July beat out June as the strongest month YTD in terms of deal count, pricing 31 IPOs on $8.6B in total proceeds, slightly ahead of the prior month’s 30 IPOs and above the year-ago period’s 21. Fueling the high deal count was Healthcare, raising $1.8B from 16 deals. July also claimed the largest IPO of the year, as Synchrony Financial raised a total of $2.9B in proceeds. Meanwhile, the U.S.-Based 25 Index outperformed broader markets in July, up 8.5%, compared to the S&P’s 1.5% decline. In contrast, the International 25 Index fell by 8.2%, as geopolitical tensions startled global markets.