: What a Record-Breaking Year For IPOs Tells Us About the Economy #WorldNEWS It was a crowded year for companies entering public markets, with 980 businesses going public in 2021—more than double

What a Record-Breaking Year For IPOs Tells Us About the Economy #WorldNEWS
It was a crowded year for companies entering public markets, with 980 businesses going public in 2021—more than double the number that did so in 2020. The most successful of these debuts shine a light on the strengths of the global economy.
Asian businesses remain on the rise, all while combating a rocky regulatory environment. Companies that focus on delivering products to consumers at ever growing speeds continue to attract the dollars of global investors. Businesses that develop technologies to combat the climate crisis—like electric vehicles and renewable energy—and to capture the attention of consumers—like social media—have captivated global markets.
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While the companies that enjoyed successful stock market debuts were characterized by innovation, many lacked diversity in their leaders. Of the top 10 IPOs by size in 2021, all the chief executives were men. Dating app Bumble, which ranked in the top 15, was the most successful IPO by a woman-led company.
To better understand the shifting market priorities in 2021, these were the top 10 IPOs of the year—using data provided by financial analysis firm Dealogic—ranked in order of size.
Rivian
The Wall Street debut of electric car manufacturer Rivian was well timed. While countries raced to sign emission-cutting pledges during the UN climate conference in November, the environmentally-conscious company raised over . 7 billion, making it one of the biggest U. S. IPOs in history.
Rivian, founded in 2009 by RJ Scaringe, began selling vehicles in 2021. The company’s original target was the sports car market, but it pivoted to electric pickup trucks and SUVs when Scaringe realized the widespread appetite for sustainable models. Rivian launched its first product in September, the all-electric R1T pickup truck retailing at ,500.
In an attempt to counter the rise of rival electric vehicle manufacturer, Tesla, Rivian won the backing of car giant Ford, which owns a 12% stake. In 2019, former CEO of Amazon, Jeff Bezos, announced the e-commerce company had ordered 100,000 electric delivery vans from Rivian, to help Amazon achieve its 2040 net-zero carbon pledge. Amazon is Rivian’s largest shareholder with a 20% stake.
With a global demand for sustainable transport, Scaringe foresees the company will increase production to 1 million vehicles per year by 2030.
Read more: Amid Scaling Challenges, Rivian Announced Plans to Build New B Factory in Georgia
Kuaishou Technology
Kuaishou, the biggest rival to video sharing platform ByteDance, raised . 23 billion in its Hong Kong debut in February, the largest IPO in the tech industry since Uber raised more than billion in 2019.

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