1/ Market Musings is back but with a glitch so here's the tweetstorm instead. December set some capital markets records. DoorDash, Airbnb and Wish all priced $1bn+ IPOs leading up to the Christmas holiday.

2/ It wasn’t long ago that investors were bemoaning how long it took companies to go public. Only a handful were going public each year and they were fueling their growth with private capital.

3/ Starting in 2018 we started seeing more than a dozen IPOs that raised >$1bn each, in the US and globally. Many of these large IPOs have been tech companies and the markets are rewarding growth.

4/ Why did we see 4 big tech IPOs (airbnb, doordash, https://t.co/8Z1JDLbiDS and Wish) price last December? Is going public right before year end common? No, it’s not.

5/ Here are a couple of factors that make the IPO market hot right now:
- Companies originally pushed their IPOs when Covid hit
- The stock market is surging
- Election provided certainty
- The market is rewarding growth cos