Q3 2022 IPO Trends: Market Continues to Cool

Screenshot of the first page of Q3 2022 IPO Trends Market Continues to Cool
By
Nicole Hallas, Audit Analytics

There were 39 initial public offerings (IPOs) during Q3 that raised a combined $3.1 billion. This aligns IPO numbers with what was previously seen in Q1 2021 (38). Q3’s amount raised was the smallest amount raised since Q1 2016 ($2.9 billion). Both traditional and special purpose acquisition company (SPAC) IPOs continued the decline seen throughout 2022. Compared to Q3 2021, the number of traditional IPOs declined by 72%. Similarly, the number of SPAC IPOs declined by 91%.

In this article, Audit Analytics further examines the major decrease in the number and size of IPOs during the third quarter of 2022.

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