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Illustration: Shoshana Gordon/Axios

More than 100 companies are expected to go public on U.S. stock exchanges by year-end, capping off what's already been the busiest year for IPOs since 2000.

By the numbers: 279 companies already completed U.S. IPOs in 2021, topping last year's 218.

  • Neither total includes the deluge of SPAC IPOs (423 in 2021 vs 248 in 2020), per SPAC Research, nor the smaller number of direct listings.
  • U.S. IPOs have slightly outperformed the S&P 500 this year, according to the Renaissance IPO index, although they were lagging just three weeks ago.

There haven't been many U.S. listings in the past month, as Wall Street took its annual August break, but the floodgates are set to open.

  • Notable companies already on file to go public include Warby Parker, Fresh Market, iFit, Toast, Sportradar, Allbirds, Sweetgreen and Authentic Brands Group.
  • Yogurt maker Chobani and electric car maker Rivian are among those that have filed confidentially with the SEC, while reports persist that Reddit, Discord, Flipcart and Instacart are still considering 2021 listings.

The bottom line: Expect the fourth quarter surge to continue into 2022, due to the record amount of money that continues to be invested in privately-held startups.

Go deeper

Dan Primack, author of Pro Rata
Sep 21, 2021 - Economy & Business

IPO market holds firm amid stock market tumult

Illustration: Aïda Amer/Axios

The IPO market is doing its best Alfred E. Neuman impression so far this week, refusing to entertain everyone else's worries.

The big picture: Both the Dow and S&P 500 fell nearly 2% yesterday, as investors tried to measure the fallout of Chinese construction giant Evergrande defaulting on its $300 billion in liabilities.

Special Envoy for Haiti resigns over Biden deportations

Daniel Foote testifies during a Senate Foreign Relations Committee hearing on May 26, 2016. Photo: Drew Angerer/Getty Images

The Special Envoy for Haiti on Wednesday resigned from his position, writing in his resignation letter obtained by PBS that he "will not be associated with the United States inhumane, counterproductive decision to deport thousands of Haitian refugees."

Why it matters: Ambassador Daniel Foote's resignation comes amid heightened anger over the treatment of Haitian migrants and asylum-seekers living in a temporary encampment in Del Rio, Texas — especially after images surfaced of Border Patrol agents whipping at the migrants from horseback.

First-time homebuyers shrink as prices spike

Data: National Association of Realtors; Chart: Axios Visuals

Home sales cooled as prices continued to heat up in August.

Driving the news: The share of first-time existing homebuyers (29%) last month was the smallest in two years, according to new data from the National Association of Realtors.

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