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IPO Report: IPO market faces biggest week of 2019 so far with Pinterest, Zoom and Greenlane on tap

The initial public market is bracing for its biggest week of the year so far with eight deals on tap expected to raise $2.5 billion in proceeds.

With the market closed for deals in January and February partly due to the government shutdown, there have been just 26 IPOs in the year to date to raise $6.6 billion, according to Kathleen Smith, Principal at Renaissance Capital, a provider of institutional research and IPO exchange-traded funds.

That’s 42% below the 45 deals that were conducted in the same period of 2018 to raise $15.7 billion.

“We’re still below last year but that should change once we get the Uber deal in May,” said Smith.

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