Markets
Global IPOs Blow Past $600 Billion Mark in Best Year on Record
By , , and
Why a 60/40 Portfolio Won't Be Enough to Beat Inflation
Global initial public offerings have smashed their previous record this year, propelled by a blank-check boom and companies cashing in on high valuations.
With six weeks to go, about 2,850 businesses and special purpose acquisition companies have raised more than $600 billion in IPOs, leaving the records for both deal count and proceeds reached in 2007 in the dust, according to data compiled by Bloomberg.
