Global IPO Activity Picking Up But Continues To Lag Other Post-COVID Years

Summary

• Global IPO activity is recovering but remains below recent years, with 326 IPOs in Q3 2024 totaling $23.32 billion, the lowest since Q1 2019.
• US IPO activity has increased steadily, with 36 IPOs in Q3 2024, and $26.28 billion raised in the first three quarters, nearly double 2023.
• European IPO activity slowed in Q3 2024, with 30 transactions and $770 million offered, but $17.46 billion raised through Q3 2024, up from $13.50 billion in 2023.
• The largest US IPO in 2024 was Lineage Inc., a real estate investment trust, raising $5.10 billion in July.

Olemedia

Global IPO activity is slowly recovering from the lows of early this year, but transactions are well behind the pace of recent years.

There were 326 IPOs worldwide in the third quarter, the most since the fourth quarter of 2023. However, those