Daily News: May 13, 2013

U.S. Firms on Track to Raise Most Money Since 2007

The Wall Street Journal reported that U.S. companies are on track to raise the most money through initial public offerings since before the financial crisis, driven by the same thirst for risk among investors that has pushed the stock market to new highs.

The Journal noted, according to Dealogic, that already this year, 64 U.S.-listed public offerings have raised $16.8 billion compared to 73 companies that raised a total of $13.1 billion in the same period in 2012.

The Journal said a more robust IPO market is seen as a potential boon for the economy because it allows companies to raise money that can be used to reduce debt or invest in their businesses.

To read the Wall Street Journal story click here.