The SEC's latest data release covers comprehensive statistics across public and private markets, including IPOs, follow-on registered offerings, corporate bond offerings, various exempted offerings under Regulations A, Crowdfunding, and D, as well as municipal advisors, transfer agents, security-based swap dealers, and asset-backed securities issuances. The report marks a significant expansion in the agency's public data transparency efforts.
Market activity surged across multiple categories in 2025, reflecting increased investor appetite and improved market conditions. Private markets saw particularly strong growth, with Regulation D offerings jumping from 32,554 to 34,553 filings, while capital raised through these unregistered offerings increased from $2.1 trillion to $2.4 trillion—representing the largest source of capital formation tracked by the SEC.
Corporate bond markets also showed resilience despite a slight decrease in the number of offerings from 1,795 to 1,694. Total capital raised through corporate bonds increased from $1.17 trillion to $1.25 trillion in 2025. Asset-backed securities issuances rose significantly from 2,032 to 2,320, while commercial mortgage-backed securities offerings increased from 302 to 348.
The data release reflects the SEC's broader initiative to enhance market transparency and provide accessible information to investors, issuers, and market participants. The agency's interactive data visualization webpage allows users to explore trends through time series charts, pie charts showing category distributions, and geographic heat maps.
"We continue to provide increasing amounts of useful data to the public," said Dr. Joshua T. White, Chief Economist and Director of the SEC's Division of Economic and Risk Analysis. "These updates offer insight into how our markets are functioning and increase overall transparency for investors, issuers, and the public."
Alongside the market statistics, DERA released a separate report examining the financial conditions of security-based swap dealers, presenting data on assets, cash positions, financial leverage, profitability, and trading positions. This marks the agency's continued focus on monitoring systemic risk in derivatives markets.
The comprehensive data release underscores the SEC's commitment to data-driven regulation and market oversight, providing practitioners and market participants with detailed insights into capital formation trends and market structure developments across both public and private securities markets.