$70.2 billion:: The proceeds mobilised by the New York Stock Exchange (NYSE) through initial public offerings (IPOs) in 2020 so far.
- The US markets have been the biggest venues for IPOs this year, with NYSE and Nasdaq ($60.4 billion) together commanding proceeds of over $130 billion and a global share of 41.1%.
- Hong Kong stood third with $51.1 billion, primarily because of Ant Group’s now-suspended $34.4-billion IPO.
- Shanghai’s SSE STR MK, where Ant Group had raised $19.7 billion, was fourth with proceeds of $48 billion.
- In terms of number of issues, NYSE has seen 128 this year, Nasdaq 235, Hong Kong 109, and SSE STR MK 123.
- The BSE stood eighth with proceeds of $6.4 billion in 2020 (165 per cent more on a year-on-year basis) in 22 IPOs.
A few links for further reading
Insecure and uncertain in insurance business as Covid-18 damage claims mount
Insurance companies around the world were sailing smoothly, helped by growth in emerging markets and strong capitalisation. Things changed in late February when markets realised that Covid-19’s impact on insurers could be significant. Insurers are yet to know the full impact of the crisis as governments and regulators nudge them to give moratoriums to policyholders and quickly settle claims too. India’s insurance regulator has set strict deadlines for medical insurers to settle Covid-19 claims. General insurers face damage claims from businesses devastated by the national lockdown to contain the disease. Is insurance secured to survive, Joydeep Ghosh explains
There was a time when pay cuts we see today were a complete no-no; govt and public sector jobs were considered safe, as pay and pensions were both assured. Not any longer, it seems, writes T N Ninan
Quick approval, grace period
The COVID-19 pandemic has brought home the significance of health and life insurance like nothing else earlier. Even those who were blasé about these covers in the past are now looking to buy a new policy or want to enhance the sum insured on their existing ones. Meanwhile, the Insurance Regulatory and Development Authority of India (IRDAI) has been issuing a slew of guidelines to health/general and life insurance companies aimed at easing matters for customers.