The IPO market improved in the first half of this year, raising more than $21 billion with some big-name companies like Viking Holdings Ltd. finding favorable winds for their offerings. Overall, however, IPO market conditions remain choppy, leading some companies like ticketing platform Stubhub Inc. and aluminum company Novelis Inc. to delay their IPOs.
Viking topped all IPOs in Q2 with its nearly $1.8 billion dollar offering—the only IPO larger than $1 billion for the quarter. Several other Q2 offerings weren’t far below the $1 billion threshold, with healthcare payments company Waystar Holding Corp. ($967 million), safety science company UL ...