2018 IPOs

Global IPO market in 2018 (as of Dec. 21)

1. Hong Kong: 17.6% share of the global IPO market; 125 companies raised $36.5 billion; the highest tally since 2010 and up more than 175% from 2017.
2. New York Stock Exchange (NYSE): 64 IPOs raised $28.9 billion. That accounts for 13.9% of the global IPO market.
3. Tokyo.   (more below)

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U.S. IPOs in 2018:  211 companies had held IPOs this year, 35% more than in 2017 (as of Dec. 20).

1. Dell Technologies (DELL); NYSE; 28 December 2018
2. Tencent Music Entertainment Group (TME); NYSE; 11 December 2018
3. Synthorx (THOR); Nasdaq; 7 December 2018; acquired by Sanofi Dec 9, 2019
4. Moderna (MRNA); Nasdaq; 7 December 2018
5. Vapotherm (VAPO); NYSE; 14 November 2018
6. StoneCo (STNE); Nasdaq; 25 October 2018
7. Pintec Technology (PT); Nasdaq; 25 October 2018
8. YETI Holdings (YETI); NYSE; 25 October 2018
9. SolarWinds (SWI); NYSE; 19 October 2018
10. Niu Technologies (NIU); Nasdaq; 19 October 2018
11. Equillium (EQ); Nasdaq; 12 October 2018
12. Anaplan (PLAN); NYSE; 12 October 2018; acquired by the private equity firm Thoma Bravo for $10.7 billion. (March 2022)
13. Allogene Therapeutics (ALLO); Nasdaq; 11 October 2018
14. Livent (LTHM); NYSE; 11 October 2018
15. Elastic (ESTC); NYSE; 5 October 2018
16. Upwork (UPWK); Nasdaq; 3 October 2018
17. Domo, Inc. (DOMO); Nasdaq; 29 September 2018
18. Arco Platform (ARCE); Nasdaq; 26 September 2018
19. Viomi Technology (VIOT); Nasdaq; 25 September 2018
20. X Financial (XYF); NYSE; 21 September 2018
21. Farfetch Ltd. (FTCH); NYSE; 21 September 2018
22. Elanco Animal Health (ELAN); NYSE; 20 September 2018
23. Eventbrite (EB); NYSE; 20 September 2018
24. Principia Biopharma (PRNB); Nasdaq; 14 Sept 18; acquired by Sanofi (SNY) for $100/sh (Aug 20)
25. Qutoutiao (QTT); Nasdaq; 14 September 2018
26. Nio (NIO); NYSE; 12 September 2018
27. Sonos Inc. (SONO); Nasdaq; 2 August 2018
28. Arlo Technologies (ARLO); NYSE; 2 August 2018
29. Cushman & Wakefield (CWK); NYSE; 2 August 2018
30. Opera (OPRA); Nasdaq; 27 July 2018
31. Summit Semiconductor (WISA); Nasdaq; 27 July 2018
32. Adial Pharma (ADIL); Nasdaq; 27 July 2018
33. Tenable Holdings (TENB); Nasdaq; 26 July 2018
34. Pinduoduo (PDD); Nasdaq; 26 July 2018
35. Focus Financial Partners (FOCS); Nasdaq; 26 July 2018
36. Bloom Energy (BE); NYSE; 25 July 2018
37. Aquestive Therapeutics (AQST); Nasdaq; 25 July 2018
38. Replimune (REPL); Nasdaq; 20 July 2018
39. Tilray (TLRY); Nasdaq; 19 July 2018
40. Constellation Pharma (CNST); Nasdaq; 19 July 2018;  Acquired by MorphoSys (MOR) for $34/sh (6/2/21)
41. EverQuote (EVER); Nasdaq; 28 June 2018
42. Neuronetics (STIM); Nasdaq; 28 June 2018
43. Tricida (TCDA); Nasdaq; 28 June 2018
44. BJ's Wholesale Club (BJ); NYSE; 28 June 2018
45. BrightView (BV); NYSE; 28 June 2018
46. Lovesac (LOVE); Nasdaq; 27 June 2018
47. Uxin (UXIN); Nasdaq; 27 June 2018
48. Puxin (NEW); NYSE; 15 June 2018
49. Iterum Therapeutics (ITRM); Nasdaq; 25 May 2018
50. CLPS Inc. (CLPS); Nasdaq; 24 May 2018
51. Canopy Growth (CGC); NYSE; 24 May 2018
52. Pluralsight (PS); Nasdaq; 17 May 2018
53. Huya (HUYA); NYSE;  11 May 2018
54. Carbon Black (CBLK); Nasdaq; 4 May 2018;  Acquired by VMware (VMW) for $26/share. (22 Aug 19)
55. Inspire Medical Systems (INSP); NYSE;  3 May 2018
56. DocuSign (DOCU); Nasdaq; 27 April 2018
57. Smartsheet (SMAR); NYSE; 27 April 2018
58. nLIGHT (LASR); Nasdaq; 26 April 2018
59. Pivotal Software (PVTL); NYSE;  20 April 2018; Acquired by VMware (VMW) for $15 per share.  (22 Aug 19)
60. MorphoSys (MOR); Nasdaq; 19 April 2018
61. Zuora (ZUO); NYSE;  12 April 2018; acquired by Silver Lake and GIC for $1.7 billion (Oct 2024)
62. Spotify (SPOT); NYSE;  3 April 2018
63. iQIYI (IQ); Nasdaq; 29 March 2018
64. Bilibili (BILI); Nasdaq; 28 March 2018
65. Dropbox (DBX); Nasdaq; 23 March 2018
66. Zscaler (ZS); Nasdaq; 16 March 2018
67. BioXcel Therapeutics (BTAI); Nasdaq; 8 March 2018
68. Motus GI (MOTS); Nasdaq; 14 Feb 18
69. ARMO BioSciences (ARMO); Nasdaq;  26 January 2018; acquired by Eli Lilly (LLY) for $50.00/share (10 May 2018)
70. resTORbio (TORC); Nasdaq;  26 January 2018
71. Gates Industrial (GTES); NYSE;  25 January 2018
72. Liberty Oilfield Services (LBRT); NYSE;  12 January 2018

GreenSky (GSKY)

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The year's largest IPOs have included Elanco Animal Health Inc., a producer of medications for livestock, which raised $1.7 billion; home security provider ADT Inc., which raised $1.5 billion; and online credit provider GreenSky Inc., which raised $1 billion.  

Since going public, shares in ADT and GreenSky have stumbled. ADT launched its IPO in January at $14 per share but was down 52 percent to $6.71 per share as of Dec. 18. GreenSky's IPO price of $23 per was more than double its Dec. 18 close of $8.41, a decline of 63 percent.

Elanco Animal Health's stock was up 32 percent from its $24 per share open in September, closing Dec. 18 at $31.76 per share.

Of the 202 IPOs analyzed, 58 percent were down from their opening price as of this week. 

22 potential IPOs were either postponed or withdrawn since being announced this year. Another 69 deals are listed as pending, according to Bloomberg data.

2019

A number of big deals are on the 2019 horizon. Ride-sharing companies Uber and Lyft as well as data analytics provider Palantir Technologies have all indicated that they will go public next year in deals expected to raise billions of dollars.

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Global IPO market in 2018

This is Hong Kong's best year since 2010, as a change in listing rules to allow dual-class share structures and pre-revenue biotech companies to list led to a queue of so-called new economy companies seeking to go public in the city.

Hong Kong hosted three of Asia's top five IPOs - smartphone maker Xiaomi's $5.4 billion float, mobile telecommunications tower operator China Tower's $7.5 billion IPO and online food delivery-to-ticketing services firm Meituan Dianping's $4.9 billion listing.

Hong Kong typically attracted traditional manufacturing firms and financial companies, according to the data, while tech companies preferred New York for both the NYSE and the Nasdaq exchange (NASDAQ: NDAQ). However, China Tower’s $7.5 billion IPO was the largest public offering in Hong Kong this year. 

When it comes to the telecommunications, media and technology sector, Tokyo had the most listings, with Hong Kong coming in second. Overall, IPOs by these companies raised $15.7 billion. That's up more than 600 percent from 2017 while the number of offerings grew 94.4 percent year on year.

Tokyo's rise is largely credited to the $23.3 billion IPO of SoftBank Mobile, the wireless business segment of billionaire Masayoshi Son's SoftBank Group. That was Japan’s largest-ever IPO and the world’s second largest after Alibaba Group Holding’s (NYSE: BABA) $25 billion fundraising in New York in 2014.