Wall Street’s record-breaking run for stock market flotations shows no signs of slowing down, writes U.S. News & World Report.
With more than six months until the year ends, IPOs have already totaled $171 billion, eclipsing the 2020 record of $168 billion, according to data from Dealogic.
Driving the IPO rush are sky-high corporate valuations in the stock market, inflated by the Federal Reserve’s low-interest rates and monetary stimulus in the wake of the COVID-19 pandemic. This has fueled a wave of speculative frenzy that benefit not just traditional companies going public, but also SPACs.
The IPO gold rush is set to reach new heights in the second half of 2021. Read more.
