Worldwide IPOs Set New Record With $600 Billion Valuations-US News | The Epoch Times

Global initial public offerings had the best year on record in 2021, especially those in the United States, with an abundance of liquidity and favorable monetary policies that have resulted in high company valuations and a special purpose acquisition (SPAC) boom. About 2,850 businesses and SPAC companies have raised more than $600 billion in IPOs according to data compiled by Bloomberg, smashing the record of $420 billion set back in 2007 before the financial crisis. U.S. IPOs, including popular names like Robinhood Markets Inc. (HOOD), Roblox Corp. (RBLX), and GlobalFoundries (GFS), have raised nearly $276 billion so far this year, according to data from Dealogic. This includes SPAC deals as well. The first name on the list is Rivian Automotive Inc. (RIVN), the electric truck startup, which was valued at over $100 billion when it launched on Nasdaq, after raising nearly $12 billion in the world’s biggest IPO of 2021. …

Naveen Athrappully

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