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