The U.S. IPO market has kept a steady pace through the second half of 2018, according to EY’s quarterly IPO trends report.

54 IPOs were completed in the second quarter of 2018, raising $12.9 billion, which amounts to a total of 101 IPOs, raising $29.9 billion for the first half of the year.  This is a 20% year-over-year increase in proceeds, and a 30% year-over-year increase in volume compared to the second half of 2017.

The median deal size for IPOs in the second quarter was $124.2 million, with only one IPO raising over $1 billion in proceeds.

The technology sector saw both the highest number of IPOs completed and the most proceeds raised in the second quarter of 2018, with 17 transactions, raising $5.1 billion.  Many of these tech sector-IPOs were done by unicorn companies.  Below we provide a graph of the top five sectors by number of IPOs based on EY’s data.

In addition, EY reports that 39 of the newly public companies chose to list on the Nasdaq, while 15 listed on the NYSE during the second quarter of 2018.

For more, see EY’s Global IPO trends: Q2 2018 report.