This year was not particularly rich in Public Offerings. This year is closing out with roughly 105 IPOs, compared to 275 IPOs and 170 IPOs in 2014 and 2015 respectively. Moreover, buyers were pretty sceptical in 2016 and issuers had to cut prices. The average price relative to the midpoint of the expected price range was minus 7 percent. In other words, if an IPO was expected to price between $9 and $11, the midpoint was $10. The actual average price was 7 percent below that, or $9.3.  Anyway, here are the top 10 IPOs of 2016.

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The biggest IPO of the year is the public offering of Chinese delivery service ZTO Express. Furthermore, it is also the biggest IPO by a Chinese company in the U.S. since Alibaba in 2014. According to MarketWatch, ZTO priced late Wednesday, when the IPO took place, the sale of 72.1 million American depositary shares, at $19.50 a share, to bring in $1.4 billion. That was above the expected price range of $16.50 and $18.50. Morgan Stanley and Goldman Sachs were the two main underwriters.

The second biggest IPO of the year is the public offering of the company behind one of Asia’s most popular messaging apps – Line Corp. The lead underwriters were Nomura, JPMorgan Chase, Morgan Stanley and Goldman Sachs.

Athene Holding’s IPO ranks the third. Athene Holding is annuities and other related financial instruments provider. It was majority-owned by a private equity Apollo Global Management. The company hired Barclays, Citigroup, Goldman Sachs and Wells Fargo to lead its offering.

As 2016 was way poorer in IPOs than was expected, we can expect a roaring comeback in 2017. Here are some reasons according to CNBC. This year saw historic highs in the stock market, which is the main determinant of IPO activity. The new administration in U.S. with the stated goal of less regulation and lower taxes will most likely create a business-friendly environment. Any reduction in taxes and regulation would be a major plus for IPOs because it would likely increase the public valuation of the company. One of the reasons many unicorns are electing to stay private is the private valuation is much higher than the public valuation is likely to be. Finally, there are some hot IPO sectors forecasted for 2017 such as technology, energy and small fintech.