Direct listings have an average rise of 64.4% from their opening trading prices while the S&P 500 had a 26.8% return and the Renaissance IPO index rose 31.1%.
The top 25 private-equity firms are sitting on $509.8 billion in uninvested cash, holding 22.3% of the global dry powder total of $2.29 trillion in August. That is a significant increase from December, when the worldwide total was just under $2 trillion; in December 2019, the figure was $1.63 trillion.
Total margin debt contracted 4.3% in July, the first monthly decline in 15 months.
Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion. Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.
More than 20 million jobs were lost in March and April 2020, when pandemic-related restrictions caused the economy to contract sharply. By June 2021, economic output had returned to prepandemic levels, but employers had 6.6 million fewer jobs on payrolls.
Net wealth has risen by $18 trillion during the pandemic, thanks in part to expanded unemployment insurance and stimulus checks.
Just $3 billion of the $47 billion of aid authorized by Congress in December and March had been delivered to landlords and tenants as of June 30. About 8.2 million adults were behind on their rent or mortgage as of July 5 and have low confidence they can pay on time next month.
The pandemic triggered a two-month recession last year that began in February 2020 and ended in April, making it the shortest on record.
Nasdaq Inc. is teaming up with a group of banks including Goldman Sachs Group Inc. and Morgan Stanley to spin out its marketplace for shares of private companies. Under current regulations, such deals are typically limited to accredited investors.