IPOs Have Worst Year Since 2010
In 2015, 79 companies VC-bakced companies went public, raising $9.2 billion, according to Fortune. That’s the lowest total value by dollars raised since $8.08 billion was raised in 2010. Last year, 117 companies raised $15.5 billion in public listings.
This year, IPO interest was hurt by a number of factors, including global economic uncertainty, anticipation of Fed rate hikes, and disappointing performance of some IPOs last year.
In terms of performance, more than half of the 79 VC-backed IPOs are trading below their IPO price. However, on the bright side, the winners performed well, with average price of IPOs rising 5.27%.
The two largest deals of the year were fitness tracker Fitbit with $841 million and enterprise software provider Atlassian with $462 million. Atlassian, which went public December 10, is expected to be the last IPO of the calendar year.
While IPOs were down substantially, mergers and acquisitions continue to look strong this year.