Ponce
21st April 2010, 01:27 PM
First there was the American car commercial comparing themselves to Toyota and now the US economy to China's economy.........how far will the lies go?
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April 21 (Bloomberg) -- U.S. initial public offerings, which dried up two months ago, are now outperforming IPOs from Brazil and closing in on China.
U.S. companies that sold shares this year have advanced 4.1 percentage points more in their first month of trading than Brazilian IPOs, and are trailing Chinese IPOs in Hong Kong by 4.5 points, according to data compiled by Bloomberg. Software producers DynaVox Inc. and Mitel Networks Corp. and five other companies will seek to raise $1.1 billion today, the most U.S. deals since the credit crisis began, the data show.
American offerings are luring investors even as Brazil’s economy expands almost twice as fast and China grows at more than three times the pace of the U.S. They’re buying after the Standard & Poor’s 500 Index rallied to an 18-month high, $8 trillion in government support and interest rates near zero percent helped revive demand and 82 percent of S&P 500 companies posted profit that beat analysts’ estimates.
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April 21 (Bloomberg) -- U.S. initial public offerings, which dried up two months ago, are now outperforming IPOs from Brazil and closing in on China.
U.S. companies that sold shares this year have advanced 4.1 percentage points more in their first month of trading than Brazilian IPOs, and are trailing Chinese IPOs in Hong Kong by 4.5 points, according to data compiled by Bloomberg. Software producers DynaVox Inc. and Mitel Networks Corp. and five other companies will seek to raise $1.1 billion today, the most U.S. deals since the credit crisis began, the data show.
American offerings are luring investors even as Brazil’s economy expands almost twice as fast and China grows at more than three times the pace of the U.S. They’re buying after the Standard & Poor’s 500 Index rallied to an 18-month high, $8 trillion in government support and interest rates near zero percent helped revive demand and 82 percent of S&P 500 companies posted profit that beat analysts’ estimates.