Deals
U.S. IPOs Rattled by Volatility May Be Back for Year-End
- Firms raised $6.1 billion in third quarter, least since 2012
- First Data, Pure Storage, Digicel on deck to go public in 4Q
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After a modest quarter for U.S. initial public offerings, disrupted by soaring market volatility in August, several companies including First Data Corp. and Pure Storage Inc. are on deck to go public in the next month, signaling that the year may end on a more interesting note.
Companies going public in the U.S. from July through September raised about $6.1 billion, the lowest volume in the third quarter since 2012, according to data compiled by Bloomberg. That volume also reflects more than an 80 percent drop from the year-earlier quarter, primarily because Alibaba Group Holding Ltd. raised a record $25 billion in a U.S. listing last September.