The 3Q20 IPO Market’s Law Firm Leaderboard

The 3Q20 was a record-breaking quarter for IPO activity, with 81 IPOs raising $28.5 billion. Soaring peer multiples and IPO enthusiasm caused activity to increase significantly from the 3Q19, when 39 IPOs raised $10.8 billion. Healthcare was the most active sector, as larger health services providers joined the steady stream of biotechs, followed by tech which saw a surge of activity in September. With every IPO requiring at least two legal firms, one for issuers and one for underwriters (and some hiring as many as seven), the 3Q20 saw 216 legal engagements (414 including SPACs) with 72 law firms.

View our Report on The Most Active Legal Firms of the 3Q20 IPO MarketPDF

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The article The 3Q20 IPO Market’s Law Firm Leaderboard originally appeared on IPO investment manager Renaissance Capital’s web site

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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