The initial public offering (IPO) market remained quiet last week, with only Ivanhoe Electric completing its offering. However, Ivanhoe was the first major IPO in the United States since mid-May, as volatility across the broader market has kept many would-be listers from pricing.
Ivanhoe Electric Inc.
The week ahead plans to be just as quiet, with only one micro-cap slated potentially list.
Nano Labs Ltd
The IPO market has remained notably quiet throughout most of 2022. Just 21 IPOs raised $2.1 billion to mark the slowest second quarter for the U.S. market since 2009, according to Renaissance Capital. Moreover, most of the listings throughout the year have been tiny, with larger IPOs--those valued at over $100 million--being scarce as Wall Street grapples with growing recession fears fuelled by multi-decades high inflation.