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The list of initial public offerings (IPOs) completed last week includes two “blank check” companies. These entities typically raise a pool of capital to acquire a yet-to-be determined business or group of businesses, often within a specified industry.
The Department of Labor issued its jobs report for December today, noting that employers added 148,000 non-farm jobs last month, but the unemployment rate stagnated at 4.1%. Employment gains were largely in healthcare, construction, and manufacturing.
Total construction spending increased 0.8% from October to November, reaching $1.257 trillion, according to the Commerce Department. The record high was driven by investment in private residential and non-residential projects, as total private construction increased from the prior month by 1.0%.
 As the overall economy grew for the 103rd consecutive month, US manufacturing expanded at the fastest pace in three months. The 2017 average of the survey-based index was 57.6 – the best in 13 years.
Major economic news announcements during the month of December 2017 included:
Notable mergers and acquisition (M&A) announcements during December 2017 included:
Notable initial public offerings (IPOs) during the month of December 2017 included:
 Most major indices for the US stock market closed higher in December, with the Dow up 3.3%, the S&P 500 up 1.8%, the NASDAQ up 1.2%. The Russell 2000 closed December down 0.4%. Markets performed considerably well in 2017, with all of the aforementioned indices increasing in excess of 10% and with the NASDAQ performing the best with an increase of over 28% for the year.
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Skyline Advisors is a division of Ideation Ventures, Inc. Services involving securities are offered through M&A Securities Group, Inc.4151 N Mulberry Drive Suite 252, Kansas City, MO, 64116 (“MAS") . Services involving real estate brokerage are offered through Berkshire Hathaway HomeServices Ambassador Real Estate ("BHHS"). Skyline, MAS, and BHHS are separate entities.
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