Confidence in the IPO market is growing. In the first six months of 2024, the IPO market has had its best start since the market boom of 2021, with approximately $20 billion raised in IPOs, according to a recent Bloomberg report. Bloomberg reported three IPOs over $1 billion completed in the first half of 2024, compared to one in each of the first half of 2022 and 2023.
According to Wolters Kluwer, during the first half of 2024, there have been 75 IPOs, a third of which were completed by life sciences and healthcare companies. Tech and industrial companies make up 13% each of the IPOs completed in the first half of 2024. 73 companies filed for an IPO but remain in the queue to go public, while 31 companies withdrew their IPOs in the first six months of 2024.
Activity in 2024 is set to surpass that of 2023, which saw $19.3 billion in 119 IPOs. Read more about the 2023 IPO market in our At A Glance infographic.