New post added at News Channel 365 - Wall Street eyes Uber, Airbnb after hot 2014 for IPOsSource: businessinsider - Saturday, December 20, 2014 New York (AFP) - Wall Street in 2014 enjoyed its best year for initial public offerings since 2000, thanks to the record-setting flotation of Chinese Internet giant Alibaba and a barrage of biotech deals. Activity was "uninterrupted" and proved largely immune to forces that at times rattled equity markets, Renaissance Capital said in a report this week. "While various global events, such as Russia's incursion into the Ukraine and conflicts in the Middle East, caused nervousness in global markets, they largely failed to disrupt the US IPO applecart," Renaissance said. Renaissance said there were 273 stock debuts in 2014, up 23 percent from 2013. Dealogic released similar numbers, counting 291 offerings, up 27 percent from 2013. Analysts are gearing up for another heady year in 2015, citing a deep pipeline of securities filings from leading prospects and investor zeal for such hot names such as apartment rental website Airbnb and app-based taxi service Uber. - Raising money for growth - New entrants to US equity markets raised $85 billion in 2014, according to Renaissance, about 55 percent more than in 2013. "What is behind the growth is that companies are really growing and need more capital to continue to accelerate their growth," Bob Greifeld, Nasdaq chief executive, said on CNBC. "That is great for the overall economy." The year 2000 remains the best on record for IPOs, with 406 offerings raising $96 billion, Renaissance noted.All Related
Posted on: Mon, 22 Dec 2014 05:26:22 +0000
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