Six newly public companies including Facebook Inc. will probably join the Russell 1000 Index amid the smallest annual shift in the gauge of large U.S. companies since at least 2004, according to Credit Suisse Group AG.
Le Gaga Holdings Ltd. , the Hong Kong-based greenhouse vegetable producer, raised $103 million in an initial public offering, as Asian companies led the busiest month for U.S. IPOs in almost three years.
The combined market value of U.S. exchange-traded funds surpassed $1 trillion for the first time in 2010, while ETFs investing in emerging markets and bonds receiving the most new money, Birinyi Associates Inc. said.
Canceling trades in stocks that fell 60 percent during last week’s plunge reflected a policy to erase pricing “errors,” said Eric Noll , executive vice president for transaction services at Nasdaq OMX Group Inc.
U.S. stocks fell for the third time this week as Cisco Systems Inc. said profit will miss analyst estimates, while the euro weakened and Irish bonds slid amid concern indebted European nations may need bailouts. London copper touched a record as China’s industrial production grew.
KKR & Co. and Bain Capital LLC, which earned billions of dollars buying and selling companies, are facing a 25 percent discount in the initial public offering of NXP Semiconductors NV after three years of losses.