Third Point Reinsurance's (TPRE) pricing last night brought the 2013 year-to-date U.S. IPO total to 129, already surpassing 2012's 128 total U.S. IPOs. At 129 pricings in the first seven and a half months of the year, 2013 is on pace to have the most U.S. IPO pricings since 213 companies went public in 2007. Although deal flow has ebbed going into the typical end of August and Labor Day hiatus, the active IPO pipeline suggests that the fourth quarter will be a busy one in the IPO space.
The 129 IPOs in 2013 have raised $28.4 billion and produced an average return of 29%, as opposed to 2012's average return of 20%. The active IPO pipeline includes 95 companies looking to raise $29.1 billion.
|US IPO Pricings Per Year|
|No. of Pricings||68||217||192||196||213||31||63||154||125||128||129|
*Reflects pricings through August 14, 2013.