Wednesday, October 8, 2025

Latest

It’s Been A Painful Year For IPOs, Proceeds Are Down 93%

It hasn’t been a good year for companies going public  — uncertainty from mounting recession fears and market volatility is taking its toll.

S&P Global in October reported a huge dip in initial public offering (IPO) activities worldwide in Q3, with data showing IPOs were fewer by 45% compared to the same period the year before. The total amount offered in these IPOs also plummeted by almost US$73 billion.

Lynn Martin, president of the New York Stock Exchange, said last week that IPO proceeds were down 93% compared to the year before. Martin attributes the massive slowdown to uncertainty and “a lot of different forces that are impacting markets.”

As heartrending as the figures sound, it’s also important to note that these are coming from 2021’s ceiling-shattering highs that were largely propelled by the explosion of special purpose acquisition companies (SPACs). 

READ: The End Of An Era: Chamath Palihapitiya Winds Down Two SPACs

These days, post-SPAC boom, companies are holding back on or rethinking their plans to go public.

“Our pipeline is tremendous — the reason companies aren’t coming to market is because [of] all the volatility,” said Martin.

S&P Market Intelligence data show that 393 IPOs launched around the world in the third quarter, marking the second-lowest number since the second quarter of 2020, or right when the pandemic shut the world down.

In the United States, there were only 29 IPOs that launched in the third quarter with valuation totaling a mere $2.72 billion, marking the lowest results so far. As recession fears continue to climb and markets continue to be volatile, analysts aren’t optimistic enough to call the bottom on IPOs yet.

Exchange-traded funds (ETFs) are having a moment, though. Martin says ETF issuance may see another record this year. “We’ve already done about 250 ETFs this year that have come to market, and we have a tremendous pipeline for December,” she said.


Information for this briefing was found via S&P Global, Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Oncology Firm Erasca Eyes US$300 Million IPO

Precision oncology company Erasca Inc. (NASDAQ: ERAS) began trading on the Nasdaq Global Select Market...

Friday, July 16, 2021, 11:20:00 AM

Ex-Wipro CEO-led SPAC Compass Digital Acquisition Prices US$200 Million IPO

Special purpose acquisition company Compass Digital Acquisition Corp. (Nasdaq: CDAQU) started trading publicly on the...

Friday, October 15, 2021, 02:27:00 PM

Renewable Energy SPAC AP Acquisition Prices US$150 Million IPO

Special purpose acquisition company AP Acquisition Corp (NYSE: APCA.U) went public today on the New...

Friday, December 17, 2021, 02:23:00 PM

Eagle Equity’s 8th SPAC Screaming Eagle Acquisition Prices US$750 Million IPO

Special purpose acquisition company Screaming Eagle Acquisition Corp.(Nasdaq: SCRMU) started trading publicly on the Nasdaq...

Thursday, January 6, 2022, 02:18:00 PM

Houston Natural Resources-Backed Energy SPAC HNR Acquisition Closes US$86.25 Million IPO

Special purpose acquisition company HNR Acquisition Corp. (NYSE: HNRAU) closed its initial public offering on...

Thursday, February 24, 2022, 03:40:00 PM