Market Overview

Ipreo Reviews IPO Market Characteristics For Summer 2016

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Ipreo Reviews IPO Market Characteristics For Summer 2016

According to the market intelligence firm, Ipreo, the months of June through August generated $4.0 billion in proceeds from 23 deals year-to-date. Ipreo added that this figure is "well below" the $11.3 billion in proceeds that were generated from 54 deals in Summer 2015 and $18.7 billion from the 70 deals generated in Summer 2014.

However, Ipreo noted that Summer 2016's figure was larger than Summer 2012 as the 22 deals combined for just $3.1 billion in proceeds.

The largest IPOs of this summer, according to Ipreo's data, include Line Corp (ADR) (NYSE: LN) ($722.5 million) which also doubled as the largest tech IPO since October 2015. Patheon NV (NYSE: PTHN) ($625.0 million) was the largest healthcare-related IPO since March of 2015, and First Hawaiian Inc (NASDAQ: FHB) ($557.8 million), which was also the largest financial IPO since June 2015.

Related Link: A Closer Look At What Could Be The World's Largest IPO

The largest one-day increase was Twilio Inc (NYSE: TWLO), as shares surged nearly 92 percent. In fact, the IPO was also the first of its kind in 2016 to price above its filing range and is now higher by more than 250 percent from its offering price of $15.00.

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