Infotech Capital Offerings Raise $2.94B In May – S&P Analysis
Capital markets activity among publicly traded infotech companies in the U.S., Canada and Bermuda brought in $2.94 billion in May, according to S&P Global Market Intelligence data. The figure is a 63.73% drop from the April total of about $8.1 billion. It is also the sector’s second-lowest monthly total in 2022, after the $2.04 billion raised in January.
Capital Raised By Infotech Companies
Key highlights from the report include:
The biggest portion of the total capital raised in May came from senior debt offerings at nearly $2.9 billion, while common equity offerings brought in the remaining $39.1 million.Get The Full Walter Schloss Series in PDF
Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.
Q1 2022 hedge fund letters, conferences and more
Qualcomm , Inc. (NASDAQ:QCOM)'s $1.00 billion offering of its 4.500% notes was the month's largest offering. Broadcom Inc (NASDAQ:AVGO)'s $2.5 billion debt offering in March is the largest debt offerings year to date, outranking Snap Inc.'s private placement in February of $1.5 billion of its 0.125% convertible senior notes. For the second month in a row, semiconductor companies achieved the biggest total raise year to date across the broader infotech sector with $10.42 billion. IT consulting and other services companies came in next, holding on to the April total of $4.09 billion, while application software companies ranked third with $3.60 billion.Please find the full analysis here: Infotech capital offerings raise $2.94B in May | S&P Global Market Intelligence
Updated on Jun 27, 2022, 12:14 pm
Source valuewalk