IPOs

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 PDF

Last week, we released our 3Q19 report on the top law firms; read it here. PDF
At the end of the quarter, we released our 3Q19 IPO Market Reviewread it herePDF

The article 3Q19 IPO Rankings for the Big Four Accounting Firms originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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