高盛:美企2026年股票发行规模料创新高 但回购将形成强大对冲

格隆汇
Aug 10
根据高盛的数据,今年第二季度,美国企业通过首次公开募股(IPO)、后续增发、可转换证券以及SPAC等方式筹集了2520亿美元资金,超过2021年第一季度创下的2340亿美元季度纪录。其中,第二季度后续增发规模达到700亿美元;而截至7月,今年后续增发规模累计达到1050亿美元,为2021年以来同期最高水平。 不过,高盛策略师本·斯奈德指出,股权供应增加更多是回归正常水平,而不是形成威胁市场的发行热潮。尽管发行金额巨大,但斯奈德表示,相对于整个股票市场规模而言,目前股票发行量仍低于历史平均水平。此外,今年的发行活动高度集中。前三大IPO和后续增发项目占截至7月累计发行规模的近一半。

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