U.S. Stock Sales Roar Back With $20 Billion Blockbuster Week
- Sea, Nio deals show resurgence in U.S. cross-border issuance
- Firms ramp up stock sales before potential tax policy changes
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The U.S. equity capital market is wrapping up its biggest week in more than a year, with corporate issuers and their shareholders taking advantage of unabated demand for stocks to offer more than $20 billion of shares.
A selling spree in shares of firms including State Street Corp., T-Mobile US Inc. and VICI Properties Inc. came by way of two dozen secondary offerings, according to data compiled by Bloomberg. The deals also included a $6.3 billion transaction by e-commerce and digital finance company Sea Ltd., the largest stock offering of the year.