In the first quarter of 2024, 46 new initial public offerings (IPOs) raised a combined total of $8.9 billion. The new year saw a slight increase in total IPOs from Q4 2023, and the proceeds raised more than doubled. Compared to the first quarter of 2023, the total number of IPOs decreased by only one, while IPO proceeds increased by 183%. Traditional IPOs dominated the overall public offering landscape this quarter, representing approximately 98% of all new IPOs.  

In this article, Audit Analytics takes a closer look at the IPO trends in the first quarter of 2024.