"Twenty-Five public debuts via SPAC mergers were the highlight of December while traditional IPOs took a holiday break with only fourteen offerings raising ~ $5 billion. As we look ahead to 2022, we are optimistic imbalances will normalize resulting in a healthy and stable pipeline for public listings."
Craig Clay, President, Donnelley Financial Solutions
Congratulations to the 63 issuers in December who made their public debut via an IPO raising ~$13 billion* including our clients:
For DFIN, 2021 was a record-setting year. Our company saw a surge in M&A and IPO activity. We had seven of the top 10 IPOs and more than doubled our 2020 IPO volume. Our support of more than 175 SPACs was over 200 percent greater than last year.
Preparing for an IPO is a major undertaking that requires the alignment of the entire organization. However, it is the finance team that really takes center stage. Tune in to see our interactive discussion in the webinar IPO Prep for the Finance and Accounting Team with Cross County Consulting and FloQast.
We'll discuss the key IPO considerations, which include:
"With the largest IPO since 2014 and the most active November in 20 years, there was a lot to be thankful for this month. SPACs continued to gain momentum raising over $11 billion and new SPAC filings were the busiest since March. As we close out the year, inflation, and the new Omicron variant is contributing to stock market fragility, but our robust pipeline lends to cautious optimism heading into the new year."
Since January 2020 there have been over 400 SPACs in the US alone, raising over 87 billion dollars. SPACs (or special purpose acquisition companies) are not new, but they are now attracting interest across the globe, especially in Asia, which has emerged as a hotspot for SPAC acquisitions. There, many upcoming and ready-to-be-listed tech unicorns and start-ups are ready to go public. This unprecedented growth has also led many stock exchanges in the APAC region to reimagine their SPAC regime and look at changing their regulations to meet evolving market demands.
"It was a SPACTOBER...The busiest month for SPACs since March and busiest October for traditional IPO filings in over a decade. Exchange bells are ringing, and records are breaking, as we close in on the new year."
Craig Clay, President, Donnelley Financial Solutions
Congratulations to the 103 issuers who made their public debut in October via an IPO raising ~$23 billion including our clients:
For any company planning to go public, the relationship between your outside counsel and your risk and compliance company is extremely important. A partnership that combines clear communication and leading technology helps avoid obstacles, including filing delays, missing SEC fees, document management issues, etc.
That’s why DFIN has built enduring working relationships with the most prominent law firms in the business.
While it may not be the first thing you think about when planning for a merger or IPO, sooner or later, your company will need to tackle investor relations. Read on to learn the basics of the investor relations role.
"After a slight summer pause in August, the strength in September made it the busiest Q3 in over 20 years. Q4 is expected to be filled with holiday cheer as the pipeline is ripe with companies looking to make their public debut before year end."
Craig Clay, President, Donnelley Financial Solutions
Congratulations to the 58 issuers who made their public debut in September via an IPO raising ~$16.5 billion including our clients:
Download our case study to understand how Venue responded to Abcam virtual data room requirements.
“As an agile, audacious and innovative company, we needed a provider that could match our scope and help us reach our ambitious goal of going public within 4 months. DFIN delivered brilliantly and was there to ensure a seamless process from start to finish.”
MARC PERKINS General Counsel and Company Secretary at Abcam