Initial Public Offerings on US Exchanges Soar in 2018

Jay Heller, Head of IPO Execution at Nasdaq, monitors a computer screen as trading starts on Dropbox's initial public offering at Nasdaq MarketSite, in New York City on March 23, 2018. Drew Angerer/Getty Images

The market for initial public offerings on American stock exchanges recorded the highest volume since 2012 in the first half of this year.

A total of 120 companies raised $35.2 billion through initial public offerings (IPOs) on American stock exchanges. That makes for the fourth busiest year on record, according to Dealogic data reviewed by the Wall Street Journal. Dealogic began tracking the data in 1995.