A string of recent big stock sales by public companies is boosting confidence among bankers and investors that the drought in IPOs may finally be easing.
More than 50 publicly traded companies in the U.S. raised a total of roughly $7.4 billion for themselves or shareholders in February, compared with 23 raising $1.8 billion in the same month last year, Dealogic data show. (That is still far lower than in the prior share-sale boom, when 150 companies raised $32 billion in February 2021.)
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