The 107 initial public offerings priced in the first half of 2017, raised $29.1 billion, a much stronger performance than the first half of 2016, which produced only 57 IPOs and raised only $9.2 billion, according to Bloomberg Terminal data. The number of deals in the first half of 2017 jumped by 88 percent and the dollar amount of funds raised increased by 216 percent compared to the first half of 2016.
The full year data for 2016 shows $26.5 billion was raised from 143 IPOs, meaning that the 2017 IPOs have already outraised 2016’s full year total.
The average deal size in the first half of 2017 was $272 million, up by 69 percent from $161 million in the first half of 2016 and by 41 percent from $193 million in the first half of 2015.
The three largest IPOs of the first half were:
In the first half of 2017, the Consumer, Non-Cyclical sector was the most active with 28 IPOs, but IPOs in the Communications sector raised the most capital ($7.08 billion) due largely to two large IPOs in this sector by Snap Inc. and Altice USA Inc. As in the previous four years, in the first half of 2017, the Financial and Consumer, Non-Cyclical sectors outperformed the other industry sectors by number of IPOs.
In the first half of 2017, the Diversified sector replaced the Technology sector among the top three sectors by number of IPOs (15 IPOs) and generated higher deal value ($5.1 billion) than the other two sectors. The Technology sector delivered 18 IPOs in each of 2015 and 2016, raising $6.3 billion and $1.9 billion, respectively, but was not in the top three sectors, by either number of IPOs or dollar amount raised, in the first half of 2017. The top IPOs by dollar value in each of the three top sectors in the first half of 2017 were:
For more on the latest trends in U.S. IPOs, Bloomberg Law subscribers can access our Quarterly IPO Market Update – U.S.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)