Law360 (January 1, 2019, 12:03 PM EST) -- Initial public offerings in 2018 soared to their highest levels in four years thanks to a deep pipeline of health care and technology companies, though market volatility caused IPOs to sputter down the stretch, potentially sobering expectations for 2019.
Prior-year data appears to indicate strong momentum heading into the year. For the first time since 2014, more than 200 companies went public in 2018 — 231 total — raising nearly $61 billion, which also represented the most proceeds in four years, according to Dealogic.
A bevy of biotechnology companies and technology startups fueled most of the IPO market’s momentum, joined by...
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