2024 marked a robust year for equity markets. All major US indices continued to break through all-time highs including the S&P 500 which posted its second year with 20%+ annual returns. Building on this foundation, equity capital markets displayed continued momentum into 2024, with nearly $275 billion raised through IPOs, follow-ons, block trades, and convertible offerings—an impressive 58% increase compared to 2023. This surge was driven by a resilient economy, easing inflation, 100 bps of Federal Reserve rate cuts, and renewed investor enthusiasm for IPOs. These factors have set the stage for even greater issuance activity in 2025.
Get our full 2024 Equity Capital Markets Review and 2025 Outlook for more details on:
- Key equity market factors for 2025
- Historical comparisons of equity capital markets activity
- Analysis of 2024 IPO issuance
- Sponsor-backed IPO trends
- Upcoming IPO outlook & pipeline
- Critical timeline considerations for a 2025 IPO
- …and more
