By Michael Greene, Bloomberg BNA
Snap Inc. and other stock issuances from the first quarter may signal that the U.S. initial public offering market is rebounding.
Thirty-seven companies priced IPOs and raised $14.12 billion in the first quarter of 2017, according to Bloomberg Law data. In the first quarter of 2016, only 14 companies priced IPOs and raised $1.44 billion.
The strong start to 2017 was bolstered by the three largest IPOs of the quarter — Snap ($3.91 billion), Invitation Homes Inc. ($1.77 billion) and Silver Run Acquisition Corp. II ($1.04 billion).
“We had a relatively busy first quarter and ...
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