The IPO market had the biggest January on our records (25+ years) by IPO proceeds and deal count. The month's 18 IPOs raised $9.2 billion, or 4.5x more proceeds than the average January over the past decade.
January is typically a slow month, raising 50% less proceeds than the year's average. Not this year: January 2018 raised more capital than any month since September 2014, when Alibaba (BABA) went public.
A receptive IPO market
Broadly speaking, the market is ripe for new issuance. Volatility is still low, markets are near all-time highs, and recent