But the IPO market is the hottest it’s been in years—and 2020 could be its biggest year ever. On average, 2020 IPOs have risen roughly 24% from their original prices. The fortunes of the IPO market have never been more divergent with the state of the U.S. economy. With everyone relying more on technology for work, school and everyday communications, the value of companies providing related services pushed higher. And with low interest rates limiting returns on traditionally safe investments like bonds, investors are looking for ways to make money wherever they can.

Source: Wall Street Journal September 25, 2020 16:48 UTC