Investment bankers are seeing a surge in activity this August, with 12 new IPOs raising $2.9 billion. Market demand for new issues is high, leading to companies like Bullish raising over $1 billion in their IPO. Tech and crypto names are dominating the IPO market this year.

Despite the usual summer slowdown, IPO activity remains strong, with companies like Klarna and StubHub expected to join in. In the second quarter, JPMorgan, Goldman Sachs, Citigroup, and Morgan Stanley reported increased revenue from equity underwriting fees. Only JPMorgan saw a decrease in fees compared to the previous year.

Read more at Yahoo Finance: IPO market surges in August with companies ‘striking while the iron is hot’