Ticker LaunchUS IPO statistics: 2020
206 companies priced US IPOs in 2020, raising $66.8B. The median deal raised $175M ($201.1M among deals over $25 million), and the largest was Airbnb, Inc. at $3.49B. 42% of deals with a filed range priced above it and 4% below it.
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By quarter
| Quarter | IPOs | Raised |
|---|---|---|
| Q1 | 23 | $3.8B |
| Q2 | 36 | $9.73B |
| Q3 | 77 | $26.05B |
| Q4 | 70 | $27.23B |
By sector
| Sector | IPOs | Raised |
|---|---|---|
| Biotech & pharma | 87 | $18.61B |
| Technology | 35 | $16.04B |
| Business services | 18 | $11.15B |
| Healthcare | 17 | $3.48B |
| Financials | 14 | $5.64B |
| Consumer | 13 | $4.47B |
| Industrials & materials | 11 | $4.51B |
| Real estate & finance | 6 | $2.62B |
| Energy, mining & utilities | 2 | $150M |
| Transportation | 1 | $12M |
| Other | 1 | $12.6M |
| Agriculture | 1 | $96M |
By exchange
| Exchange | IPOs |
|---|---|
| Nasdaq | 166 |
| NYSE | 29 |
| Not stated | 8 |
| NYSE American | 3 |
Pricing versus the filed range
| Priced | Share of deals |
|---|---|
| Above the range | 42% |
| Within the range | 54% |
| Below the range | 4% |
Based on the 112 IPOs whose filings set a price range.
Largest IPOs
| Company | Priced | Raised | Market cap | Lead-left |
|---|---|---|---|---|
| Airbnb, Inc. | Dec 11, 2020 | $3.49B | $40.63B | Morgan Stanley |
| DoorDash, Inc. | Dec 9, 2020 | $3.37B | $32.4B | Goldman Sachs |
| Snowflake Inc. | Sep 16, 2020 | $3.36B | $33.2B | Goldman Sachs |
| Lufax Holding Ltd | Oct 30, 2020 | $2.36B | $16.46B | Goldman Sachs |
| Royalty Pharma plc | Jun 17, 2020 | $2.18B | $16.67B | BofA Securities |
| KE Holdings Inc. | Aug 13, 2020 | $2.12B | $49.94B | Goldman Sachs |
| Dun & Bradstreet Holdings, Inc. | Jul 2, 2020 | $1.72B | $8.91B | Goldman Sachs |
| PPD, Inc. | Feb 6, 2020 | $1.62B | $9.16B | Barclays |
| Maravai Lifesciences Holdings, Inc. | Nov 23, 2020 | $1.62B | $6.96B | Morgan Stanley |
| Xpeng Inc. | Aug 28, 2020 | $1.5B | $6.23B | Credit Suisse |
Most active lead-left banks
| Bank | IPOs led |
|---|---|
| Goldman Sachs | 40 |
| BofA Securities | 24 |
| J.P. Morgan | 22 |
| Morgan Stanley | 22 |
| Jefferies | 11 |
| ThinkEquity | 6 |
| Barclays | 5 |
| Credit Suisse | 5 |
| Citigroup | 5 |
| Benchmark | 3 |
Full rankings: 2020 IPO underwriter league table · every 2020 IPO
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.
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