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Corporate

Jul. 2, 2014

Financial sector IPOs lead the way

Global initial public offering activity in the second quarter of the year was dominated by new issuances in the financial sector, according to a report released late last week by IPO data tracker Renaissance Capital LLC.


By Dominic Fracassa


Daily Journal Staff Writer


Global initial public offering activity in the second quarter of the year was dominated by new issuances in the financial sector, according to a report released late last week by IPO data tracker Renaissance Capital LLC.


The financial industry raised $16.1 billion worldwide, a figure bolstered by a handful of billion-dollar IPOs, including a $2.4 billion offering for auto loan provider Ally Finan...

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