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According to data from Refinitiv, 2022 is on track to be the worst year for U.S. listings since 2009, with IPOs having raised roughly $5 billion in the first seven months this year – a 96% decline from the same period in 2021, according to Refinitiv.
Nevertheless, some companies have braved a frigid IPO market and gone public on U.S. stock exchanges this year.
Following is a list of the 10 largest IPOs since March:
Company Capital Stock Background
raised performance
since
listing
Bausch + $712 mln -16% in New Eyewear co, was taken
Lomb Corp York private by private
equity firm Warburg
-17% in Pincus in 2007, and
Toronto later by Canada-based
Valeant
Pharmaceuticals for
$8.57 bln in 2013.
Excelerate $384 mln -21% Founded by energy
Energy Inc tycoon George
Kaiserhe, the LNG
provider’s IPO was
the first major U.S.
IPO since Russia
invaded Ukraine.
ProFrac $288 mln -1% Provides hydraulic
Holding fracturing services,
Corp a process that breaks
up underground
bedrock to free up
oil or gas reserves.
Hillevax $200 mln -32% Boston,
Inc Massachusetts-based
co is currently
developing a vaccine
for immunization
against
gastroenteritis.
Ivanhoe $169 mln -24% Mining tycoon Robert
Electric Friedland-led company
Inc focuses on metals for
electrification such
as copper, gold,
silver, nickel.
PepGen Inc $108 mln -28% Clinical-stage
biotech is developing
treatments for
neurological
diseases.
AN2 $79 mln -40% Menlo Park-based co
Therapeutic provides therapies
s Inc for treatment of
chronic diseases.
Hanover ~$27 mln -7% Offers financial
Bancorp Inc services, loans,
mortgages and card
services.
Intelligent $25 mln -84% Hong Kong-based
Living company designs lock
Application sets and smart
Group Inc security systems.
Nano Labs $20 mln -7% China-based chipmaker
Ltd designs products that
can be used for
cryptocurrency
mining.
Source: Dealogic
