A stock trader wearing a mask walks near social distancing signs the day a new IPO is launched at the New York Stock Exchange as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 27, 2020 in New York City. The fourth phase allows outdoor arts and entertainment, sporting events without fans and media production.
Alexi Rosenfeld | Getty Images
No one would have believed this even three months ago, but this may turn out to be the biggest year for IPOs since Alibaba went public in 2014.
Already, 111 companies have raised $37.8 billion, according to Renaissance Capital. In 2014, the year Alibaba went public, $85 billion was…