IPOs Slow Down Globally in Q3 After Frenetic 2021 Start

Initial public offerings (IPO) globally slowed in the third quarter of 2021 from their previous frenetic pace, but the number of listings in the first nine months of the year still was the highest since the dotcom bubble of 2000, according to Refinitiv data. IPOs in the third quarter raised a total of about $94.6 billion, down 26.3 percent from the second quarter, as activity cooled due to a summer slowdown and U.S. scrutiny of Chinese listings following Beijing’s crackdown on DiDi Global Inc. just days after its New York IPO. More than 2,000 IPOs have raised a combined $421 billion globally year-to-date, a record high, as private companies rushed to attain the soaring valuations of their publicly listed peers. That was more than double the proceeds raised during the same period last year. This number includes IPOs of 486 special purpose acquisition companies (SPACs) that went public in the …

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BOJ Kuroda Vows to Keep Easy Policy on Weak Consumption, Inflation

Thu Sep 30 , 2021
TOKYO—Bank of Japan Governor Haruhiko Kuroda on Thursday stressed the bank’s readiness to maintain massive stimulus, as the fallout from the pandemic weighs on consumption and keeps inflation distant from its 2 percent target. Kuroda said the world’s third-largest economy is expected to show clearer signs of recovery as robust […]
BOJ Kuroda Vows to Keep Easy Policy on Weak Consumption, Inflation

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