For all the talk of a stock bubble, it sure isn't showing up in IPOs.
According to data from Renaissance Capital, compiled here by Statista, companies have raised less than $30 billion this year through IPOs on U.S. exchanges. That's the lowest number since 2009, at the end of the Great Recession.
There were a lot of IPOs this year — 168, trailing only last year in the post-Recession era — but they were small raises.