[author: Carlos Juarez]
PwC recently released its 2017 Annual US Capital Markets Watch report. The report notes a 77% increase from 2016 in the number of IPOs, with 181 IPOs completed in 2017, raising $44.2 billion in proceeds. The average size of IPOs in 2017 was $244 million.
The pharmaceuticals and life sciences sector was the most active sector for IPOs in 2017 with 42 deals, raising $4.0 billion. The special purpose acquisition company (SPAC) sector completed 33 IPOs, raising almost $9 billion. While the technology, media and telecommunications (TMT) sector accounted for fewer IPOs than the previously mentioned sectors, the 33 IPOs raised $12.3 billion in 2017.
To read PwC’s full report, visit: https://goo.gl/RVKXfu
[View source.]
