US IPO statistics: 2022
84 companies priced US IPOs in 2022, raising $7.62B. The median deal raised $15.5M ($175M among deals over $25 million), and the largest was Corebridge Financial, Inc. at $1.68B. 5% of deals with a filed range priced above it and 25% below it.
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By quarter
| Quarter | IPOs | Raised |
|---|---|---|
| Q1 | 21 | $2.11B |
| Q2 | 26 | $2.14B |
| Q3 | 25 | $2.16B |
| Q4 | 12 | $1.22B |
By sector
| Sector | IPOs | Raised |
|---|---|---|
| Biotech & pharma | 25 | $1.63B |
| Technology | 15 | $1.25B |
| Industrials & materials | 11 | $185.1M |
| Consumer | 8 | $125.5M |
| Financials | 7 | $2.76B |
| Business services | 6 | $81M |
| Healthcare | 6 | $716.5M |
| Energy, mining & utilities | 4 | $854.1M |
| Agriculture | 1 | $14.7M |
| Real estate & finance | 1 | $13.5M |
By exchange
| Exchange | IPOs |
|---|---|
| Nasdaq | 74 |
| NYSE American | 5 |
| NYSE | 3 |
| Not stated | 2 |
Pricing versus the filed range
| Priced | Share of deals |
|---|---|
| Above the range | 5% |
| Within the range | 70% |
| Below the range | 25% |
Based on the 44 IPOs whose filings set a price range.
Largest IPOs
| Company | Priced | Raised | Market cap | Lead-left |
|---|---|---|---|---|
| Corebridge Financial, Inc. | Sep 16, 2022 | $1.68B | $13.54B | J.P. Morgan |
| TPG Inc. | Jan 14, 2022 | $1B | $8.81B | J.P. Morgan |
| Mobileye Global Inc. | Oct 27, 2022 | $861M | $961M | Goldman Sachs |
| Bausch & Lomb Corp | May 6, 2022 | $630M | $6.3B | Morgan Stanley |
| Excelerate Energy, Inc. | Apr 14, 2022 | $384M | $2.54B | Barclays |
| ProFrac Holding Corp. | May 16, 2022 | $288M | $2.52B | J.P. Morgan |
| HilleVax, Inc. | Apr 29, 2022 | $200M | $538.3M | J.P. Morgan |
| Credo Technology Group Holding Ltd | Jan 27, 2022 | $200M | $1.4B | Goldman Sachs |
| CinCor Pharma, Inc. | Jan 7, 2022 | $193.6M | $584.3M | Morgan Stanley |
| Amylyx Pharmaceuticals, Inc. | Jan 10, 2022 | $190M | $1.07B | Goldman Sachs |
Most active lead-left banks
| Bank | IPOs led |
|---|---|
| Boustead | 8 |
| Aegis Capital | 8 |
| ThinkEquity | 7 |
| Benchmark | 7 |
| Maxim Group | 5 |
| J.P. Morgan | 5 |
| Morgan Stanley | 4 |
| Craft Capital | 3 |
| Network 1 | 3 |
| EF Hutton | 3 |
Full rankings: 2022 IPO underwriter league table · every 2022 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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