Factbox-U.S. IPO activity plunges as Ukraine war triggers volatility

08/10/2022

1 minute read

2022.08.10 12:33

Factbox-U.S. IPO activity plunges as Ukraine war triggers volatility
FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2022. REUTERS/Andrew Kelly

(Reuters) – Market volatility triggered by Russia’s invasion of Ukraine and soaring global interest rates has forced investors to pull back from backing initial public offerings, resulting in a dramatic decline in stock market listings in the United States.

According to data from Refinitiv, 2022 is on track to be the worst year for U.S. listings since 2009, with IPOs having raised roughly $5 billion in the first seven months this year – a 96% decline from the same period in 2021, according to Refinitiv.

Nevertheless, some companies have braved a frigid IPO market and gone public on U.S. stock exchanges this year.

Following is a list of the 10 largest IPOs since March:

Company Capital Stock Background

raised performance

since

listing

Bausch + $712 mln -16% in New Eyewear co, was taken

Lomb Corp York private by private

equity firm Warburg

-17% in Pincus in 2007, and

Toronto later by Canada-based

Valeant