It was another slow year for initial public offerings, as 2016 finished with 143 IPOs and raised $26.47 billion, the lowest numbers since 2009, according to Bloomberg Law data.
The number of deals in 2016 dropped by 34 percent from 2015, which saw 217 IPOs. It was an even steeper drop from 2014, which saw 311 IPOs, the most in the last five years. Similarly, the dollar amount of funds raised in 2016 dropped by 36 percent from 2015, when $41.03 billion was raised, and by 74 percent from 2014, when $100.53 billion was raised.
The average deal size in 2016 was $185 million, down from $189 million in 2015 and $323 million
in 2014. However, in contrast to previous years, there were no IPOs under $1 million in 2016.
Last year got off to a very slow start with only two IPOs in January and five in February.
May and October were the most active months. In May, ahead of the June 23 Brexit vote, 21 IPOs raised a total of $4.15 billion. In October, ahead of the U.S. presidential election on November 8, 23 IPOs raised a total of $5.76 billion.
The year closed out with 10 IPOs in December, raising $2.51 billion.
For more on the latest trends in IPOs, Bloomberg Law subscribers can access our Quarterly U.S. IPO Market Update.
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 email@example.com.
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 firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)