U.S. corporations are speeding to money in on soaring stock prices.
It isn’t simply the white-hot marketplace for preliminary public choices. Corporations are returning to the general public markets to situation shares and lift money from buyers on the similar time that present shareholders are tapping the general public market to unload their stockholdings at a report clip.
Corporations together with Zoom Video Communications Inc. and Norwegian Cruise Line Holdings Ltd. have sold billions of dollars of shares this yr.
The record of corporations tapping the general public markets this yr is sprinkled with meme shares which have benefited from the momentum of their share costs equivalent to AMC Leisure Holdings Inc. and GameStop Corp.
There have been 556 follow-on choices, or inventory gross sales by corporations or present shareholders, amongst U.S. corporations this yr, probably the most since 1996, based on Dealogic information. They’ve raised a complete of $133 billion.
https://www.wsj.com/articles/companies-strike-while-the-stock-market-is-hot-11629883802?mod=pls_whats_news_us_business_f | Corporations Strike Whereas the Inventory Market Is Scorching