Tradeweb Markets, an electronic trading platform backed by Blackstone, went public Thursday morning at $27 but opened on the Nasdaq at $34.26, a significant premium. Original price talk of 27.2 million shares at $24 to $26 was twice raised, eventually settling at 40 million shares at $27.
The much-anticipated IPO rush started with jeans legend Levi Strauss, which went public on March 21 at $17 and is still trading well above its initial price, just below $22. Depending on market conditions, the value of all those companies could be between $700 billion and $1 trillion. The amount sold to the public could top $100 billion, which would surpass the record $96 billion raised in 2000.
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