Anthony Hughes is senior reporter, equities, for IFR where he covers developments in US equity capital markets. He previously worked as a financial reporter and columnist for the Australian Financial Review and, prior to that, as investment editor at the Sydney Morning Herald.
Four more IPOs joined an expanding US new issue calendar Monday, led by the revived US$400m IPO of sponsor-backed waste management company Advanced Disposal Services.
This year’s best performing IPO, Acacia Communications, is planning a quick return to the equity capital markets.
The Trade Desk, a fast-growing ad-buying platform, soared 60% at its debut on Wednesday, the latest in a run of stellar gains from tech IPOs and a departure from the disappointing string of “ad tech” new issues in recent years.