Welcome to this fifth edition of Proskauer’s IPO Study. In it you will find our analysis of market practices and trends for U.S.-listed initial public offerings (IPOs). Our proprietary database and analyses now cover 462 IPOs that priced between 2013 and 2017.
The 2017 IPO Market -
Increase in base deal size -
Reversing a two-year trend, we saw an increase in the average and median base deal size. In 2017, the average base deal size was $285 million and the median base deal size was $141 million, compared to $214 million and $116 million in 2016, respectively. Driving these increases was a decrease in the percentage of smaller deals (between $50 million and $100 million in base deal size) relative to the overall IPO market in 2017 as compared to 2016. While there was a decrease in the number and percentage of mega deals (deals over $1 billion base deal size), there was an increase in the number and percentage of deals within the $250 million and $1 billion range.
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