Ticker LaunchUS IPO statistics: 2021
388 companies priced US IPOs in 2021, raising $135.41B. The median deal raised $163.9M ($210.5M among deals over $25 million), and the largest was Rivian Automotive, Inc. / DE at $11.93B. 19% of deals with a filed range priced above it and 13% below it.
2026 2025 2024 2023 2022 2021 2020 2019
By quarter
| Quarter | IPOs | Raised |
|---|---|---|
| Q1 | 99 | $36.54B |
| Q2 | 101 | $37.15B |
| Q3 | 102 | $26.94B |
| Q4 | 86 | $34.79B |
By sector
| Sector | IPOs | Raised |
|---|---|---|
| Biotech & pharma | 114 | $16.29B |
| Technology | 89 | $47.22B |
| Consumer | 50 | $18.11B |
| Healthcare | 32 | $6.54B |
| Industrials & materials | 30 | $20.58B |
| Financials | 29 | $12.9B |
| Business services | 22 | $9.27B |
| Real estate & finance | 6 | $804.8M |
| Energy, mining & utilities | 6 | $678.3M |
| Other | 6 | $1.79B |
| Transportation | 2 | $787.5M |
| Agriculture | 2 | $454M |
By exchange
| Exchange | IPOs |
|---|---|
| Nasdaq | 277 |
| NYSE | 96 |
| Not stated | 11 |
| NYSE American | 4 |
Pricing versus the filed range
| Priced | Share of deals |
|---|---|
| Above the range | 19% |
| Within the range | 68% |
| Below the range | 13% |
Based on the 207 IPOs whose filings set a price range.
Largest IPOs
| Company | Priced | Raised | Market cap | Lead-left |
|---|---|---|---|---|
| Rivian Automotive, Inc. / DE | Nov 12, 2021 | $11.93B | $67.12B | Morgan Stanley |
| Coupang, Inc. | Mar 11, 2021 | $4.55B | $60.03B | Goldman Sachs |
| DiDi Global Inc. | Jun 30, 2021 | $4.44B | $15.24B | Goldman Sachs |
| Nu Holdings Ltd. | Dec 9, 2021 | $2.6B | $41.48B | Morgan Stanley |
| GLOBALFOUNDRIES Inc. | Oct 29, 2021 | $2.58B | $25B | BofA Securities |
| Bumble Inc. | Feb 12, 2021 | $2.15B | $4.8B | Goldman Sachs |
| Robinhood Markets, Inc. | Jul 30, 2021 | $2.09B | $32.01B | Goldman Sachs |
| AppLovin Corp | Apr 15, 2021 | $2B | $16.8B | Morgan Stanley |
| Shoals Technologies Group, Inc. | Jan 28, 2021 | $1.93B | $4.16B | Goldman Sachs |
| Playtika Holding Corp. | Jan 15, 2021 | $1.88B | $11.06B | — |
Most active lead-left banks
| Bank | IPOs led |
|---|---|
| Goldman Sachs | 84 |
| Morgan Stanley | 53 |
| J.P. Morgan | 40 |
| BofA Securities | 38 |
| Jefferies | 17 |
| Maxim Group | 11 |
| Benchmark | 11 |
| ThinkEquity | 10 |
| Citigroup | 9 |
| Barclays | 7 |
Full rankings: 2021 IPO underwriter league table · every 2021 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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