Companies flocked to the stock markets last year in their highest numbers since the financial crisis, with the parent of US mobile messaging app Snap and AIB among the biggest flotations as 1,700 deals raised almost $200 billion globally.
The number of initial public offerings (IPO) marked a 44 per cent increase over 2016, according to Dealogic research. Market players are expecting another bumper year this year.
It emerged this week that Spotify, the music streamlining service, confidentially signalled to US authorities in late December that it plans to float on the New York Stock Exchange in the first quarter of this year. The group will not be using the transaction to raise fresh cash, but give existing investors a market to trade their stock.
Data-sharing company Dropbox, valued at $10 billion when it last raised money privately in 2014, is expected to IPO in the first half of this year and Airbnb, the short-term property rental service founded in 2008, is also hotly tipped to debut on the stock market.[…]
Source: Irish Times
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