Fundraising through initial public offerings reached new heights, with companies securing a significant amount of money. The total raised was the highest in nearly four decades. Despite a decline in the market, companies were able to raise substantial funds.

The number of issues decreased, but the average size of each issue increased. This surge in fundraising came as a surprise, given the current market conditions.

Further information on this trend is available, including details on the performance of the market and the impact of foreign investor selling.