Global IPO raising hits USD2.3 billion in six months

Exyte

For the first half of the year, total initial public offers, IPO raised an estimated USD21.6 billion in the first six months.

According to a report issued by the New York Stock Exchange, a subsidiary of the Intercontinental Exchange, the market for IPOs rebounded from 2016, which was impacted by global equity market volatility.

The NYSE listed the largest IPOs this year to date, including Snap Inc. (NYSE: SNAP), Altice USA (NYSE: ATUS) and Invitation Homes Inc. (NYSE: INVH), which raised a total of $6.9 billion in proceeds. In addition, global brands such as Canada Goose Holdings Inc. (NYSE: GOOS), Cloudera (NYSE: CLDR), Brazilian airline, Azul S.A. (NYSE: AZUL) and China’s leading K-12 schools operator Bright Scholar Education Holdings Ltd. (NYSE: BEDU), exemplify NYSE’s strategy to help innovative companies access public markets to build on their vision and unlock value.

“Market conditions this year have been solid for raising capital in the U.S., enabling companies to invest, innovate, hire and grow – ultimately fueling the economy,” said John Tuttle, Global Head of Listings, NYSE. “We are thrilled that these companies chose the NYSE for their IPO listings, which is a testament to the strength of our market model and the value we provide to our global community of great companies.”

NYSE Group President, Tom Farley offered his views on the outlook for the second half of 2017: “Our society thrives on the growth that entrepreneurs and their companies deliver. Based on our strong pipeline, we expect a range of IPOs across industries, including tech, biotech and industrials in the second half of the year. We are preparing for them to join our listed community, and to help them continue to realize their visions as they bring their innovations to the world.”

Share:
Tagged

Leave a Reply

Your email address will not be published.