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IPO boom: Rivian pushes value of companies that went public this year to a record $1 trillion
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cnbc.com(Click here to subscribe to the new Delivering Alpha newsletter.)
Rivian's blockbuster initial public offering last week pushed the total exit value for U.S. public-market listings this year beyond an unprecedented $1 trillion marker, a record that more than doubles 2020 levels, according to data compiled by PitchBook.
The PitchBook data includes traditional IPOs as well as direct listings and special purpose acquisition vehicles, noting that 17% of this year's collated valuation figure came from SPACs.
The $1 trillion figure helps quantify just how hospitable the public markets have been to new entrants and builds a greater opportunity set of equities for investors to trade. However, it's also a data point that may help bolster the case
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