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IPO Frenzy Drives Record $435 Billion in U.S. Stock Sales

  • Volume is far above previous high of $279 billion set in 2014
  • About a quarter of year’s bonanza came from traditional IPOs
Updated on

In a year that saw a pandemic upend financial markets and economies around the globe, U.S. companies and their largest shareholders raised a record $435 billion with stock sales.

That’s far above the previous high of $279 billion set in 2014, according to data compiled by Bloomberg. The windfall shows how issuers have dramatically turned to capital markets amid an equity rebound from the depths of the pandemic. About a quarter of this year’s bonanza came from traditional initial public offerings, which have raised a record $100 billion -- the most ever, excluding the impact of Alibaba Group Holding Ltd.’s massive debut in 2014.