over 2 years ago • 1 min
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.
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