US stock exchanges prepare for IPO flood – report

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Over 100 companies are expected to list on US stock exchanges by the end of 2021, in what has been the busiest year for IPOs since 2000, the news website Axios reported.


So far, 279 companies have completed US IPOs in 2021, compared with 218 last year, the report said. The figures do not include Special Purpose Acquisition Company (SPAC) IPOs, which have risen to 423 this year from 248 in 2020.


There was a lull in listings in the past month due to the summer holiday, but numbers are now set to pick up again.


Notable companies already on file to go public include Warby Parker, Fresh Market, iFit, Toast, Sportradar, Allbirds, Sweetgreen and Authentic Brands Group.


Yogurt maker Chobani and electric car maker Rivian are among those that have filed confidentially with the SEC, while reports persist that Reddit, Discord, Flipcart and Instacart are still considering 2021 listings, Axios reported.


The news website said the fourth-quarter surge is expected to continue into 2022, due to the record amount of money that continues to be invested in privately-held start-ups.

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