If you wanted to hold an initial public offering this year, you certainly didn't have to wait in line.last year, just seven companies with Bay Area ties — and only five that are officially based in the region — completed IPOs in 2022 that resulted in them being listed on one of the two major U.S. stock exchanges. Just four of those businesses — including the two that are based elsewhere — raised more than $50 million in their offerings.
"2022 was a perfect storm of headwinds against going public in an IPO," Gerring said. Those headwinds"made it too unpredictable for many to do an offering." The Bay Area was not alone in seeing a steep plunge in offerings. Nationwide, 71 IPOs raised just $7.7 billion. Renaissance Capital a New York firm that manages exchange traded funds of IPO stocks, said the amount raised is the lowest recorded in the 30 years it has been keeping track.