December closed out the year with a slight uptick as the month saw five new issuers make their market debuts for aggregate proceeds of $2.1B compared to just two issuers for $329.4M in November.
IPO momentum fell slightly in August amid the standard summer slowdown. Relative to the eight issuers that debuted in August 2015 for aggregate proceeds of $1.4B, only six issuers debuted in August 2016 for aggregate proceeds of $1.0B.
Following a sluggish first half of the year compared to recent years, July kicked off the year’s second half by welcoming 10 IPOs for total combined proceeds of $2.3B. Elsewhere, the US-Based 25 Index continued its streak as it posted a gain for the fifth straight month, growing 4.9%, while the S&P’s surged 5.0% during the month. Meanwhile, the current 6-month IPO backlog stands at 22 issuers seeking to raise $2.6B, a considerable tumble from the prior-year period’s 58 issuers that secured $15.5B.
Following last month’s jump in deal count (12), which is the largest year-to-date, the month of June settled back to just seven issuers marking their public debuts, a significant decline when compared to the prior-year period’s 30 new issuers. Elsewhere, the US-Based 25 Index continued its streak as it posted a gain for the fourth straight month. Finally, the current 6-month IPO backlog stands at 28 issuers seeking to raise $3.5B, a sizable descent from the prior-year period’s 62 issuers for $10.2B.
Coming off a struggling first four months that saw a meager 13 new issuers debut, the month of May marked a notable jump as 12 IPOs priced for total proceeds of $2.6B. Additionally, the U.S.-Based 25 Index posted a gain for the third straight month, ascending 12.2% in May. Finally, the current 6-month backlog consists of 29 issuers looking to raise $2.7B, falling sharply from last year’s 49 issuers seeking to raise $8.6B.