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Record IPO surge set to roll on in 2021
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Maureen Farrell
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Defying expectations, investors piled into initial public offerings at a record rate in 2020, and few expect the euphoria to wear off soon.
Companies raised $167.2 billion through 454 offerings on U.S. exchanges this year through Dec. 24, compared with the previous full-year record of $107.9 billion at the height of the dot-com boom in 1999, according to Dealogic.
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The coronavirus pandemic turned the typical rhythm of the IPO market on its head, with $67.3 billion raised in the fourth quarter. That amount is roughly six times the total for the first three months of the year.
Sizzling US stock markets await next leg of record IPO run in 2021
The rush looks set to continue, with an array of companies already preparing for market debuts in the new year
(Bloomberg)
. Updated: 31 Dec 2020, 06:21 PM IST Bloomberg
Around $180 billion was raised from IPOs on US exchanges in 2020, more than double last year’s total
Instead of jetting between cities to meet investors, executives and their advisers have been able pitch to potential shareholders via conference calls
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A booming market for US initial public offerings shows no sign of slowing in 2021.
Around $180 billion was raised from IPOs on US exchanges in 2020, more than double last year’s total and far above the previous high of $102 billion set in 2000, according to data compiled by Bloomberg. Companies have been emboldened by soaring equity values, especially in the second half, while a proliferation of listings by blank-check firms has also boosted volumes.
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