"2020 - an unforgettable year for IPOs! As I look back on all the successes we shared with our clients - perseverance, hard work, compassion, and great partnerships led us to successfully complete 197 IPOs during a year with so many challenges. An incredibly active pipeline, robust valuations, vaccine deployment and newfound hope brings much optimism for 2021."

Craig Clay, President, Donnelley Financial Solutions

Congratulations to the 74 December issuers and their advisors on the successful completion of their IPO. DFIN was proud to have serviced:

"As we close out 2020, the normal holiday pause has been replaced with a holiday party as issuers line up to make their public debut before year end.  Soaring valuations are moving technology companies to the front of the line."

Craig Clay, President, Donnelley Financial Solutions

Congratulations to the 44 November issuers and their advisors on the successful completion of their IPO. DFIN was proud to have serviced:

"It was a SPACtober....SPAC pricings for the month surpassed prior full year totals and a record number of healthcare public debuts contributed to one of the busiest months on record. Aside from a slight election week pause, 2020's IPO window remains open giving an optimistic end to a trying year. "

CRAIG CLAY, PRESIDENT, DONNELLEY FINANCIAL SOLUTIONS

Congratulations to the 96 October issuers and their advisors on the successful completion of their IPO. DFIN was proud to have serviced:

Congratulations to the 70 September issuers and their advisors on the successful completion of their IPO. DFIN was proud to have serviced the following:

Investment Outlook: 2021 Looks Bright – a blog by Craig Clay, President of Global Capital Markets, DFIN

Despite the pandemic, 2020 was the biggest year for IPOs since 2014, and I am confident that the positive trend will continue in 2021.

Singapore Exchange is an internationally recognized REIT hub

In 2019, Singapore locked in its position as the global REIT hub: 44% of REIT IPOs worldwide debuted on the Singapore Exchange (SGX), more than anywhere else. Over 80% of Singapore REITs (S-REITs) hold overseas assets, including US and UK office, retail and hospitality properties.

SPAC Transactions

The numbers alone speak volumes. As of mid-September 2020, 95 SPACs (special purpose acquisition companies) with a valuation of approximately $35 billion had priced year to date, shattering “all previous records,” said Craig Clay, President of Global Capital Markets for Donnelley Financial Solutions. In contrast, he said, for the full year of 2019, 59 SPACs had priced, and even this represented a sizeable increase over 46 in 2018 and 34 in 2017.