All values are US$ unless otherwise noted.Q1 2020 and Q1 20 refer to the first quarter of 2020 and cover priced IPOs from 1 January 2020 to 17 March 2020 plus expectedIPOs by the end of 31 March 2020. Company Name Proposed Symbol Exchange Price Range Shares Week Of; 908 Devices: MASS: Nasdaq: $15.00 - $17.00: 6,250,000: 12/14/2020: Americas Technology Acquisition Together, the Big Four audited 20 IPOs, or 54.1%, of the IPO market in Q1 2020. All data contained in this document is sourced from Dealogic, CB Insights, Crunchbase and EY unless otherwise noted. Out of the 37 IPOs in U.S. markets this quarter, 12 were blank check companies. Auditor Market Share – Excluding Blank Check Companies. Learn how KPMG Private Enterprise advisers can help you be successful at each stage of your journey. Without blank check companies, the Big Four holds the lead in terms of IPO count and amount raised. The IPO Insights report series delivers the latest information and analysis on quarterly IPO activity and performance to help business leaders take their companies to the next level. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. Now is the time to build the business. (508) 476-7007 | 9 Main Street Suite 2F, Sutton, MA 01590. PwC still led with 7 IPO clients, the most for all firms in Q1. Healthcare listings dominated the IPO market in the first quarter. Interestingly, the IPO activity this quarter was still the third highest in terms of amount raised and IPO count in Q1 since 2016. Expect to see some pre-IPO candidates step up their investment into new technologies and R&D. Healthcare listings dominated the IPO market in the first quarter. Subscribe to receive pertinent information that will help you drive value for your private company. Data is up to 18 March 2020, 9 a.m. UK time. Despite the COVID-19 pandemic impacting global IPO markets, Hong Kong and Mainland China’s IPO markets performed well in Q1 2020, with the Shanghai Stock Exchange (SSE) claiming the top spot in terms of IPO funds raised (US$ 9.9 billion), mainly due to the popularity of the STAR Market, and the Hong Kong Stock Exchange … In terms of proceeds, Deloitte’s 3 IPO clients raised over $3.2 billion, the highest amount raised this quarter. All rights reserved. While the markets remain shut for IPOs, expect PE and VC investors to start redeploying some of their dry powder into reinforcing their most viable portfolio companies. PwC still led with 7 IPO clients, the most for all firms in Q1. That being said, there may also be opportunities for investments in companies with solutions ideally suited to our ‘new reality’ post-COVID. The top IPO this quarter, PPD, Inc., was audited by Deloitte and represented by Simpson Thacher & Bartlett and Latham & Watkins. So far this year, there have been 194 traditional IPO deals raising $67B vs. 230 SPACs which raised more than $77B. The pace of traditional IPOS was good in 2020, but it was even better for SPACs. There have been 450 IPOs on the US stock market this year, as of December 14, 2020. Global IPO exchange activity also gained momentum in Q1 2020, with 235 IPOs raising $28.5bn during Q1 2020, compared to $15.1bn in the same quarter of the previous year. Only 29 percent of the IPOs ended the quarter in positive territory (versus a five-year average of 63 percent). However, SPACs did manage to IPO a total of 13 deals for gross proceeds of $3.925 billion in the Q1 2020, so it’s still a fairly robust number. Matthew … Q1 2020 IPO Activity Is the Weakest in Three Years There were just 35 IPOs in the first quarter, down 35% from the 54 companies in Q4 2019 and 15% lower than Q1 2019 when the U.S. … Asia-Pacific prevailed with 160 IPOs and US$16.8b in proceeds in Q1 2020, a 28% and 110% increase compared with Q1 2019, respectively, and these accounted for 68% of the global deal numbers and 59% by proceeds. The table below displays the auditor market share for IPOs in Q1 2020, excluding blank check companies. GFL Environmental Inc., a waste management company, raised $1.4 billion, the second highest IPO this quarter in terms of proceeds, ranking as the 80th highest IPO since 2000. Just under 30% of IPO issuers in Q1 2020 were “pre-revenue”, compared to only 21% for full year 2019 and 40% in Q1 2020. Q1 2020 Highlights Q1 2020 exit activity slowed in early March; of the 24 IPOs recorded in Q1, just two were brought to market in March. © 2020 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. Q1 2020 (i.e., January-March) is based on priced IPOs as of 17 March 2020 and expected IPOs in March 2020. Interactive half day sessions giving you the tools you need to prepare for your IPO. In September 2019 Poshmark decided to Delay IPO until 2020 . This was surprising, as market volatility has reached an all-time high since the 2008 financial crisis. That is +94.8% more than the same time in 2019, which had 231 IPOs by this date. Quarterly reports analyzing the latest global and regional trends in venture capital and fintech investment. These 37 IPOs raised over $9.8 billion, an increase of over $2 billion from the same period last year and an increase of over $1 billion from last quarter. For more information on this analysis, or to request a demo of our IPO database, please contact us. KPMG does not provide legal advice. Learn which companies are planning to go public soon, and when they are scheduling their IPOs. One of Big D’s clients, PPD Inc., was the top IPO … Partner, National Leader, KPMG Private Enterprise, KPMG US. Just under 40% of IPO issuers in the first half of 2020 disclosed a material weakness in internal controls over financial reporting, generally in line with full year 2019. This represents a 14-fold increase when compared to the $57.6 million raised from one IPO in the same period last year, global consultant EY said in its MENA IPO … Mainland China and Hong Kong 2020 Q1 review: IPOs and other market trends Mainland China and Hong Kong 2020 Q1 review KPMG’s analysis and review of the mainland China and Hong Kong IPO markets in 2020 Q1 … The Big Four audited 19 IPOs, or 76%, of the IPO market in Q1 2020. Only 29 percent of the IPOs … U.S IPO market results in Q2 2020 posted a strong bounce-back later in the quarter after a slow start due to the effects of the Covid19 pandemic on stock markets. The MENA region recorded an increase in IPO volume and value during Q1 2020, with four IPOs raising total proceeds of $814.2 million. PPD, Inc., a contract research organization company, raised over $1.6 billion – topping the charts in terms of proceeds this quarter and ranking as the 65th highest IPO since 2000. Appendix: Q1 2020 global IPOs … The Big Four audited 19 IPOs, or 76%, of the IPO market in Q1 2020. Q1 2020 (i.e., January-March) is based on priced IPOs as of 17 March 2020 and expected IPOs in March 2020. A blank check company is a development stage company that has no specific business plan or purpose, or has indicated its business plan is to engage in a merger or acquisition with an unidentified company or companies, other entity, or person. There were four unicorns this quarter: PPD, Inc. [PPD], GFL Environmental Inc., Reynolds Consumer Products Inc. [REYN],  and Churchill Capital Corp III [CCXX.U]. The latest information on initial public offerings (IPOs), including latest IPOs, expected IPOs, recent filings, and IPO performance from Nasdaq. #Auditor Market Share for 37 #IPO companies in Q1 2020, PwC [18.9%], Marcum [18.9%], Withum [18.9%], KPMG [18.9%], Deloitte [8.1%], EY [8.1%], and all other firms [8.1%], — Audit Analytics (@AuditAnalytics) April 9, 2020. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. 33 of the 37 IPO companies, or 89.2%, elected to register as emerging growth companies (EGCs) in Q1 2020. Find out what KPMG can do for your business. And the results do show quite a bit of … The IPO market started strong this quarter but quickly changed as the growing concerns of coronavirus (COVID-19) rapidly increased, creating market volatility at its highest level since the 2008 financial crisis. Cantor, which led the Underwriting League in 2019, and ranked third in Q1 of 2019, didn’t register any deals in Q1 of 2020, however, Cantor does have the $150 million Collective Growth, on file … All unicorns are American companies with the exception of GFL Environmental Inc., which is a Canadian company. Total IPOs by Quarter. Conor Moore, Leader, KPMG Private Enterprise. Even though Deloitte audited only three IPOs in the first quarter, their clients raised more than $3.2 billion, the highest amount raised this quarter. Together, the Big 4 audited 20 IPOs, or 54.1% of the IPO market in Q1 2020. Until the stock markets stabilize, consider the IPO markets shut. It will be interesting to see if there are continuing impacts from the pandemic on IPO activity as the year progresses. Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities. Data is up to 18 March 2020, 9 a.m. UK time. In Greater China, IPO … Deloitte also maintains its top spot in terms of gross proceeds … The Mainland market ended Q1 2020 … The number of IPOs in Q1 2020 was up by 28 (16%) on Q1 2019 Q1 2020 IPOs raised $35.7bn (78%) more than Q1 2019, however, there was a notable drop off in March # The overallotment exercised in Q1 2020 … Although its IPO funds dwindled, its number of new listings was 1st among all stock exchanges in Q1 2020," comments Edward Au, Deloitte China Southern region managing partner and co-leader of the National Public Offering Group. For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance. There were 37 initial public offerings in U.S. markets between January 1, 2020, and March 31, 2020. Q1 2020 exit activity slowed in early March; of the 24 IPOs recorded in Q1, just two were brought to market in March. PwC followed with a total of $2.1 billion from their 7 IPO clients. A-share IPOs: 2020 Q1 highlights The Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) are expected to record 51 new listings for a combined RMB 78.6 billion in 2020 Q1, … No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. GFL Environmental Inc., was also audited by Deloitte and represented by Stikeman Elliott and Davies Ward Phillips & Vineberg. KPMG professionals review and provide their perspectives on the state of the venture capital, IPO and M&A market, including insights on what’s in store for 2020. • Q2 2020 saw a lower number of IPOs as compared to Q1 2020 (#207), however, proceeds of $42.3bn were up 18% from the first quarter. … IPO activity was significantly lower than Q2 2019. Subscribe to the IPO Insights Report Series. Deloitte also maintains its top spot in terms of gross proceeds with 3 IPO clients raising over $3.2 billion. 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