Oct. 5, 2026
Blockbusters mask weak IPO market
U.S. IPOs fell to their lowest quarterly count in nearly three years in the third quarter, even as mega-offerings from SpaceX and SK Hynix have put 2026 on pace to be one of the biggest years ever by proceeds, leaving smaller companies largely shut out of the market.
U.S. initial public offerings fell to their lowest level in nearly three years during the third quarter, even as two blockbuster offerings have put 2026 on pace to be one of the biggest IPO years ever by proceeds.
Just 30 companies went public during the quarter, the fewest since the fourth quarter of 2023, according to Renaissance Capital. They raised $32.8 billion, an impressive number, but $26.5 billion came from South Korean chipmaker SK Hynix Inc.'s U.S. ADR offering.
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