NYSE leads IPO race with over $5 billion raised so far this year

NYSE remains IPO leader in the US, having raised over $5 billion this year.

The New York Stock Exchange (NYSE) has raised $5.1 billion in US proceeds from initial public offerings (IPO) since the beginning of this year.

NYSE said the largest IPOs came from tech firms, and the exchange “remains the venue of choice for technology companies, having led technology listings since 2012.”

A report with statistics on NYSE’s IPO activities revealed it currently has 60% of market share of IPOs in the US, having listed 22 of the biggest US IPOs over the past two years.

NYSE has raised $63.8 billion in total IPO proceeds – since 1 July 2014 – for 23 IPOs.

Garvis Toler, global head of capital markets at NYSE, said its combination of human judgement and innovative technology helps to “ensure a smooth IPO process.”

NYSE group president, Tom Farley, said the stock exchange also has a “great pipeline of companies planning their IPOs across all sectors.”

He concluded: “As market volatility subsided in the second quarter, capital market conditions improved and we are well positioned going into the back half of 2016.”