The fall IPO calendar is heating up in the U.S.

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The fall IPO calendar is heating up in the U.S.

The fall IPO calendar is heating up with a slew of hot-to-list companies, such as Rivian and InstaCart, on deck to list. Yet it's already been a banner year for the IPO process in the U.S. - on track to beat last year's record.

As of the end of September, 19 companies raised more than $1 billion via IPO on the Nasdaq and New York Stock Exchange. The top five are Coupang CPNG which raised $4.6 billion, DiDi Global DIDI raised $4.4 billion, Bumble BMBL raised $2.5 billion, Robinhood Markets HOOD raised $2.3 billion and AppLovin APP raised $2.0 billion.

As of the same time in 2020, 15 startups had raised about $1 billion or more via IPOs — with another eight joining them by year-end. The top three, Snowflake SouthNOW Airbnb ABNB and DoorDash DASH raised each between $3 billion and $4 billion.

This year, companies have raised a total of $98.0 billion from the IPO process on U.S. exchanges through September 2009. It includes the foreign issuer of American Depository Receipts ADRs such as Didi, Oatly OTLY and Full Truck Alliance YMM There were no major direct listings raising capital, such as Coinbase COIN so those are excluded. For purposes of comparison with prior years, SPACs are also excluded from special purpose acquisition companies, which did not make up a material portion of capital raisings prior to late 2020.

That $98.0 billion this year compares to $69.9 billion in fiscal years 2020 - 2027. The year ended with a record $102.5 billion of equity raised, a number that will most likely be eclipsed by the end of October this year. The previous record was 2014 with $87.7 billion and includes the largest U.S. IPO of all time, Alibaba BABA that raised a monster $25.0 billion.

Breaking down this year's IPOs by sector according to the Bloomberg Industry Classification Systems, or BICS technology and health care raised the most money, while utilities and energy raised the least. For investors looking to trade new listings, Kathy Donnelly, a proprietary trader and co-author of The Lifecycle Trade, tells Yahoo Finance in a written statement. Ninety-one percent of stocks eventually undercut their initial trading day price low, so there is no hurry to get in on the first day or even two. Jared Blikre is an anchor and reporter on Yahoo Finance Live with special emphasis on the markets.