21 hours ago
Citigroup Sees Bigger IPOs as Private Deals Bulk Up Valuations
A wave of big initial public offerings is building as emerging growth companies stay private for longer and bulk up their valuations through secondary stock sales.
'I don't know if it's here forever, but I think you are winding up a coil,' said John Collmer, global head of private placements at Citigroup Inc. 'You are creating this massive backlog of quality companies that will go public.'
