Twitter Entering Hottest IPO Market in Five Years
Twitter Entering Hottest IPO Market in Five Years (NewYorkTimes)
As Twitter begins an eight-city roadshow for institutional shareholders like Fidelity and Blackrock, it does so in a year when initial public offerings (IPOs) are also becoming popular again with high net-worth private investors. This year alone, 169 companies have gone public in the United States, raising some $45 billion in funds, according to Thomson Reuters. Both of these numbers are the highest levels since the 2008 financial crisis. In addition, in this year alone, there have been separate IPOs that raised a billion dollars each. According to Liz Myers, JPMorgan Chase’s head of global equity capital markets, it’s because, “There’s a willingness to pay for growth in a slow-growth economy.” Whatever the reason is, will you be one of the first lined up to purchase your Twitter shares?