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IPOs are on track for a record year as companies cash in on sky-high stock prices

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Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021.

Brendan McDermid | Reuters

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Initial public offerings have come roaring back, on track for a record year as companies race to go public in a stock market at all-time highs.

So far in 2021, proceeds from U.S. IPOs have reached $89 billion, a 232% jump from last year’s level during the same period, according to data from Renaissance Capital. For the year-to-date period, the market is already at a record level in terms of funds raised, and it is expected to surpass the full-year all-time high of $97 billion raised in 2000 amid the dotcom boom,…



Source cnbc.com

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