Media has Escalated Dramatically