Summary
Slowest First Quarter of U.S. IPOs since 2009.
Combined proceeds well below $1 billion mark.
U.S. IPO market may show some signs of life in Q2.
First quarter 2016 was the slowest quarter for U.S. IPOs since Q1 2009 (when there was just 1 IPO in Q1, and the world was about to implode). There were just 7 offerings, all in Healthcare, representing approximately $623 million in proceeds. This compares to the same quarter in 2015, in which there were 31 offerings raising approximately $4.87 billion in proceeds. There were more postponed /pulled offerings in the quarter that there were pricings, with 5 of the 8 postponed in non healthcare sectors. New filings were also down for the quarter with 22, about half of the total for the same period in 2015.
