Rivian And China Telecom Help Global IPOs Smash Through $600 Billion Barrier

Rivian And China Telecom Help Global IPOs Smash Through $600 Billion Barrier
Andrew Rummer

over 2 years ago1 min

Mentioned in story

Companies globally have raised more than $600 billion in initial public offerings (IPOs) so far this year, eclipsing last year’s total and the previous record set in 2007 before the global financial crisis knocked markets sideways. 

The high valuations investors are willing to pay for publicly traded shares has fueled a rush of companies onto the world’s stock markets in 2021 – with the numbers also boosted by special purpose acquisition companies (SPACs) seeking to raise cash for future acquisitions.

About 2,850 companies and SPACs have sought to become public so far this year, according to Bloomberg data. In aggregate, SPACs raised nearly $160 billion of the $600 billion total.

The biggest US IPO was this month’s debut by electric vehicle maker Rivian, which raised almost $12 billion. Asia’s largest deal was China Telecom’s $8 billion listing in August and the top spot in Europe went to InPost, a Polish provider of parcel lockers that raised $3 billion in January.

Finimize

BECOME A SMARTER INVESTOR

All the daily investing news and insights you need in one subscription.

Disclaimer: These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment advisor.

/3 Your free quarterly content is about to expire. Uncover the biggest trends and opportunities. Subscribe now for 50%. Cancel anytime.

Finimize
© Finimize Ltd. 2023. 10328011. 280 Bishopsgate, London, EC2M 4AG