Home' Trinidad and Tobago Guardian : January 1st 2016 Contents A18
Guardian www.guardian.co.tt Friday, January 1, 2016
NEW YORK---The volatile trading that
defined 2015 led to a very choppy market
for companies wanting to go public this
The number of US companies that suc-
cessfully made an initial public offering in
2015 dropped by more than 40 per cent
compared with a year ago, according to a
report by IPO research firm Renaissance
Capital. The money raised was considerably
lower as well; from $85.3 billion last year,
to $30 billion in 2015. That signalled signif-
icantly reduced ambitions from companies
as they hit the market, and some fear on
the part of investors.
Market analysts pointed particularly to
volatility in the second half of the year. The
August downturn and a US market correction
in September convinced a lot of companies
to put their public plans on hold, Renaissance
"For the first eight months of the year,
the IPO market was on target to reach over
200 IPOs with solid returns, but went into
a tailspin in August and September that
wiped out positive performance, drove
abnormally high IPO discounts and brought
issuance to a near halt by year-end," the
firm said in its report.
IPO activity stalled not only in the US,
but around the world. The amount of money
raised in IPOs globally was $156.2 billion,
down 35 per cent from a year earlier. Asia
was still a significant driver, even with the
problems in Chinese stock market. That was
due largely, however, to the combination of
IPOs done by Japan Post for its bank, insur-
ance and holding companies. That combi-
nation IPO raised $12 billion.
The industry that had the largest number
of IPOs was health care, followed by energy.
Technology IPO activity dropped consider-
ably in 2015, with only 23 companies raising
$4.2 billion, compared with 55 companies
raising $32.3 billion in 2014.
Even mega-IPOs that tend to generate
investor and media interest evaporated this
The largest IPO of 2015 was First Data,
which raised $2.56 billion. But even that was
a struggle and it had to be dialed back. It
was an especially paltry showing when you
consider that the previous year, Chinese
online shopping portal Alibaba held an IPO
and raised an eye-popping $22.03 billion.
In a separate report, investment banking
research firm Dealogic showed that the bank
that led this year s IPO market was JPMorgan
Chase, followed by Goldman Sachs and Mor-
gan Stanley. (AP)
Market volatility causes IPO market to stall out in 2015
NEW YORK---If you aren t looking for a rockin
New Year s Eve or forced small talk between tel-
evision hosts, an online service is offering a way
to experience the beginning of 2016 as it happens
all over the world.
New Year s Eve is usually the year s most popular
day at earthcam.com, a 20-year-old service that
shows live camera views from hundreds of land-
marks. The hourly celebrations began at 11 am EST
with beach fireworks on the Philippine island of
Boracay and continue until the last stroke of mid-
night in Kauai, Hawaii, five hours behind Times
The celebrations are offered without fanfare, or
"We do get comments people that they appreciate
that this is a clean feed," said Lisa Kelly, strategic
sales director at EarthCam. "It s not edited---it s
real life happening."
In its infancy two decades ago, EarthCam installed
cameras at various vantage points overlooking New
York s Times Square. At the time, the very idea
seemed inexplicable---cameras showing live feeds
over the Internet?
Times Square is still the service s most-watched
camera view, even with many more vantage points
The New Jersey-based company offers separate
services. At earthcam.com, users can choose their
own camera views, to see the Eiffel Tower bathed
in afternoon sunlight, early evening bustle in Moscow
or pedestrians in front of Dublin s Temple Bar.
Earthcamtv.com is a curated site, where producers
choose the different vantage points for look-ins---
a beach in the Caribbean, Niagara Falls or animals
frolicking in a zoo. Separately, the company maintains
cameras overlooking construction sites all over the
world for people to check the progress of work.
EarthCam installs and maintains the cameras in
return for the locations; it s great advertising for
people to see the waves constantly rolling in at a
hotel on a tropical beach, for example.
While nothing matches New Year s, EarthCam
gets usage bumps for its views of New Orleans at
Mardi Gras or Dublin on St Patrick s Day, Kelly said.
Earthcam is offered on Apple TV and also as an
app for people who are on the go on New Year s
That day, EarthCam s cameras will show what s
happening in Budapest, Amsterdam, Rio de Janeiro,
Dubai, Chicago, Seattle and San Francisco. Views
of Abbey Road in London, Rick s Cafe in Jamaica,
Bourbon Street in New Orleans and Hollywood
Boulevard in Los Angeles are also offered. Some 50
locations in all will be featured.
Kelly s personal favorite is the over-the-top cel-
ebration in Transylvania, Romania, which can be
seen at 5 pm EST in the United States.
"It s on my bucket list to go there for New Year s,"
she said. "They know how to do it right." (AP)
New Year's views
all over world
Links Archive December 31st 2015 January 2nd 2016 Navigation Previous Page Next Page