Ticker LaunchUS IPO statistics: 2023
105 companies priced US IPOs in 2023, raising $18.33B. The median deal raised $12.2M ($235.8M among deals over $25 million), and the largest was ARM Holdings PLC /UK at $4.87B. 11% of deals with a filed range priced above it and 9% below it.
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By quarter
| Quarter | IPOs | Raised |
|---|---|---|
| Q1 | 27 | $2.12B |
| Q2 | 25 | $5.75B |
| Q3 | 30 | $7.73B |
| Q4 | 23 | $2.73B |
By sector
| Sector | IPOs | Raised |
|---|---|---|
| Consumer | 24 | $2.53B |
| Biotech & pharma | 20 | $2.61B |
| Industrials & materials | 12 | $4.48B |
| Technology | 11 | $6.12B |
| Financials | 10 | $560.5M |
| Energy, mining & utilities | 8 | $1.15B |
| Business services | 7 | $713.4M |
| Transportation | 4 | $55.8M |
| Real estate & finance | 3 | $31M |
| Healthcare | 3 | $36.2M |
| Other | 2 | $33M |
| Agriculture | 1 | $6.4M |
By exchange
| Exchange | IPOs |
|---|---|
| Nasdaq | 84 |
| NYSE | 14 |
| NYSE American | 7 |
Pricing versus the filed range
| Priced | Share of deals |
|---|---|
| Above the range | 11% |
| Within the range | 80% |
| Below the range | 9% |
Based on the 44 IPOs whose filings set a price range.
Largest IPOs
| Company | Priced | Raised | Market cap | Lead-left |
|---|---|---|---|---|
| ARM Holdings PLC /UK | Sep 14, 2023 | $4.87B | $52.33B | Barclays |
| Kenvue Inc. | May 4, 2023 | $3.8B | $41.56B | Goldman Sachs |
| Birkenstock Holding plc | Oct 12, 2023 | $1.48B | $8.64B | Goldman Sachs |
| Maplebear Inc. | Sep 20, 2023 | $660M | $8.3B | Goldman Sachs |
| Nextpower Inc. | Feb 10, 2023 | $638.4M | $1.01B | J.P. Morgan |
| Klaviyo, Inc. | Sep 20, 2023 | $576M | $7.56B | Goldman Sachs |
| ACELYRIN, Inc. | May 5, 2023 | $540M | $1.67B | Morgan Stanley |
| Oddity Tech Ltd | Jul 20, 2023 | $423.7M | $1.98B | Goldman Sachs |
| Savers Value Village, Inc. | Jun 30, 2023 | $401.2M | $2.89B | J.P. Morgan |
| AESI Holdings Inc. | Mar 10, 2023 | $324M | $1.8B | Goldman Sachs |
Most active lead-left banks
| Bank | IPOs led |
|---|---|
| Goldman Sachs | 10 |
| Boustead | 9 |
| J.P. Morgan | 8 |
| EF Hutton | 7 |
| Spartan Capital | 6 |
| Prime Number | 5 |
| Benchmark | 5 |
| Revere | 4 |
| WestPark | 3 |
| Maxim Group | 3 |
Full rankings: 2023 IPO underwriter league table · every 2023 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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Every Monday: the IPOs that priced and filed, SPAC deals and closings, and what is expected to price this week, from the filings.