2016 IPOs

Initial public offerings in 2016 were at their lowest level since 2009, and proceeds from those IPOs were at their lowest total since 2003.

Only 105 companies went public in 2016, down from 170 in 2015, and 275 in 2014. Proceeds fell to only $18.8 billion, the lowest since $15.2 billion in 2003. The median deal size this year was $95 million, up slightly from $94 million last year, but down from $100 million in 2014.

AveXis, which raised $95 million on Feb. 10. Up 168% year-to-date.

Novan, which raised $45 million on Sept. 20. Up 134% year-to-date.

Impinj., which raised $67 million on July 20. Up 150% year-to-date.

Reata Pharmaceutical Inc., which raised $61 million on May 25. Up 105% year-to-date.

The worst-performing IPO was PhaseRx, a Seattle-based preclinical biopharmaceutical company, which went public in May, raising $19 million. Shares rose 0.4% on the first day, and are now down 72% since their debut.

1. Lamb Weston (LW); NYSE;  9 November 2016
2. Forterra (FRTA); NASDAQ;  20 October 2016
3. Azure Power Global (AZRE); NYSE;  12 October 2016
4. Extraction Oil & Gas (XOG); NASDAQ;  12 October 2016
5. Coupa Software (COUP); NASDAQ;  6 October 2016
6. Nutanix (NTNX); NASDAQ;  30 September 2016
7. AC Immune (ACIU); NASDAQ;  23 September 2016
8. e.l.f. Beauty (ELF); NYSE;  22 September 2016
9. Noble Midstream Partners LP (NBLX); NYSE;  16 September 2016
10. The Trade Desk (TTD); NASDAQ;  12 September 2016
11. At Home (HOME); NYSE;  4 Aug 2016; acquired by Hellman & Friedman for $2.8 billion.  (July 2021)
12. Talend (TLND); NASDAQ;  29 July 2016
13. Kadmon (KDMN); NYSE;  27 July 2016
14. Aptevo Therapeutics (APVO); NASDAQ;  22 July 2016
15. Impinj (PI); NASDAQ;  21 July 2016
16. Audentes Therapeutics (BOLD); NASDAQ;  19 July 2016
17. AdvancePierre (APFH); NYSE;  15 July 2016; acquired by Tyson Foods (TSN) for for $4.2 bln. (April 25, 2017)
18. Pulse Biosciences (PLSE); NASDAQ;  18 May 2016
19. Acacia Communications (ACIA); NASDAQ;  12 May 2016; Acquired by Cisco Systems (CSCO) for $4.5 billion. (Jan 2021)
20. Turning Point Brands (TPB); NYSE;  11 May 2016
21. Red Rock Resorts (RRR); NASDAQ;  27 April 2016
22. SecureWorks (SCWX); NASDAQ;  22 April 2016
23. Corvus Pharmaceuticals (CRVS); NASDAQ;  23 March 2016
24. Proteostasis Therapeutics (PTI); NASDAQ;  11 February 2016
25. Editas Medicine (EDIT); NASDAQ;  3 February 2016
26. BeiGene (BGNE); NASDAQ;  3 February 2016

The best performing IPOs: four were in tech, four were in healthcare, and two were financials.

Acacia Communications (ACIA), a Massachusetts-based tech infrastructure company, was the best-performing IPO on the year. It went public on May 12, with shares pricing at $23, the top of its range, raising $104 million. It rose 35% its first day of trading. It is up 192% year-to-date.  Acquired by Cisco Systems (CSCO) for $4.5 billion. (Jan 2021)