FORTUNE — Here’s a data point for those who worry that we could be in the midst of another IPO bubble: More companies went public in the first quarter of 2014 than in any other year since the dotcom days of 2000. Now here’s some good news for the “this time it’s different” crowd: The 72 companies that priced IPOs over the past three months is a very far cry from the 136 companies that went public between January and March 2000. Moreover, the $11.14 billion in proceeds was topped as recently as Q1 2012, when 32 companies raised $13.3 billion.
More Q1 U.S. IPO data, freshly crunched by Fortune:
Totals per month
January: 20 companies raised $5.38 billion
February: 23 companies raised $2 billion
March: 29 companies raised $3.77 billion
Current price vs. IPO price
54 of the 72 offerings opened trading today above their IPO price
Current price vs. first trades
40 of the 72 offerings opened trading today above their first public market trades. For March listings, however,more than half of the issuers are now trading below their first trades.
Largest Q1 IPO
This one wasn’t even close. Santander Consumer Credit (SC) raised around $1.8 billion in its January IPO, by pricing nearly $75 million shares at $24 a piece. After that came EP Energy Corp. (EPE) at $704 million, CBS Outdoors (CBSO) at $560 million and King Digital (KING) at nearly $500 million.
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