IPO deals YTD is highest since Tech Bubble in 2000, but as % of mkt cap, deal value is half of ’99, BofA has calculated. There’s also half number of public comps today (3,300) vs ’99 (6,000). Another difference is concentration by industry is less, w/no sector >50% of IPOs in ’21 h/t Holger Zschaepitz
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