The IPO market looked a little sluggish earlier in the year, but it perked up in the second quarter, according to a report released by PricewaterhouseCoopers last week. A total of 75 IPOs were completed in the second quarter, raising some $13 billion.
This was a dramatic change from the 41 IPOs and proceeds of $6.2 billion in the first quarter. So the number of deals done increased by 83 percent in the second quarter, and the proceeds raised grew by 111 percent.
The IPO market really kicked into gear in June; there were 36 IPOs in the final month of the quarter alone. This represented the most June IPOs since the technology IPO boom in 1999, according to PwC data.