Initial public offerings more than doubled in the second quarter as companies from Blackstone Group to Banco do Brasil sold businesses before a reversal in stock markets curbed some sales.
July 01, 2013 at 12:00 AM
1 minute read
Initial public offerings more than doubled in the second quarter as companies from Blackstone Group LP to Banco do Brasil SA sold businesses before a reversal in stock markets curbed some sales.
IPOs raised $42 billion in the period, compared with $20 billion in the first quarter, led by Banco do Brasil’s sale of its insurance unit for $5.7 billion, the biggest offering of the year, according to data compiled by Bloomberg. The number of deals increased 18 percent to 239.
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