"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:
Despite the pandemic, 2020 was the biggest year for IPOs since 2014, and I am confident that the positive trend will continue in 2021.
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.
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.
Scott Pinkner has assisted with many IPOs over his career. As a managing director at DFIN, he and his team of experts have helped many firms navigate their transition from private to public companies.