Despite the US-China trade war and the economic uncertainties (e.g. Brexit and social unrest in Hong Kong) that ran through 2019, the overall IPO markets performed respectably well.
An impressive number of “unicorns” took a leap from private to public markets akin to the upcoming IPOs of December 2020. The value of capital raised via IPOs globally was $229 billion in 2019, according to data compiled by Bloomberg. A flurry of IPO activity continued to dominate the scene by deal numbers and proceeds in the technology, energy, health care, and industrials sector.
The US remained one of the top IPO markets, with total proceeds of $50 billion from 165 IPOs on the NASDAQ and NYSE combined. Companies like Slack and Uber fell flat while their mega-rivals headlined for giving investors an extraordinary day. But overall, the average IPO size was $219 million, the highest since 2014.
This year is going to be no different. Despite the post-election uncertainty and the market volatility, Wall-Street’s thirst for high growth companies remains unquenchable. To say that December is going to be a momentous month for upcoming IPOs would be an understatement.
Lining up to be the Belle of the Ball by early next year are consumer-focused Silicon Valley unicorns. The upcoming tech IPOs reflect Silicon Valley’s flair to outperform the market even in the face of a global recession. E-commerce, software, and gaming companies have soared through the coronavirus pandemic better than most sectors. Investors poured big bucks into stay-at-home stocks like Zoom for online video conferencing, Peloton for interactive fitness offerings, and Etsy for online retail.
Diese Geschichte stammt aus der December 2020-Ausgabe von Industry Leaders.
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Diese Geschichte stammt aus der December 2020-Ausgabe von Industry Leaders.
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POWERFUL WOMEN IN FINANCE
The coronavirus is not only a public health crisis of magnitude – it’s also a looming reshuffle of the global economic order. Leading through the pandemic and economic crisis is not a minor accomplishment, but the events of this past year haven’t stopped the 10 trailblazers who make up Industry Leaders’ Most Powerful Women in Finance list.
GERMANY ADOPTS NEW LAW TO HASTEN THE END OF COAL PLANTS
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IRS AND JUSTICE DEPARTMENT INVESTIGATING CRYPTO EXCHANGE BINANCE
Singapore-based Binance was co-founded in 2017 by Changpeng Zhao, and is the largest cryptocurrency exchange in the world. The US Commodity Futures Trading Commission (CFTC) is probing money laundering and tax-related offenses on the platform by any US citizen. They are investigating whether any illegal trading of derivatives linked to digital tokens was done. The United States residents can only purchase these kinds of products from firms registered with the CFTC.
GEN Z ANGELS
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Biggest AI Talent Grab of the Year
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POSTWAR BOOM
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GOOGLE PLANS TO BUILD A COMMERCIAL QUANTUM COMPUTER BY 2029
Google is confident it can build a commercial-grade quantum computer by 2029. The search engine giant’s chief executive Sundar Pichai announced the plan to build a quantum computer during the Google I/O stream. To follow through on this ambitious journey is an important milestone in the form of a new Quantum AI campus in Santa Barbara, California, where Google engineers and scientists will be hard to work to build the world’s first commercial quantum computer.
BEYOND THE STARS
The dream of space tourism is alive and well.
2021 SEMICONDUCTOR CHIP SHORTAGE
The semiconductor chip shortage is far from over but this hasn’t stopped governments around the globe from getting creative to move production ahead. The impact of the chip crisis on the automotive market has been debilitating, resulting in competition between automakers and electronics manufacturers.
