Ticker LaunchUS IPO market statistics
103 companies have priced US IPOs in 2026 through Oct 19, 2026, raising $146.39B (-36% vs same point in 2025 by count). Every figure is read from SEC filings and updated each weekday.
IPOs by year
| Year | IPOs | Under $10M | Raised | Median deal | Median, deals over $25M | Median market cap | Priced above range | Priced below range |
|---|---|---|---|---|---|---|---|---|
| 2026 (to date) | 103 | 1 | $146.39B | $255.6M | $300.8M | $1.05B | 9% | 7% |
| 2025 | 185 | 66 | $39.54B | $15M | $308.3M | $140.4M | 19% | 7% |
| 2024 | 149 | 64 | $28.24B | $12M | $255M | $157M | 10% | 15% |
| 2023 | 105 | 43 | $18.33B | $12.2M | $235.8M | $111.5M | 11% | 9% |
| 2022 | 84 | 17 | $7.62B | $15.5M | $175M | $90.4M | 5% | 25% |
| 2021 | 388 | 4 | $135.41B | $163.9M | $210.5M | $1.01B | 19% | 13% |
| 2020 | 206 | 3 | $66.8B | $175M | $201.1M | $774M | 42% | 4% |
| 2019 | 158 | 6 | $43.47B | $106.7M | $125M | $603.3M | 22% | 19% |
Operating-company IPOs on US exchanges, read from each final prospectus. Excludes SPAC IPOs, direct listings, uplistings, closed-end funds and Reg A offerings. "Raised" is gross proceeds at the IPO price before the over-allotment option. Above and below range count only deals whose filings set a price range.
The median across all deals is pulled down by micro-cap IPOs, which is why the median for deals over $25 million is shown alongside it; most published IPO statistics leave micro-caps out. Micro-cap IPOs (under $10 million raised) made up much of the count in 2023–2025. Nasdaq has since tightened its listing standards for small offerings, including a $25 million minimum for companies based mainly in China that the SEC approved in 2026, so recent years have fewer but larger deals.
Each year in detail
More statistics
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The free weekly recap
Every Monday: the IPOs that priced and filed, SPAC deals and closings, and what is expected to price this week, from the filings.