The IPO pipeline this fall is filling up quickly. The IPO market has already had its busiest year since the internet bubble in 2000, and the fall will likely set a record. Roughly 90 to 110 initial public offerings are expected in the next four months, putting 2021 on track for about 375 deals raising $125 billion, according to a new report from Renaissance Capital. CNBC said,
"Should that happen, it would make 2021 the biggest year ever for total capital raised and the busiest year by deal count since the 2000 internet bubble."
"Many other consumer brand names have not yet formally filed but have a strong chance of going public this year. Tech firms are also well-represented, including digital payment processor Toast. Mobil payments processor Stripe is also a potential candidate. Several crypto firms have also filed to go public, including alternative energy crypto miner Stronghold Digital Mining. Other potential candidates include TPG (a global asset manager) and Republic Airways (a regional airline). There's even an electric vehicle maker, Rivian Automotive, a maker of electric trucks/SUVs, that has also reportedly filed to go public."
The eSports industry also entered the fray. Earlier this year, Esports Technologies, Inc. (NASDAQ:EBET), a technology company developing and operating platforms focused on esports and competitive gaming. On April 15, 2021, the company opened for trading at $21 after pricing 2,400,000 shares of its common stock at a price of $6.00 per share. Shares continued to an intra-day high of $35.87 and closed at $24.59. And its not just traditional IPOs that have been active, but SPAC’s have also done well in the market. Active tech companies in the markets today include: Esports Technologies (NASDAQ: EBET), Digital World Acquisition Corp. (NASDAQ: DWAC), Affirm (NASDAQ: AFRM), ShiftPixy, Inc. (NASDAQ: PIXY), Roblox (NYSE: RBLX).
"Shattering every SPAC record in the book, 415 blank-check companies have raised $109 billion in 2021, with 310 other special purpose acquisition companies currently on file to raise over $70 billion more."
An article in Fortune said,
"In 2021, a total of 486 SPACs have debuted in the U.S., raising $135.8 billion in the process, according to SPAC Research. By comparison, 247 SPACs listed in the U.S. a year ago, having raised $83.4 billion."
Information provided by FinancialNewsMedia.