Goldman Sachs' (GS) trading desk has launched the Liquid IPO Index, a product that tracks the performance of recently-listed US companies as initial public offerings gain momentum, Bloomberg reported Friday.

The index will include US-listed companies that went public more than 30 days prior, with filters for at least $5 million in daily trading volume and an average market capitalization of $750 million over the prior month. It will be rebalanced regularly to include the latest IPOs, according to the report.

US IPOs have raised $32 billion so far this year, excluding blank-check firms and other financial vehicles, up more than 50% compared with the same period in 2024, the report said. The IPO market saw its busiest period since 2021 last week when six deals raised more than $4 billion, Bloomberg said.

Last week marked the debut of Klarna (KLAR), Figure Technology Solutions (FIGR), Gemini Space Station (GEMI), Legence (LGN), Via Transportation (VIA), and Black Rock Coffee Bar (BRCB).

Despite the recovery, IPO volumes remain below the $34.7 billion year-to-date average recorded in the decade before the pandemic, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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