The IPO market absolutely exploded in 2021. The number of initial public offerings concluded this year was the highest since 2000, and the amount of money raised totaled $142.5 billion, smashing the 2000 record total of $96.7 billion.
Recall, however, that the IPO markets tanked in 2001, with just 83 companies completing their public offerings while raising $40.8 billion in fresh capital. According to IPO tracker Renaissance Capital, poor returns following the majority of 2021 IPOs yielded an average return of −10%, the worst in more than 10 years, even though first-day pops averaged nearly 31% for the 399 IPOs concluded this year.
The following chart, based on Renaissance Capital data, lists the 10 largest IPOs of 2021…
The post After an Astonishing Year for IPOs, What’s Ahead in 2022 originally appeared at 24/7 Wall St.