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.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese EV maker Xpeng increases US IPO size to US$1.5 billion, say sourcesChinese electric vehicle (EV) maker Xpeng has increased the size of its U.S initial public offering (IPO) to about US$1.49 billion, two sources ...
Read more »
US troops injured in interaction with Russian forces in Syria, US officials sayWASHINGTON (REUTERS) - A small number of US troops were injured during an interaction with Russian forces in Syria, two US officials told Reuters on Wednesday (Aug 26).. Read more at straitstimes.com.
Read more »
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, ...
Read more »
US: Wall St opens higher as Fed targets 2% average inflation[NEW YORK] US stocks opened higher on Thursday as Federal Reserve Chair Jerome Powell rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back to healthier levels. Read more at The Business Times.
Read more »
China says U.S. South China Sea sanctions are unjustChina's foreign ministry said on Thursday that it was unjust for the United States to impose sanctions on Chinese companies involved in construction in the South China Sea as these activities were happening on China's own territory. Ministry spokesman Zhao Lijian made the comments at a daily
Read more »
US pending home sales rise for third straight month inContracts to buy U.S. previously owned homes increased for a third straight month in July as the housing market continues to outperform the ...
Read more »