The global market for initial public offerings may finally be offering some encouraging signs to investors hungry for returns.
Following a first quarter that was the slowest start to global listings since the financial crisis, the second quarter ushered in several billion-dollar-plus offerings and an average share jump of more than 30 percent. Danish utility company Dong Energy A/S raised $2.6 billion on June 9, China Zheshang Bank Co. raised $1.9 billion in March, including an overallotment, and food distributor US Foods Holding Corp. raised about $1.18 billion last month.
