The Securities and Exchange Commission’s Division of Economic and Risk Analysis has published updated market statistics showing a significant rise in initial public offerings and follow-on registered offerings during the first half of 2026.
Initial Public Offerings and Follow-On Activity Lead Market Growth
Data released by the Division of Economic and Risk Analysis demonstrates notable year-over-year increases in capital raising across key segments of the United States capital markets.
During the first half of 2026, 208 initial public offerings raised over $137 billion. This compares with 180 IPOs raising over $27 billion in the first half of 2025, marking an increase of approximately 16% in offering volume and nearly 400% in total proceeds raised.
Follow-on registered offerings also expanded during the same period. A total of 557 follow-on offerings raised over $111 billion in the first half of 2026, representing a 10% increase in volume and a 33% increase in proceeds compared to the 505 offerings that raised nearly $84 billion in the first half of 2025.
Enhanced Access to Market Visualisations and Economic Analysis
The updated figures are published on the SEC’s public statistics platform, which features interactive and downloadable visualisations including time series charts, category pie charts, and geographic heat maps.
Dr. Joshua T. White, Chief Economist and Director of DERA, highlighted that the expanded access to transparent data aims to support resilient, well-functioning capital markets while informing SEC rulemaking and regulatory oversight.
| Offering Type | H1 2025 Volume | H1 2025 Proceeds | H1 2026 Volume | H1 2026 Proceeds | Proceeds Growth |
|---|---|---|---|---|---|
| Initial Public Offerings (IPOs) | 180 | Over $27 billion | 208 | Over $137 billion | Nearly 400% |
| Follow-on Offerings | 505 | Nearly $84 billion | 557 | Over $111 billion | 33% |
Frequently Asked Questions
How much did initial public offerings raise in the first half of 2026?
Initial public offerings raised over $137 billion across 208 deals in the first half of 2026, up from over $27 billion across 180 deals in the first half of 2025.
What tools are available on the SEC market statistics webpage?
The SEC webpage offers interactive and downloadable time series charts, pie charts showing distribution across categories, and geographic heat maps.
