Over $2 Billion Raised in Initial Public Offerings in July

​In July 2018, 15 U.S. companies went through an initial public offering (IPO), raising a combined $2.077 billion. Those figures are down from the $3.716 billion raised in 26 IPOs in June 2018. For the calendar year 2018 through July, $24.3 billion has been raised through 101 IPOs, up from the $21.3 billion raised in the same period of 2017. 

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Overall, companies that went public in 2018 have also performed well in the stock market. According to Investor’s Business Daily, through the trading day on August 3rd, 37 stocks that listed in 2018 have gained 30% or more from their IPO prices. Twenty-five are up at least 50% and nine have run up 100% or more.

The healthcare industry had 8 of the 15 IPOs in July. Healthcare has the most IPOs for the seven months through July, making up 38.8% of IPOs. Year to date, financial services has the second most IPOs with 19.4% of all IPOs.

The highlights from our weekly IPO market updates during July 2018 included (click the links for more details):

• Week 1: Dell rejoining public markets, Sonos files for IPO, Saudi Aramco IPO hope diminishes
• Week 2: Tencent plans U.S. IPO, Tilray anticipates July IPO, Vaccinex submits for IPO approval
• Week 3: Four biotech firms – Crinetics, Rubius, Constellation, Allakos – debut shares on the NASDAQ
• Week 4: Replimune Group, Aquestive, Tenable, Liquidia, and China’s Aurora Mobile listed shares for the first time.