Walmart, TD Deals Boost US Share Sale Volume to Highest Since May
- Sales of new and existing shares in August reach $13.1 billion
- Election compresses window, Sept. likely busy: MS’s Blanchard
This article is for subscribers only.
Walmart Inc.’s $3.6 billion exit from China’s JD.com Inc. helped make August the busiest month since May for US sales of new and existing shares in already-public companies.
More than $13 billion worth of shares changed hands through Aug. 28, excluding initial public offerings, according to data compiled Bloomberg. In addition to Walmart selling its entire stake in its Chinese e-commerce partner, Toronto-Dominion Bank sold a block of Charles Schwab Corp. shares to raise $2.5 billion and a Cava Group Inc. shareholder divested shares for about $702 million.