M&As rise 8% to $32.3 billion till April despite Covid wave: Report

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A massive 133 per cent jump in the proceeds from initial public offerings (IPOs) has seen the deal street on a near roll in spite of the raging second wave of the pandemic, with the value of mergers and acquisitions increasing by 8 per cent to USD 32.3 billion across 437 deals till end-April this year, says a report.

As many as 28 initial public offerings (IPOs) raised USD2.7 billion in proceeds till end April, which is a massive 133 per cent more than the same time last year, according to the latest data collated by Refinitiv, which is a global leader in financial markets data, and is an arm of the London Stock Exchange.

The deal street got the second boost from the private equity-backed deals which soared 110 per cent year-on-year with as many as 93 deals worth USD 5.9 billion, show the Refinitiv data. 

Cross-border deals saw a marginal 4 per cent growth, accounting to USD 14.3 billion across 124 transactions, while…

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