Saudi Press

Saudi Arabia and the world
Tuesday, Jul 15, 2025

U.S. companies and their backers seize on window to sell stock

U.S. companies and their backers seize on window to sell stock

Sales of shares in publicly listed U.S. companies had their strongest showing last week in more than a year, as companies and some of their shareholders, such as private equity firms, capitalized on the risk appetite of stock market investors.
Stock sales reached $4.97 billion in the United States last week, the highest tally since the second week in 2022, according to data provider Dealogic. Globally, stock sales reached $12.3 billion, the most in more than 30 weeks.

Investment bankers and lawyers say companies are seeing strong demand for their stock from investors who believe now is the time to place big bets on the market recovering in the wake of the Federal Reserve raising interest rates to fight inflation. It's a risky proposition, so companies and their backers are seizing on the opportunity for fear it may soon slip away.

"Equity markets have regained some momentum and volatility has decreased, driving animal spirits on the buy side," said Santiago Gilfond, co-head of Americas equity capital markets at Credit Suisse Group AG (CSGN.S). He added that the sellers of stock have moderated their valuation expectations, helping to lure buyers.

Last week saw 18 so-called secondary stock sales in the U.S., including a $1.7 billion divestment by utility company American Water Works Co Inc (AWK.N), the fifth largest U.S. stock sale since beginning of 2022.

In another notable transaction last week, Oreo cookie maker Mondelez International Inc (MDLZ.O) offloaded about a $1 billion stake in beverage firm Keurig Dr Pepper Inc(KDP.O) in an unregistered stock sale, according to a securities filing.

Private equity firms are getting a piece of the action. Blackstone Inc (BX.N) last week sold a roughly $270 million stake in dating app Bumble Inc (BMBL.O) along with about $220 million position in human resources benefits platform Alight Inc (ALIT.N), and this week, Providence Equity Partners sold a $333 million stake in software provider DoubleVerify Holdings Inc (DV.N).

The surge in activity has been welcomed by bankers and lawyers working on these offerings. Collectively they executed $72.5 billion worth of stock sales for public companies in 2022, the lowest level since 1996 and a 67% drop from 2021's deal bonanza, according to Dealogic data.

"Investors are willing to put money to work in a way that they weren't a year ago," said Michael Kaplan, a capital markets partner at law firm Davis Polk.

The next frontier for equity capital markets, bankers and lawyers say, are initial public offerings (IPOs), which have been subdued since Russia's invasion of Ukraine in February 2022. Unlike secondary stock sales, IPOs take at least a few days to market to investors, and several months to prepare, so companies can't be as nimble in pursuing them when the market becomes welcoming.

A busy week for initial public offerings in early February offered some hope to stock market hopefuls, but advisors remain cautious as stocks sold off in recent weeks.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
×