US companies are raising the largest amount of money through IPOs since before the financial crisis, reports The Deal Pipeline. A greater willingness for risk among investors is pushing the US stock market to new highs. Activity has picked up recently as investors search for higher-yielding assets.
But the trend has mainly benefited dividend-paying companies such as real estate investment trusts. The article says that smaller growth-industry companies are less attractive. (Image Source: PWC IPO Watch 2013)