Public businesses have been getting gain of a hot stock industry by issuing shares at record tempo in January.
U.S.-stated providers have carried out 80 follow-on stock offerings this calendar year by way of Friday, elevating $16.35 billion. Both equally quantities are information for this level in the yr, in accordance to Dealogic data heading back again to 1995.
Lots of of the offerings have been from tiny pharmaceutical and other health-care firms. Also in the blend: pandemic-era videoconferencing star
Zoom Online video Communications Inc.,
which elevated $2 billion in the most significant this sort of featuring this calendar year as it appears to create out its functions.
On Tuesday afternoon alone, 18 U.S.-shown corporations unveiled options for secondary or adhere to-on choices, according to the economical-information firm StreetInsider.com.
The offerings coincide with voracious investor desire for inventory: The S&P 500 has risen 2.3% this yr, setting repeated