For the period from January to September of this year, 83% of American companies that conducted an IPO did not gain profits during the year before the initial public offering, Professor of Finance at the University of Florida, Jay Reiter, reported. It was a record since 1980. The previous record in 2000 was 81%. Analysts believe that the current rate of participation of loss-making companies in the initial public offering is similar to the “bubble” of companies, mainly operating on the Internet, 20 years ago. This “bubble” that caused serious damage to many investors, however, is different from the current situation, as the position of today's technology companies entering the IPO is better than at the beginning of the century. It is also noted that among the unprofitable companies are biotech companies, whose IPO attracts the attention of investors.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
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The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...