IPO Offerings, Amount Raised, Maintaining Fast Growth
The 139 initial public offerings completed in the U.S. as of June 25 is an increase of 63.5% from the 85 IPOs during the same period last year. The IPOs have raised $29.4 billion in proceeds, an increase of 55%, reports Renaissance Capital. In the past 12 months, the IPOs showing the biggest gains start with energy company Phillips 66 Partners (PSXP), a limited partnership that owns pipelines and logistics assets. The company is up 235% from its