9 IPOs priced in March, raising a combined $1.5B in proceeds as deal volumes remained markedly lower year-over-year. On a sector basis, Financials prevailed, bringing four new issues to market for $313.6M, including two banks and one BDC. Although March brought fewer companies to market year-over-year, those that did price noticed an average 3.5% gain on their first day of trading. Meanwhile, the current 6-month backlog stands at 59 issuers looking to raise $7.0B, a sharp decline from the prior-year period’s backlog of 75 issuers slated to raise $21.8B. By sector, Healthcare continues to lead in terms of deal count, with 21 deals seeking to raise $1.5B.