The rush of companies looking to go public won’t last much longer as the upcoming election limits the window of opportunity, write GinaChon and rob_cyran.
The number of completed U.S. initial public offerings in 2020 through Sept. 8, excluding special-purpose acquisition companies, totaled 111, the highest since 2018, according to Refinitiv data. The nearly $41 billion raised in those offerings is the largest amount since 2014.
One offering still to come is by managed-data warehouse firm Snowflake, which said in a Sept. 8 filing that it plans to raise up to $2.7 billion in an IPO. That’s based on selling 28 million shares at a price range between $75 and $85 per share. Separately, data analytics company Palantir Technologies held an investor day on Sept. 9 ahead of a direct listing planned for later this month.
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