SEC Data Shows IPO Proceeds Jumped 400% in First Half

IPO issuers raised over $137 billion in the first half of 2026, according to market statistics released by the Securities and Exchange Commission on Sept. 23. That total marks a nearly 400% year-over-year jump from the more than $27 billion raised in the same period last year. The significant surge in capital formation was highlighted in the agency's latest update to its public statistics and data visualizations, which cover key segments of the U.S. capital markets.

Dr. Joshua T. White, Chief Economist and Director of the SEC’s Division of Economic and Risk Analysis, attributed the growth to broader market conditions. “DERA’s latest data highlight the continued strengthening of U.S. capital formation under Chairman Atkins, with notable growth in both IPOs and follow-on offerings,” White said. He noted that the agency provides transparent data to support resilient markets for the public and policymakers.

The number of new listings rose more slowly than the capital raised. There were 208 IPOs in the first half of 2026, up from 180 a year earlier, an increase of roughly 16%. Follow-on registered offerings also expanded, with 557 deals totaling over $111 billion in the first half of 2026, compared with 505 deals and nearly $84 billion in the first half of 2025.

U.S. issuers accounted for approximately $18.9 billion of the IPO proceeds, while non-U.S. issuers raised approximately $3.1 billion. The SEC states that these figures are provisional and may shift as underlying data or methodology is updated. The prior year’s baseline included 180 IPOs raising over $27 billion in the first half of 2025, according to the SEC.