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Wall Street Rallies To Set Up Big IPO Year In 2018

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A relentless run in US stock indexes this year has laid the groundwork for a strong IPO market in 2018, with many expecting several multi-billion dollar firms, including Airbnb and Spotify, to garner headlines with their offerings. The S&P 500, the Dow Jones, and the Nasdaq are all set to end the year with their biggest annual gains since 2013. According to a report by Reuters, the president of the Nasdaq Stock Exchange, Nelson Griggs, said, "Interest rates are still around historical lows so there is likely a sense of urgency for companies to take advantage of the window.”

Added on the 15/12/2017 15:04:28 - Copyright : Wochit

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