Factbox-US IPO activity plunges as war in Ukraine triggers volatility


(Reuters) – Market volatility sparked by Russia’s invasion of Ukraine and soaring global interest rates forced investors to back down from backing initial public offerings, driving stock quotes down dramatically in the USA.

According to data from Refinitiv, 2022 is on track to be the worst year for U.S. listings since 2009, with IPOs raising around $5 billion in the first seven months of this year – a decline of 96% compared to the same period in 2021, according to Refinitiv.

Nonetheless, some companies braved a freezing IPO market and went public on US exchanges this year.

Here is a list of the 10 largest IPOs since March:

Company share capital fund

Bausch + $712 million -16% in New Eyewear co, was taken

Lomb Corp York private by private

-17% at Pincus in 2007, and

Toronto later by Canadian company

Excelerate $384 million -21% Founded by Energy

ProFrac $288 million -1% Provides

Hold fracturing services,

Corp a process that breaks

Hillevax $200 million -32% Boston,

Ivanhoé $169 million -24% The mining magnate Robert

Company run by Electric Friedland

Inc focuses on metals for

PepGen Inc $108 million -28% Clinical stage

AN2 $79m -40% Menlo Park-based company

Therapeutic provides therapies

Hannover ~$27 million -7% Financial offers

Bancorp Inc Services, Loans,

Smart $25m -84% based in Hong Kong

Living business design lock

App sets and smart

Group Security Systems Inc.

Nano Labs $20 million -7% China-based chipmaker

Ltd designs products that

(Reporting by Angelique Chen in New York and Niket Nishant in Bengaluru; Editing by Anirban Sen and Lincoln Feast)

Copyright 2022 Thomson Reuters.


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