More than 1,000 companies conducted an initial public offering (IPO) on the Nasdaq and NYSE exchanges during 2021. Together, these 1,046 companies raised $668 billion, an average of $639 million per offering. Building on recent trends, special purpose acquisition companies … Continue reading
Category Archives: Corporate + Legal
Q4 2021 IPOs: Auditor Market Share and Stats
There were 259 initial public offerings (IPOs) on the Nasdaq and NYSE exchanges between October 1 and December 31, 2021. More than $65 billion was raised, an increase of $15 billion from the previous quarter. This was in line with … Continue reading
Transfer Agent Market Share – 2021
A transfer agent is assigned by a corporation with publicly traded securities to track individuals that own their stocks and bonds. Transfer agents have several responsibilities, including managing/maintaining records for investors and making sure these investors receive appropriate payments. Here, … Continue reading
Redeemable Share Restatement is Bad Timing for WeWork
On Wednesday, December 1, WeWork Inc. [WE] announced they discovered a material weakness in their internal controls and would restate their financial statements to reflect the correct classification of redeemable shares. The company’s share price fell by 5.2% in after-hours … Continue reading
SPAC IPOs – Trends in Auditor Market Share
The past year has seen historic growth in the SPAC market. As of September 30th, there were 447 special purpose acquisition company (SPAC) IPOs during 2021. This number is approximately 285% higher than the same period in 2020. With this … Continue reading
Q3 2021 IPOs: Auditor Market Share and Stats
There were 199 initial public offerings in U.S. markets between July 1, 2021, and September 30, 2021. Together, these IPOs raised over $49.7 billion – a decrease of $36 billion from last quarter. This was a decrease of nearly $12 billion … Continue reading
Trends in Comment Letters Through the First Half of 2021
The trends we have observed with SEC comment letters over the past several years have continued. Through the first half of 2021 comment letters that reference 10-Ks, 10-Qs, or 8-Ks are on pace to decline by about 15% compared to … Continue reading