Tuesday, June 27, 2017

US Sees Big Bump In IPOS In First Half Of 2017

The United States saw a big bump in IPOs in the first half of 2017, according to a report from E&Y issued on Tuesday afternoon. According to the EY Global IPO Trends: Q2 2017 report, there has been "brisk" IPO activity globally, in what the report says is "one of its strongest starts in nearly a decade." The report tallied up 80 IPOs raising $22 billion in the first half of 2017, which was up 216 percent in terms of proceeds raised, and 82 percent in terms of number of deals. A notable number of those IPOs were fro Southern California, including the big IPO of Snap Inc. in March, the IPO of Alteryx, also in March; the IPO of Tocagen in April; the IPO for AnaptysBio in January; plus IPOs for Veritone (Newport Beach), Catasys (Los Angeles), and a number of non-technology companies in the region, as well. Image: Snap Inc's banner at the NYSE, courtesy Anthony Quintano.