"In the first quarter of 2022, macro-economic uncertainty and geopolitical unrest stalled the capital markets. Q1 concluded with only 5 IPOs over $100 million and deal terminations and SPAC withdrawals dominated market activity. Non-emerging growth companies like Fresh Market Holdings could bring much needed life to the IPO market in Q2."
Craig Clay, President, Donnelley Financial Solutions
Congratulations to the 14 issuers in March who made their public debut via an IPO raising just over $1.25 billion* including our clients:
- Kensington Capital Acquisition IV
- Sound Point Acquisition I
- SHUAA Partners Acquisition
- AN2 Therapeutics
Separate congratulations to the 8 companies who made their public debut via a SPAC merger in March with an enterprise value of just under $12 billion including our clients:
- Allego NV
- Alpha Tau Medical
- PropertyGuru
- Rigetti
- Starry
- Swvl
