IPO market has busiest quarter in three years, with more deals on the way

The IPO market just had its busiest quarter since 2015, and recent filing activity suggests that the pipeline remains robust.

Sixty companies went public in the U.S. during the second quarter, led mainly by small-cap health care companies, according to data from Renaissance Capital. In total, initial public offerings in the second-quarter raised $13.1 billion, less than the first quarter’s 44 IPOs that raised $15.6 billion.

The largest offering in terms of proceeds, by far, was AXA Equitable Holdings Inc. EQH, +1.78% which spun out of French insurance company AXA SA CS, +0.91% The company, which makes up AXA’s US operations, raised $2.7 billion in its debut.

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