Record number of small listings comes despite lacklustre market for big public offerings
The volatile market for small US initial public offerings is “booming” thanks to a surge of
Chinese listings on New York’s Nasdaq as companies race to beat a rule change that blocks the
smallest deals.
The surge in listings kicked off late last year with 42 small offerings in the last three months of
2024, followed by 41 in the first quarter of this year — the two busiest quarters in records back
15 years, according to equity capital markets group Capital Markets Gateway (CMG). This was
up from 20 in the second quarter of 2024 and 29 in the third.
