The IPO market was reinvigorated in 2021, breaking prior records. In aggregate, in 2021, there were 407 IPOs, which raised $139.3 billion in proceeds.  As companies stay private longer, market capitalization of public companies at IPO continues to rise.  The median market capitalization for an IPO issuer in 2021 was $928.1 million, with a median of $164.7 million per deal raised, in 2021.

In this What’s the Deal? guide, we provide an overview of the IPO process, including the considerations related to becoming a public company.