Edition:
United States

Anthony Hughes

IPO aspirants prepare for SEC shutdown with early filings

Jan 22 2018

NEW YORK (IFR) - Several companies seeking to go public this week moved on last Friday to eliminate the risk of a U.S. government shutdown and its impact on the Securities and Exchange Commission's operations.

Sempra shares bounce on fundraising plans

Jan 03 2018

NEW YORK, Jan 3 (IFR) - Sempra Energy shares rose more than 2% on Wednesday after the natural gas utility revealed plans to raise up to US$4.6bn to fund its acquisition of Texas power distributor Oncor.

IPO of Snapchat company oversubscribed

Feb 24 2017

NEW YORK, Feb 24 (IFR) - Next week's planned US$3.2bn IPO of Snap Inc, maker of the popular Snapchat app, is already oversubscribed, market sources told IFR on Friday. (Reporting by Anthony Hughes Writing by Marc Carnegie; Editing by Paul Kilby)

MOVES-UBS snares Reece as exec vice chair

Feb 08 2017

NEW YORK, Feb 8 (IFR) - UBS has hired former Credit Suisse global ECM head Joe Reece as executive vice chairman of its investment bank as the Swiss bank looks to bolster its ranks of US dealmakers.

Hale gets nod as new Citigroup co-head of ECM

Nov 09 2016

NEW YORK, Nov 9 (IFR) - Citigroup has promoted Clayton Hale to co-head of ECM for the Americas region, according to an internal memo seen by IFR.

IPO market springs to life as eight deals launch

Apr 27 2015

NEW YORK (IFR) - The US initial public offering market sprang to life Monday with eight deals launched, adding to a calendar that could see as many as 14 companies go public in the next two weeks.

GM tightlipped on further Treasury share sale

May 02 2013

NEW YORK, May 2 (IFR) - General Motors management today largely skirted the issue of whether the US Treasury Department would soon sell its remaining 16.4% stake (241m shares) in the rescued automaker, but expectations remain high that a near-term sale of at least part of the stake via a block trade is likely.

US investment banks embrace riskier block trades

Feb 15 2013

Feb 15 (IFR) - Stable market conditions and intensifying competition among the ECM divisions of Wall Street banks have prompted a spate of secondary offerings structured as overnight "blocks" or capital-committed trades, a sometimes controversial but increasingly important trend that exposes banks to losses if they mis-price deals.

US investment banks embrace riskier block share trades

Feb 15 2013

Feb 15 (IFR) - US investment banks are increasingly embracing so-called block trades - direct purchases of large chunks of company shares for resale - which are seen by some as a risky and even controversial move in the wake of the financial crisis.

Pfizer's Zoetis wins strong response for $3.65bn debut bond sale

Jan 16 2013

NEW YORK, Jan 16 (IFR) - Pfizer unit Zoetis on Wednesday drew strong demand for its debut bond offering, a $3.65 billion four-part deal that attracted an order book of about $30 billion and allowed it to sharply tighten pricing from original guidance, according to market sources.

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