October 20, 2021

U.S. IPO boom braves market volatility

Oct 11 (Reuters) – Weeks of stock market volatility have done little to dent the record-setting pace of U.S. initial public offerings, with capital market insiders forecasting a strong finish to the year and a robust pipeline of listings in 2022.

More than 2,000 IPOs raised a combined $421 billion globally by the end of September, a record high, as private companies rushed to attain the soaring valuations of their publicly listed peers. That was more than double the proceeds raised during the same period last year, according to Refinitiv data.

Four IPOs were withdrawn or postponed in the United States in the last three weeks, according to Dealogic. Uncertainty over the U.S. debt ceiling, the financial woes of Chinese property developer Evergrande and spiraling energy prices and inflation fueled wild swings in the stock market, making it more difficult for companies to price their stock…

Read full article here: www.reuters.com