Stocks week ahead: Wall Street dealmakers have never been busier | CNN


There’s never been a better time for companies to raise funding from hot markets or make moves to scoop up their competitors.

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That’s been a huge boon to investment bankers, who are gearing up for another summer of juggling dealmaking with vacations.

What’s happening: The US market for initial public offerings has been on fire this year, setting post-2000 records in the first and second quarters, according to Renaissance Capital. In the April to June period alone, there were 113 IPOs raising nearly $40 billion.

“It was the busiest quarter for IPOs in over two decades, a record that was just broken last quarter, as well as the biggest second quarter by proceeds ever,” the group wrote in a report published Friday.

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