Longest US IPO drought comes to an end

Credit Suisse and Merrill Lynch priced an initial public offering Wednesday, ending the longest drought for US-listed IPOs despite the Dow Jones Industrial Average falling to a five-and-a-half year low and volatility increasing 16% during the investor roadshow.

Grand Canyon Education raised $126m (€100m) ending a 104-day drought in the IPO market for deals registered with the US Securities and Exchange Commission.

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How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line