London Daily

Focus on the big picture.
Friday, Oct 10, 2025

This sector of the economy raised a record half trillion dollars in 2021

This sector of the economy raised a record half trillion dollars in 2021

Initial public offerings, or IPOs, in which a company’s shares are sold to investors on one or more stock exchanges, raised a record $594 billion in 2021 globally, according to data providers.
More than 2,000 IPOs, not including special purpose acquisition companies (SPACs), raised $402 billion in 2021 globally, data from Refinitiv shows. This represents growth of 81% in proceeds and a 51% increase in the total number of IPOs from the year before.

SPACs, or shell companies listed on a stock exchange that tend to launch IPOs when they have secured investors without going through the traditional IPO process, added another $192 billion to the gains, data provider Dealogic said.

The biggest firms behind this year’s IPOs came from the technology and healthcare sectors, with 426 technology IPOs and 332 healthcare-related companies going public. Combined, these represented nearly 42% of all IPO proceeds raised in 2021 by companies worldwide, according to Refinitiv.

Electric car maker Rivian Automotive was one of the year’s largest IPOs, raising over $12 billion in its market debut in November. It was the largest US IPO since Alibaba went public in 2014. Kuaishou, a Chinese online video company and biggest rival to video sharing platform ByteDance, raised $6.23 billion in its Hong Kong debut in February, becoming the largest IPO in the tech industry since Uber raised more than $8 billion in 2019. Korean e-commerce platform Coupang, also known as “the Amazon of South Korea,” raised $4.6 billion. Polish package locker provider InPost was Europe’s biggest IPO since 2018, raising $3.9 billion in January on Amsterdam’s stock exchange.

While many of this year’s offerings were a hit, others didn’t fare so well. Shares of Chinese ride-hailing app DiDi lost over 40% of their value since its $4.4 billion debut on the New York Stock Exchange in June. British food delivery app Deliveroo was also down 46% despite raising $2.1 billion upon its launch in March. Still, many analysts say that investors are likely to continue taking risks with IPOs in the months to come, driven by low interest rates and the re-opening of economies due to the global Covid-19 vaccination push.
Newsletter

Related Articles

0:00
0:00
Close
California County Reinstates Mask Mandate in Health Facilities as Respiratory Illness Risk Rises
Israel and Hamas Agree to First Phase of Trump-Brokered Gaza Truce, Hostages to Be Freed
French Political Turmoil Elevates Marine Le Pen as Rassemblement National Poised for Power
China Unveils Sweeping Rare Earth Export Controls to Shield ‘National Security’
The Davos Set in Decline: Why the World Economic Forum’s Power Must Be Challenged
France: Less Than a Month After His Appointment, the New French Prime Minister Resigns
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Sarah Mullally Becomes First Woman Appointed Archbishop of Canterbury
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
US Prosecutors Gained Legal Approval to Hack Telegram Servers
Macron Faces Intensifying Pressure to Resign or Trigger New Elections Amid France’s Political Turmoil
Standard Chartered Names Roberto Hoornweg as Sole Head of Corporate & Investment Banking
UK Asylum Housing Firm Faces Backlash Over £187 Million Profits and Poor Living Conditions
UK Police Crack Major Gang in Smuggling of up to 40,000 Stolen Phones to China
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Trump Proposes Farm Bailout from Tariff Revenues Amid Backlash from Other Industries
FIFA Accuses Malaysia of Forging Citizenship Documents, Suspends Seven Footballers
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Australia Orders X to Block Murder Videos, Citing Online Safety and Public Exposure
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
OpenAI and AMD Forge Landmark AI-Chip Alliance with Equity Option
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
×