News Formal

Stock sale frenzy foretells U.S. IPO market comeback

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

A likely wave could mark the end of a weak market for debuts that has persisted for a year and a half

A flurry of stock sales by companies points to a likely wave of initial public offerings launching come September, potentially marking the end of a weak market for debuts that has persisted for a year and a half.

“Historically, follow-on activity of this magnitude should lead to animal spirits in the IPO market,” said Daniel Burton-Morgan, head of Americas syndicate for equity capital markets at Bank of America Corp. Goldman Sachs Group Inc’s IPO Issuance Barometer, which measures how conducive the macroeconomic environment is for IPOs, is now at its highest level since March 2022.

The tally included Intel Corp selling $1.6 billion worth of stock in former self-driving technology unit Mobileye Global, and General Electric’s $2 billion sell-down of is stake in GE Healthcare Technologies.Major companies are waiting in the wings to launch their market debut come September, when the IPO window traditionally opens after a summer lull.

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:

 /  🏆 5. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Stock market today: Global shares mostly slip after US markets closed for a holidayGlobal shares mostly declined Tuesday after a meeting between Chinese leader Xi Jinping and Secretary of State Antony Blinken yielded no signs of progress from either side on Taiwan, human rights, technology and other issues of contention.
Source: CTVNews - 🏆 1. / 99 Read more »

U.S. stock market’s gains hinge on timing of Fed’s pause or skipHistory shows prospects for the bull market to keep running improve if Fed opts for a longer pause before its next rate increase. Read on.
Source: financialpost - 🏆 7. / 85 Read more »

U.S. stock market’s gains hinge on timing of Fed’s pause or skipHistory shows prospects for the bull market to keep running improve if Fed opts for a longer pause before its next rate increase. Read on.
Source: nationalpost - 🏆 10. / 80 Read more »

U.S. stock market’s gains hinge on timing of Fed’s pause or skipHistory shows prospects for the bull market to keep running improve if Fed opts for a longer pause before its next rate increase. Read on.
Source: fpinvesting - 🏆 43. / 63 Read more »