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IPOs Hitting a Record Again

It is a great time for venture-backed companies to consider going public.  The window for IPOs can be very fickle - it can open and close on a moment's notice.  I have been recommending to all of my clients that they consider tapping the private and public markets while the financing is available.  Going public can be a great way to achieve liquidity for existing investors, including founders and employees, and can provide access to a large amount of financing to help grow the company's business.  I have told my clients over many years based on my 35 years as a corporate attorney that cash is a competitive advantage.  Now is a good time to get that advantage while you can!

Some 132 issuers went public in February, including 98 SPACs, raising more than $37 billion in proceeds, according to figures compiled from Nasdaq's website and research firm Renaissance Capital. February's output of SPAC offerings and traditional IPOs was the highest ever for one month, according to Renaissance Capital, topping a furious January that produced 117 offerings.

Tags

venture-backed, ipo, going public