Software industry becomes an ‘easy trade’ during the pandemic

Aidan Gregory

August 18, 2020 11:00 AM

Software_NYSE_PA_575_375 — (200318) -- NEW YORK, March 18, 2020 (Xinhua) -- A trader stands under screens at the New York Stock Exchange (NYSE) in New York, the United States, March 17, 2020. U.S. stocks rebounded on Tuesday, following a historic drop in the previous session, amid hopes for further stimulus measures to counter the coronavirus impact. The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 percent, to 21,237.38. The S&P 500 increased 143.06 points, or 6.00 percent, to 2,529.19. The Nasdaq Composite Index rose 430.19 points, or 6.23 percent, to 7,334.78. (Photo by Michael Nagle/Xinhua) | Wang Yingtonglian/Xinhua News Agency/PA Images

Envestnet Inc, the US provider of software to the wealth management industry, has raised $450m via the sale of a new convertible bond, joining the horde of software companies that have tapped the equity-linked market during the pandemic.

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Topics

Health and Biotech Equity United States Americas North America SRI Equity-Linked

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Aidan Gregory