nearly 600 IPOs have hit the market since January 2023, with 335 just this year as of October 14. Among 110 SME IPOs in the first half of 2024, a whopping 87 ended up in the green, and 43 doubled investors’ money, according to PRIME Database data. Think about it—three out of four SME IPOs made investors richer, and 40% turned into multibaggers.