This year's red hot IPO market has seen more women CEOs than usual take companies public

Women chief executives represent 15 percent of the total CEOs that underwent IPOs in 2019 — according to data compiled by CNBC — the highest proportion for any year going back to at least 2014.

''It undeniably took extra courage to invest in these talented-though-female leaders a few years back,'' said Lise Buyer, founder of Class V Group, a firm that advises companies on IPOs. ''In 2019, institutional investors have clearly demonstrated their enthusiasm for businesses with attractive growth prospects regardless of whether their CEO is Jim or Julie or Jennifer or John.

At least in the past, studies have also shown a gender bias during the IPO process that favors male executives.conducted by the University of Utah five years ago found that women CEOs are disadvantaged by the process due to the judgment of professional investors, who are typically men.

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