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.
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
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)
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
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.
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.
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.
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.
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
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.