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Expand chart
Data: FactSet; Chart: Danielle Alberti/Axios

With two months still remaining in 2021, U.S. IPOs have already sped past the total number of offerings in any prior full year.

The big picture: The activity was driven by a Q1 boom, especially in SPAC offerings.

  • Q3 saw “only” 175 IPOs, well short of the 450 in Q1, but far above a typical quarter historically, according to FactSet data.

The biggest IPO of Q3 was Robinhood Markets, which raised about $2 billion in an offering that valued the company at $32 billion.

Get smarter, faster on SPACs and going public with our free, three-video short course.

Go deeper

Sweetgreen stock soars after its IPO, valued at $5.5 billion

Illustration: Sarah Grillo/Axios

Salad restaurant chain Sweetgreen was valued at $5.5 billion when it began trading as a public company on Thursday.

By the numbers: The Los Angeles-based company priced its IPO shares at $28, which was above its proposed $23-$25 offering range, for a $2.98 billion market value. It then didn't begin trading until after 1:30pm, opening at $52 per share.

Americans are super-sizing their holiday travel

Illustration: Sarah Grillo/Axios

Americans are rushing back into holiday travel, and many are taking even longer trips now than they did before the pandemic began.

The big picture: After skipping Thanksgiving and Christmas gatherings last year, many people are eager to maximize this year's celebrations with friends and family. And flexible remote working arrangements make that easier than ever.

Updated 16 hours ago - Sports

The potential GOAT of chess faces intriguing challenger

Illustration: Sarah Grillo/Axios

The World Chess Championship between Norway's Magnus Carlsen and Russia's Ian Nepomniachtchi began on Friday, 1,094 days after Carlsen won his fourth consecutive title.

Why it matters: During the long, COVID-fueled layoff, chess entered a new era, and with the championship finally here, the age-old game is ready for its close-up.