Leading IPOs in the U.S. 2023

On September 13, 2023, Arm Holdings plc raised 5.2 billion U.S. dollars on its public debut on the Nasdaq Stock Market, making it the largest initial public offering (IPO) in the United States in 2023. Only three of the ten largest IPOs in the U.S. that year each raised over one billion U.S. dollars in capital. Why do companies go public? Private companies have limited access to capital and mainly use traditional sources to finance their expenditures. While such firms have more freedom to operate without reporting to investors, this also blocks the companies from raising access directly from the public. The value raised by IPOs can be significant. In hopes of gaining access to this capital, the number of IPOs in the United States generally exceeds 100 firms each year. Risks of an IPO IPO is a long and costly process. It necessitates cooperation with investment advisory firms to ensure that all requirements are met and that the process is optimally planned. A public company is subject to governmental and public scrutiny – any negative information, such as rumors about insider trading, can result in falling stock prices. Also, the time when going public is crucial. Even a prospering company can have a very low return in times of recession.

于2023年9月13日，Arm控股有限公司在纳斯达克股票市场首次公开募股（IPO）中筹集了52亿美元，使其成为当年美国最大的IPO。当年美国十大IPO中，仅有三家各自筹集了超过十亿美元的资本。为何企业选择上市？私营企业资本获取渠道有限，主要依赖传统融资途径以满足其支出需求。此类公司虽享有在无需向投资者汇报的情况下运营的自由，但同时也限制了其直接从公众筹集资金的能力。通过IPO筹集的资本价值往往颇为可观。为了获取这一资本，美国每年IPO数量通常超过100家公司。IPO的风险在于，IPO是一个漫长且成本高昂的过程。它要求与投资顾问公司合作，以确保满足所有要求并优化规划流程。上市公司将受到政府及公众的严格审查——任何负面信息，如内幕交易谣言，都可能引发股价下跌。此外，上市时机至关重要。即使在经济衰退时期，一家繁荣的公司也可能面临非常低的回报率。