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››IPOs remain silent as lawyers watch for signs of activity

IPOs remain silent as lawyers watch for signs of activity

By Loriann Hicks
June 3, 2022
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By Tom Zanki (June 2, 2022, 8:04 p.m. EDT) – Initial public offerings weathered another tepid month in May, slowing the pace of IPO lawyers and bankers, and a late-spring surge doesn’t seem likely even if some companies may brave the waters in June and beyond.

Some 17 companies, including blank check companies, went public in May and raised more than $2 billion in combined revenue, according to the Nasdaq website. That compares to 46 companies that surpassed $9.4 billion in revenue in May 2021 during a more robust market last year.

IPOs have struggled to gain traction in 2022 amid macroeconomic headwinds and geopolitical unrest. Rising inflation and rising…

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