November 17, 2021
Markets

IPO market: The global IPO market has never been hotter than it is right now

By Swetha Gopinath and Myriam Balezou

Companies are racing to public markets like never before, cashing in on record-high stock prices.

An all-time high of almost $350 billion has been raised in initial public offerings in the first six months of this year, according to data compiled by Bloomberg, surpassing the previous peak of $282 billion from the second half of 2020 and enriching entrepreneurs and bankers alike.

When the rush for IPOs kicked off last year, stay-at-home technology dominated the scene, seizing on investor interest in anything digital, while special-purpose acquisition companies also flooded the market. This year, with stocks continuing to push skyward, the trend has broadened to include renewable-energy companies and online retailers.

Everyone from Swedish oat-milk company Oatly Group AB to bootmaker Dr. Martens Plc sold shares in 2021. Still, tech accounts for a…

Read full article here: economictimes.indiatimes.com