In 2013, 83 percent of all new U.S. initial Public Offerings (IPOs) chose to incorporate in Delaware. The state remains the chosen home for more than half of all U.S. publicly traded companies and 65 percent of Fortune 500® companies, according to the 2013 Annual Report of the Delaware Division of Corporations recently released by Secretary of State Jeffrey W. Bullock.
Of the 71 venture-backed companies incorporated in Delaware over the last year, 69 of them chose Delaware to launch their IPOs as Delaware business entities, including global real estate network REMAX Holdings, social media giant Twitter, and movie theater chain AMC Entertainment.
Overall, formation activity in Delaware increased 5 percent to nearly 153,000 business entities in 2013, bringing the total number of entities to more than 1,052,000.
The question, of course, is why Delaware dominates. Some people will tell you that it's because Delaware is winning a race to the bottom. They are wrong, of course.
For my take on why Delaware dominates, go here.