This weekend, I was chatting with a friend about public markets and IPOs. Neither of us knew how IPOs are trending this year, so I decided to check the stats. Here’s what I found:
2024 IPOs
- January: 15
- February: 16
- First two months total: 31
For comparison, here are the stats for the same months for the last five years:
2023 IPOs
- January: 8
- February: 17
- First two months total: 25
- Full-year total: 154
2022 IPOs
- January: 34
- February: 32
- First two months total: 66
- Full-year total: 181
2021 IPOs
- January: 118
- February: 132
- First two months total: 250
- Full-year total: 1,035
2020 IPOs
- January: 12
- February: 20
- First two months total: 32
- Full-year total: 480
2019 IPOs
- January: 6
- February: 21
- First two months total: 27
- Full-year total: 232
The number of IPOs completed in the first two months of this year has increased compared to the same months in 2023 (which was an anemic year). But we’re well below the number of IPOs we saw in 2021 (which was a record year).
Interestingly, the stock market reached an all-time high this past week. The NASDAQ Composite Index reached a record high close of 16,274 this past week. Its previous high was 16,057 over two years ago in November 2021.
I’m curious to see how IPO activity plays out for the rest of this year, especially if the NASDAQ Composite Index stays above the records set in 2021.