WANAN YOSSINGKUM
Initial public offerings may be making a comeback in the second quarter after a couple of listless years.
Lineage Logistics, SeatGeek, Ibotta and Rubrik, the latter of which is backed by Microsoft (NASDAQ:MSFT), are all looking to go public, Bloomberg reported, citing people familiar with the matter.
Last year, 154 companies went public, compared to 181 in 2022, according to data compiled by Stock Analysis. In 2021, 1,035 companies went public.
A record $339B was raised in the U.S. that year, according to data compiled by Bloomberg. Last year, that total was $26B, the data show.
This week, companies raised $2.1B through IPOs, the most since September, Bloomberg said, as the market sees cracks in the ceiling.
On February 1, Amer Sports (NYSE:AS) opened at $13.40 after the IPO of 105M shares was priced at $13.00 per share. The IPO was originally targeted to be priced in the $16 to $18 range.
More on Amer Sports, Inc., Microsoft, etc.
