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Market Update: Ipreo IPO Brief: July 2016

Market Update: Ipreo IPO Brief: July 2016

Following a sluggish first half of the year compared to recent years, July kicked off the year’s second half by welcoming 10 IPOs for total combined proceeds of $2.3B. Elsewhere, the US-Based 25 Index continued its streak as it posted a gain for the fifth straight month, growing 4.9%, while the S&P’s surged 5.0% during the month. Meanwhile, the current 6-month IPO backlog stands at 22 issuers seeking to raise $2.6B, a considerable tumble from the prior-year period’s 58 issuers that secured $15.5B.

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