June the biggest month of IPOs since dot-com bubble in Aug. 2000 – is a crash imminent?

The money printing madness has seeped into the markets, and is now bringing us a modern update to the dot-com bubble.

Earlier this month, Renaissance Capital posted an important chart on its blog. This chart highlighted the immense number of initial public offerings (IPOs) in each month since 1999, a year of the dot-com, tech bubble.

During this crazy period, dozens of companies went public each month. The peak was in Aug. 2000, when 66 companies filed for IPOs. After the dot-com crash, that number fizzled out until the mid-2000s. Although the number of IPOs didn’t spike throughout or immediately following the economic collapse, we have seen an uptick in the last couple of years, including in unprofitable firms (SEE: Dot-Com Bubble Era Returns: 71% of IPO companies were unprofitable in 2014).

In fact, June was the biggest month of companies going public since the peak month of Aug. 2000. How many went public? 35.

These 35 June IPOs generated $5.9 billion, which, according to Renaissance, is “more than the $5.5 billion raised by the 34 IPOs during the entire first quarter.”

Indeed, close to 100 companies have gone public this year, which is about one-third lower from last year. The amount of IPOs still does, however, remain strong because the market feels the economy as “relatively strong” and the Federal Reserve is on the cusp of raising interest rates (or so that’s what we’ve been hinted at).

Fifteen years ago, it was all about the websites. Today, it’s all about mobile apps, mobile messaging functions and companies that just allow you to say “Yo!” to friends. Oh, and this app raised $1.5 million with a value of up to $7 million. This type of app is similar to the websites we used to laugh at during the dot-com bubble (SEE: 10 massive failures from the dot-com bubble era).