Compared to 2021, 2022 saw a 50% decrease in IPOs from firms listed on the NYSE’s main board. However, SMEs’ IPOs enjoyed phenomenal success, increasing by a factor of two over the prior year due to surging investor interest.
There were 108 small and medium-sized enterprise initial public offerings (IPOs) in 2022, up from 60 in 2021, whereas there were just 36 mainboard IPOs, down from 64 in 2020.
However analyst found that, retailers and affluent people are drawn to SME IPOs by the prospect of multibagger listing profits. Institutional investors usually avoid these offerings.