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Research Quarterly: Equity and Related

Total equity capital formation was $56.3B, +33.6% Q/Q and +41.7% Y/Y. Total IPOs were $8.5B, -12.4% Q/Q but +1.0% Y/Y. The IPO quarterly issuance continues to stay well below the three-year pre COVID average ($11.5B). In the private markets, private equity deal value was $246.0B for the quarter, +14.4% Q/Q and +36.8% Y/Y.

Markets continue to climb. The S&P 500 index averaged 5,543.47, +5.7% Q/Q and +24.3% Y/Y. All four indexes were up for the quarter and Y/Y, with Y/Y increases ranging from +14.0% (Russell 2000) to +27.8% (Nasdaq). YTD, equity market cap stood at $57.7T (+4.4% to where it finished last year) and the number of listed companies was 5,499 (-1.4% to end last year).

The VIX averaged 17.07 in the quarter, +22.1% Q/Q and +13.7% Y/Y. on a Q/Q basis, ADV was down slightly in equities but up for ETFs and options. Equity ADV was 11.5B shares, -2.2% Q/Q but +10.2% Y/Y. ETF ADV was 2.3B shares, +12.1% Q/Q and +18.3% Y/Y. Options ADV was 48.7 contracts, +5.6% Q/Q and +12.3% Y/Y, the highest quarterly volume on record.

SIFMA Research Quarterly Equity and Related 3Q24 - Chart

 

 

 

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About the Report

The SIFMA Research Quarterlies contain data and statistics on U.S. markets. The equity and related report – cash equites, ETFs, options and capital formation – includes information on: volumes, volatility, total equity issuance, IPOs, market shares, exchange landscapes, etc.

All reports and corresponding databases can be found at www.sifma.org/research.

Authors

SIFMA Research

  • Katie Kolchin, CFA, Managing Director, Head of Research
  • Justyna Romulus, Vice President, Senior Research Associate
  • Matthew Paluzzi, Research Associate

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