IPO Market Data
Historical IPO activity and first-day returns · 1980–2025
Average
203
Maximum
677 (1996)
Minimum
21 (2008)
Years
46
Number of IPOs by Year
Full Data
| Year | IPOs | 1st Day EW | 1st Day PW | 1st Day Med | Left on Table | Proceeds |
|---|---|---|---|---|---|---|
| 1980 | 71 | 14.3% | 20.0% | 6.9% | $0.18B | $0.91B |
| 1981 | 192 | 5.9% | 5.7% | 0.3% | $0.13B | $2.31B |
| 1982 | 77 | 11.0% | 13.3% | 3.7% | $0.13B | $1.00B |
| 1983 | 451 | 9.9% | 9.4% | 2.5% | $0.84B | $8.89B |
| 1984 | 171 | 3.7% | 2.5% | 0.0% | $0.05B | $2.02B |
| 1985 | 186 | 6.4% | 5.6% | 2.8% | $0.23B | $4.09B |
| 1986 | 393 | 6.1% | 5.1% | 1.1% | $0.68B | $13.40B |
| 1987 | 285 | 5.6% | 5.7% | 1.3% | $0.66B | $11.68B |
| 1988 | 105 | 5.5% | 3.4% | 2.3% | $0.13B | $3.88B |
| 1989 | 116 | 8.0% | 4.7% | 4.0% | $0.27B | $5.81B |
| 1990 | 110 | 10.8% | 8.1% | 5.6% | $0.34B | $4.24B |
| 1991 | 286 | 11.9% | 9.7% | 7.5% | $1.50B | $15.39B |
| 1992 | 412 | 10.3% | 8.0% | 4.4% | $1.82B | $22.69B |
| 1993 | 510 | 12.7% | 11.2% | 6.3% | $3.52B | $31.44B |
| 1994 | 402 | 9.6% | 8.3% | 4.2% | $1.43B | $17.18B |
| 1995 | 462 | 21.4% | 17.5% | 13.2% | $4.90B | $27.93B |
| 1996 | 677 | 17.2% | 16.1% | 10.0% | $6.76B | $42.05B |
| 1997 | 474 | 14.0% | 14.4% | 9.4% | $4.56B | $31.76B |
| 1998 | 283 | 21.9% | 15.6% | 8.9% | $5.25B | $33.66B |
| 1999 | 476 | 71.2% | 57.4% | 37.5% | $37.11B | $64.67B |
| 2000 | 380 | 56.3% | 45.8% | 27.9% | $29.68B | $64.80B |
| 2001 | 80 | 14.0% | 8.4% | 10.2% | $2.97B | $35.29B |
| 2002 | 66 | 9.1% | 5.1% | 8.2% | $1.13B | $22.03B |
| 2003 | 63 | 11.7% | 10.4% | 8.7% | $1.00B | $9.54B |
| 2004 | 173 | 12.3% | 12.4% | 7.1% | $3.86B | $31.19B |
| 2005 | 159 | 10.3% | 9.3% | 5.8% | $2.64B | $28.23B |
| 2006 | 157 | 12.1% | 13.0% | 5.6% | $3.95B | $30.48B |
| 2007 | 159 | 14.0% | 13.9% | 6.8% | $4.95B | $35.66B |
| 2008 | 21 | 5.7% | 24.7% | -1.7% | $5.63B | $22.76B |
| 2009 | 41 | 9.8% | 11.1% | 5.7% | $1.46B | $13.17B |
| 2010 | 91 | 9.4% | 6.2% | 3.1% | $1.84B | $29.82B |
| 2011 | 81 | 13.9% | 13.0% | 8.5% | $3.51B | $26.97B |
| 2012 | 93 | 17.7% | 8.9% | 11.1% | $2.75B | $31.11B |
| 2013 | 158 | 20.9% | 19.0% | 13.0% | $7.89B | $41.56B |
| 2014 | 206 | 15.5% | 12.8% | 5.8% | $5.40B | $42.20B |
| 2015 | 118 | 19.2% | 18.9% | 10.3% | $4.16B | $22.00B |
| 2016 | 75 | 14.5% | 14.2% | 5.0% | $1.77B | $12.52B |
| 2017 | 106 | 12.9% | 16.0% | 9.0% | $3.68B | $22.98B |
| 2018 | 134 | 18.6% | 19.1% | 11.6% | $6.39B | $33.47B |
| 2019 | 113 | 23.5% | 17.6% | 17.9% | $6.95B | $39.28B |
| 2020 | 165 | 41.6% | 47.9% | 26.2% | $29.66B | $61.86B |
| 2021 | 311 | 32.1% | 24.0% | 17.0% | $28.65B | $119.36B |
| 2022 | 38 | 48.9% | 14.2% | 9.3% | $0.99B | $6.99B |
| 2023 | 54 | 11.9% | 16.1% | -0.5% | $1.92B | $11.92B |
| 2024 | 72 | 15.3% | 18.1% | 7.2% | $3.72B | $20.49B |
| 2025 | 90 | 29.3% | 33.6% | 13.7% | $13.11B | $38.97B |