New York City, NY – Marcum LLP was the top-ranked IPO auditor for the first quarter of 2019, according to Audit Analytics. Marcum completed more IPO audits than any other U.S. accounting firm and surpassed two of the Big Four firms in total capital raised by IPO clients.
Eight (20%) of the 40 IPOs occurring in the period ended March 31 were audited by Marcum. The transactions accounted for $896 million, or 11.5% of total capital raised by IPOs during the first quarter. This exceeded the combined total raised in IPOs audited by two of the Big Four and accounted for nearly a third (32%) of the capital raised by all non-Big Four transactions.
“The market for IPOs remains active and is likely to become even more active as the year progresses, now that the government shutdown is behind us and potential registrants can resume preparation for the going public process. Companies turning to the public markets for capital need experienced auditors who can help them prepare for the vigors of registration and regulatory compliance. It is critical that companies begin behaving like registrants well before a liquidity event, in order to demonstrate to investors that they have the intelligence, infrastructure, and management to thrive as public entities. Many of them turn to Marcum for our expertise and commitment to superior client service during what is certainly the most stressful time for IPO clients,” said David Bukzin, Marcum’s vice chairman and leader of the Firm’s national SEC Service Practice.
Marcum is a registered Public Company Accounting Oversight Board (PCAOB) firm. Marcum's Assurance Division provides the most up-to-date service and guidance on SEC accounting and reporting issues. Services include Financial Statement Audits in accordance with PCAOB standards; Tax Compliance and Advisory Services; Due Diligence; Agreed-Upon Procedures and Other Attest Work; Internal Audit Services; Sarbanes-Oxley Section 404 Compliance Services and Software; Technical Accounting Assistance; and IPO Assistance.
For more information, visit www.marcumllp.com.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China, and Ireland. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting, and assurance services; advisory, valuation, and litigation support; managed accounting services; and an extensive portfolio of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as nonprofit and social sector entities, high net worth individuals, private equity funds, and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services. For more information, visit www.marcumllp.com.