Foley Equipped
Insights

How is the IPO market as of Q3 2024?

While the IPO market’s annual fall pickup was not as robust as anticipated, Q3 2024 still produced 37 IPOs, raising a combined $8.0 billion. Although markets stumbled (as they often do) in early August amongst signs of economic weakness, stocks recovered quickly as investors responded to cooling inflation and impending rate cuts.

REIT Lineage’s $4.4 billion IPO led the pack of thirteen IPOs that raised $100 million or more in Q3. Volatile trading from the 24 smaller issuers skewed numbers in terms of overall performance, but the group of $100+ million IPOs averaged a respectable 25% return. Q3 tech IPOs included OneStream, Inc., BloomZ, OrangeKloud Technology Inc. and YXT.com. In general, private company news points to more robust issuance in 2025 as the IPO market hopefully fully normalizes; though U.S. political dynamics could impact the trajectory.

Subscribe to our newsletter
Subscribe

© 2025 Foley & Lardner LLP
Attorney Advertisement
Images of people may not be Foley personnel.

This blog is made available by Foley & Lardner LLP (“Foley” or “the Firm”) for informational purposes only. It is not meant to convey the Firm’s legal position on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this article do not necessarily reflect the views of Foley & Lardner LLP, its partners, or its clients. Accordingly, do not act upon this information without seeking counsel from a licensed attorney. This blog is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Communicating with Foley through this website by email, blog post, or otherwise, does not create an attorney-client relationship for any legal matter. Therefore, any communication or material you transmit to Foley through this blog, whether by email, blog post or any other manner, will not be treated as confidential or proprietary. The information on this blog is published “AS IS” and is not guaranteed to be complete, accurate, and or up-to-date. Foley makes no representations or warranties of any kind, express or implied, as to the operation or content of the site. Foley expressly disclaims all other guarantees, warranties, conditions and representations of any kind, either express or implied, whether arising under any statute, law, commercial use or otherwise, including implied warranties of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Foley or any of its partners, officers, employees, agents or affiliates be liable, directly or indirectly, under any theory of law (contract, tort, negligence or otherwise), to you or anyone else, for any claims, losses or damages, direct, indirect special, incidental, punitive or consequential, resulting from or occasioned by the creation, use of or reliance on this site (including information and other content) or any third party websites or the information, resources or material accessed through any such websites. In some jurisdictions, the contents of this blog may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome.