3Q19 IPO Rankings for the Big Four Accounting Firms
In the 3Q19, 39 IPOs raised $10.8 billion. The healthcare and technology sectors led IPO activity, featuring biotechs and software unicorns. While the quarter started off strong, IPO returns were later hit by volatility and a contraction in growth stocks. The Big Four accounting firms appeared on 34 of the 39 IPOs (87%), representing 93% of proceeds. 14 SPACs also raised $3 billion in the IPO market. With every deal requiring audited financials, there were 53 auditing engagements with 13 accounting firms.
View our 3Q19 US IPO Auditor Rankings
Last week, we released our 3Q19 report on the top law firms; read it here.
At the end of the quarter, we released our 3Q19 IPO Market Review; read it here.
Investment Disclosure: Renaissance IPO ETF (symbol: IPO) Renaissance International ETF (symbol: IPOS)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.