Cardano Blockchain Achieves 100% Decentralization – Community Now Controls All Block Production – Yahoo Finance

Cardano Blockchain Achieves 100% Decentralization – Community Now Controls All Block Production – Yahoo Finance

Bloomberg

Record-Setting $49 Billion Asia IPO Boom Is Likely to Taper Off

(Bloomberg) — As in the U.S., initial public offering activity out of Asia has had its strongest-ever start to a year. That frenzy for new shares is likely to taper off as demand falls back to earth in the next few months.Asian companies, like their global peers, notched their best first quarter for listings ever, thanks to a flood of liquidity during the pandemic, super-low interest rates, and rallying stock markets. The firms raised $49.3 billion through first-time share sales at home and abroad — a 154% jump over the same period in 2020, data compiled by Bloomberg show.IPOs globally raised an unprecedented $215 billion, with almost half of that haul coming from the record wave of issuance by special-purpose acquisition companies in the U.S.Now, a global rotation out of highly-valued tech and health-care stocks that have dominated market activity, as well as fading excitement around SPACs in the U.S., is clouding the outlook for new deals.“Inevitably, there is a mark to market of comparable valuations,” said William Smiley, co-head of equity capital markets at Goldman Sachs Group Inc. in Asia ex-Japan. “In terms of our pipeline, there hasn’t been any significant impact from the recent rotation, but opportunistic issuance may have decelerated.”Asia’s IPO space faces an added challenge:
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