Withum Leads IPO Auditor Market Share In Proceeds Raised for Non-Big Four Firms For 2017 Year End
According to Audit Analytics, there were 68 initial public offerings in U.S. markets in the fourth quarter of 2017, more than doubling from the same period last year when there were 33 IPOs. The total amount raised this quarter was $12.8 billion, a significant increase from the $7.8 billion raised in Q4 of last year and the $7.4 billion raised last quarter. The initial public offering (IPO) activity listed Withum as a leader in terms of money raised by clients, with approximately $3.8 Billion in IPO proceeds for the 2017 year end. To date, Withum has been involved with over 50 special purpose acquisition companies (SPACs), with deal size ranging from $50 million to more than $1 billion. As the auditor of record for over $6 billion of SPAC IPO’s sponsored by the investment community during the last 24 months, Withum has emerged as the firm of choice in this niche industry. Access the full IPO report below.
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