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Soaring valuations, low borrowing costs fuel January fundraising bonanza

Soaring valuations, low borrowing costs fuel January fundraising bonanza Reuters 2/1/2021 By Sujata Rao, Karin Strohecker and Abhinav Ramnarayan © Reuters/STAFF The German share price index DAX graph is pictured at the stock exchange in Frankfurt By Sujata Rao, Karin Strohecker and Abhinav Ramnarayan LONDON (Reuters) - Exuberant share valuations and rock-bottom borrowing costs made it a bumper January for dealmakers in the equity as well as debt space, data shows, with global bond sales topping $600 billion and IPOs more than doubling on the year. World stocks had stepped back off record highs on the last trading day of the month, unnerved by the tussling between hordes of small-time traders and big hedge funds but the equity raising juggernaut continued, with bootmaker Dr Martens seeing bumper demand for its IPO and surging 16% on debut.

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