A Familiar if Ominous Sign in the US IPO Market

By Callum Thomas

As the title suggests, a familiar if ominous sign has emerged in the US IPO market.  As I’ve previously written on a number of times, studying trends and statistics in IPO statistics (initial public offering) can yield key insights on the state of the equity market as a whole and the resultant risk vs opportunity outlook.

The chart in today’s blog comes from a discussion on the trends in the US IPO market from the Weekly Macro Themes report. That discussion aside from the negative earnings aspect, also looked at median age of IPO, proportion of foreign IPOs, and the pace of withdrawals and filings.

As alluded to, the chart shows the proportion of US IPOs with negative earnings.

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