The IPO market is popping

Jason Goepfert
2020-08-14

Stocks are popping, and companies are itching to take advantage. So are their bankers.

We've already seen that share issuance has spiked this year, and now Wall Street is seeing their opportunity to take full advantage as stocks continue to levitate. As the Wall Street Journal noted, we're on pace for a big uptick in IPOs brought to market, with a surge in the amount of money raised.

In terms of the raw number of new issues, it's still a far cry from the 1999-2000 heyday. But when accounting for the total value of shares issued, we could set a new record. 

IPO proceeds

What's even more notable is the average gain that these new issues have enjoyed on their first day of trading, and how many first-day "doubles" there have been. It's a unique time in history, to be sure.


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  • South Korean stocks are showing high momentum
  • Optimism on the LQD bond fund has suddenly plunged
  • Speculators are heavily short the U.S. dollar