After spending the first half of the year in slow motion, initial public offerings are expected to take off this fall.
It's something Wall Street has been waiting on for a while now. Bankers have spent months with IPO pipelines backed up, and markets' resurgence have dealmakers licking their chops at what may well be an offering frenzy. It means that dozens of companies can hit public markets globally, across sectors including health care, technology and retail.
"At JPMorgan, we expect to launch 20-plus IPOs globally in September," said Liz Myers, global head of equity capital markets at the bank. "The IPO market has rebounded post-Brexit."
As of the end of last week, a mere 59 U.S. IPOs went to market in 2016, putting this year behind every year except 2008 and 2009 over the last decade. The value of 2016's IPO load (at around $12.5 billion) also represents the smallest dollar amount of stock issued since 2009.
Or put another way, it hasn't been a good year for the IPO market.
That's about to change.
Spurred on by the successes of recent IPOs, including cloud technology company Twilio in June and messaging app Line in July, companies that have had their applications shelved since as far back as Christmas have hurriedly readied paperwork for regulators to make their market debuts. And each stock has taken off in the time since its respective market debut.