ipo proceeds: The 62 deals featured during the period marked the highest count in four years, according to Market Watch. Though Uber's UBER, 2.77% 8.1 billion in IPO proceeds helped it lead the pack in terms of deal size, the ride-hailing company looks poised to end the quarter with its shares bobbing around their offering price of 45. Altogether, second-quarter offerings brought in 25 billion, good for a five-year high, according to Renaissance Capital. The company earned a claim to fame when it went public, according to Renaissance, having lost more cash than any IPO ever. Opinion Uber and Lyft IPOs mean the cheap rides are coming to an end The weak reception of Uber shows that investors want to see a clear path to profitability, but strong performance by other tech IPOs and growth stocks from other industries demonstrates that investors are willing to handsomely reward fast-growing companies that have such a path, Renaissance analysts said in the report. Uber's slow start hasn't hurt the overall stock performance of companies that debuted in the second quarter, however, which saw an average return of 30% during the period.
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Tagged under ipo proceeds, deal size topics.