New York (AFP) – Wall Street in 2014 enjoyed its best year for initial public offerings since 2000, thanks to the record-setting flotation of Chinese Internet giant Alibaba and a barrage of biotech deals.Activity was “uninterrupted” and proved largely immune to forces that at times rattled equity markets, Renaissance Capital said in a report this week.”While various global events, such as Russia’s incursion into the Ukraine and conflicts in the Middle East, caused nervousness in global markets, they largely failed to disrupt the US IPO applecart,” Renaissance said.Renaissance said there were 273 stock debuts in 2014, up 23 percent from …read more
Source: Business Insider
