NEW YORK: U.S. public companies sold more than US$60 billion in shares in May, the biggest monthly haul ever, as they capitalized on a stock market rally fueled by hopes that the COVID-19 pandemic is subsiding.
The market has rocketed back with US$22.3 billion sold in April and US$65.3 billion in May, the highest on record. The share sales echo a similar trend in U.S. debt markets, where companies have raised more than US$1 trillion so far in 2020.
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: