US IPO market channels spirit of '99 to tee up bumper 2020

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A host of companies have filed for U.S. initial public offerings (IPOs) this week in the busiest period in recent history, as businesses rush to ...

A host of companies have filed for U.S. initial public offerings this week in the busiest period in recent history, as businesses rush to take advantage of ample investor appetite for new stocks.

There were 17 filings of registration statements to go public this week as of Friday morning, the highest in the last five years, Refinitiv data showed.Action by the U.S. Federal Reserve earlier this year to pump cash into markets has driven equity markets back up to record highs despite the economic hit from the pandemic.

Some companies have been able to notch eye-watering gains. Retail software firm BigCommerce Holdings Inc has seen its shares rise over 300per cent since its public debut earlier this month. Companies have raised more than US$70 billion in U.S. IPOs so far in 2020, already outpacing a US$62.5 billion haul for all of 2019. That puts the year on track to be the busiest since 2014 and second-biggest since 2000.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

For US reopening, labor market wound is healing slowlySmall business staffing, shifts worked at industries and job openings posted by companies continued a sluggish performance over the past week, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »