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
Category Archives: Initial Public Offerings (IPO)
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
SPACs and M&A Transactions
The past few years have seen an extreme surge in special purpose acquisition companies, or SPACs. These transactions are viewed by some as favorable to traditional IPOs due to certain benefits they offer, such as an expedited timeline, lower transaction … Continue reading
Q2 2021 IPOs: Auditor Market Share and Stats
There were 181 initial public offerings in U.S. markets between April 1, 2021, and June 30, 2021. Together, these IPOs raised over $85.7 billion – a decrease of $48 billion from last quarter and an increase of over $67 billion … Continue reading
Initial Public Offerings: Recent Trends in Corporate Governance Risks
Audit Analytics recently released a new report, Initial Public Offerings: Recent Trends in Corporate Governance Risks. Leveraging our extensive databases, the report provides a deeper look at the risks that initial public offerings offer to investors, regulators, and other financial … Continue reading
Q1 2021 IPOs: Auditor Market Share and Stats
There were 407 initial public offerings in U.S. markets between January 1, 2021, and March 31, 2021; groundbreaking for any quarter since at least 2000. Together, these 407 IPOs raised over $134.6 billion – an increase of over $124 billion … Continue reading