Three months on from Alibaba’s record $25bn initial public offering, the Chinese ecommerce group’s name still conjures fond memories on Wall Street.
But Alibaba was just one flag in what has been a banner year for flotations that saw several records shattered: the largest US real estate investment trust listing, the largest master limited partnership offering and, of course, the largest IPO in history.
In total, proceeds from 285 IPOs reached more than $94.6bn in the US, a 53 per cent jump from a year earlier and the highest level since the dotcom bubble in 2000, according to data from Dealogic.
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