SPAC IPO Volume – U.S. SPAC Capital Raised So far, only 6 new SPAC IPOs have come to market in Q2 this year, as the SEC is stepping up scrutiny of SPAC companies. Image: Goldman Sachs Global Investment Research
Announced IPOs Including SPACs Will 2021 be the year of the SPAC bubble? Image: J.P. Morgan
Number of SPAC IPOs SPAC IPOs are booming. Are they in a bubble? Image: BofA Global Research
% of IPO that Are Unprofitable More and more unprofitable companies are going public. Image: BofA Research Investment Committee
Initial Public Offerings (IPOs) and Secondary Equity Offerings (SEOs) and S&P 500 Fwd 12-Month P/E – Leading Indicator Peaks in equity market issuance tend to precede peaks in S&P 500 P/E multiples. Image: BofA Research Investment Committee
S&P 500 Growth Index and Percent of IPOs with Negative EPS Growing signs of speculation and optimism, as more unprofitable companies are going public. Image: Alpine Macro
Ten Largest U.S. Tech Company IPOs IPOs are benefiting from the new bull market, as three of the 10 largest U.S. tech IPOs have happened this year. Image: CNBC
IPO Market in the U.S. The U.S. IPO market heats up in 2020, but more unprofitable companies are going public. Image: Bloomberg
IPO and Secondary Offerings Net S&P 500 Buybacks This is the first time since 2009 that equity issuance is higher than S&P 500 buybacks. Image: BofA Global Investment Strategy
IPO ETF – IPO U.S. Equity IPO ETFs are skyrocketing this year. Are investors on the cusp of the next dot-com bubble? Image: BofA Global Investment Strategy
% of IPO with Negative Earnings Growth at any cost? This chart shows the rise of loss-making companies going public. Image: Topdown Charts