IPOs: 2023 Was Second to Last

A few months back, I shared that 2023 was shaping up to be a lackluster year for initial public offerings (IPOs). The year is officially over and the final tally is in. We ended 2023 with 154 IPOs, a decrease from 2022’s 181 offerings and a dramatic drop from 2021’s 1,035 offerings. Post global financial crisis, 2023 had the second-fewest IPOs. The lowest count was 133 offerings in 2016.

I view IPOs as an indicator of public-market investor sentiment, and I’m curious to see if IPO activity changes materially in 2024.

If you want more annual IPO data, take a look here.