A total of 22 Equity Offering deals (pending and completed) were announced in the North America region, driven by Internet of Things, in the last twelve months resulting in a total deal value of over $931.1 million. In the LTM period, June 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $413.0 million, resulting in an average deal value of $137.7 million during that month. On the other hand, the month of June 2022 was the most prolific in terms of deal volume, recording a total of 3 deals, resulting in an average deal value of $1.2 million during that month.
Of the 22 deals, the deal secured between Redstart Labs; The Goldman Sachs Group Inc and Wso2 Inc, was the largest Equity Offering deal in the North America driven by Internet of Things, which was valued at $93.0 million and was completed on November 11, 2021. The second-largest deal was between Bill Gates; Hanwha Systems Co Ltd and Kymeta Corp, while the third-largest deal was between KT Corp and Neurosigma Inc. The Bill Gates; Hanwha Systems Co Ltd-Kymeta Corp deal and the KT Corp-Neurosigma Inc deal were valued at $84.0 million and $5.0 million, respectively.
Cumulatively, the top five deals amounted to $182.0 million and accounted for nearly 19.55% of the total deals (by value) announced during the last twelve months. The North America region accounted for 9.94% of the total Equity Offering deals done globally, and accounted for 42.31% of the total deal size on a global scale.
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