US IPO pipeline doubles in best climate for four years

US private equity firms are enjoying the best climate for flotations in four years, according to fresh statistics.

Twenty-nine venture-backed companies raised $2.1 bn (€1.7bn) through initial public offerings in the second quarter, twice as many as in the first quarter and the highest since the summer of 2000.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire