IPO Market Review: Nasdaq Hosted 743 IPOs Raising $500 Billion in 2021

Public markets have shifted significantly since the 2021 IPO boom, where the Nasdaq welcomed 743 IPOs and the NYSE reported over $1 trillion in market capitalization. Companies that went public that year raised nearly $500 billion. However, the IPO market has since cooled, with only a few consumer companies, like Jersey Mike's and Reformation, going public in 2026, both experiencing lackluster performances. This trend of staying private reflects companies' interests in higher valuations and better access to capital in private markets, impacting future market activity for ordinary investors.