Optimism is rising over the U.S. initial public offering market after a couple of years of significant decline. There were 128 U.S. initial public offerings in 2023, with a cash value of $22.6 billion, according to Ernst & Young. Although it was a slow year for IPOs compared with 2021, it was a step up … Read more
Good morning. Oil holds drop amid vague output cut plan by OPEC+, it was a strong month for US stocks and HPS Investment confidentially filed for IPO. Here’s what people are talking about. Oil steadied after tumbling on Thursday following an OPEC+ meeting that promised further output cuts but was hazy on the details. The … Read more
Here are top news of the week between 12-19 November that made headlines: Amazon is laying off hundreds of people in Alexa division Amazon.com Inc. is cutting hundreds of employees in the division responsible for its voice-activated Alexa assistant, according to a memo sent to employees on Friday. Daniel Rausch, an Amazon vice president who … Read more
Hi, it’s Giles Turner in London with the latest on Saudi Arabia’s global sporting ambitions. Elsewhere, Goldman’s new MD class shrinks and US Steel lines up site visits for suitors. Today’s top stories Cricket is one of those sports that, depending where you grew up, is either a bizarre, quaint game played by people in … Read more
Clearer messaging on central bank policy in the coming months will boost the market for initial public offerings in 2024 as confidence for companies and investors builds, according to Citigroup Inc.’s head of Australia and New Zealand. “We certainly see a pickup in IPO activity into next year,” Mark Woodruff, said in a Bloomberg TV … Read more
Companies looking to sell shares publicly for the first time face an extra obstacle now: the rising potential for US government shutdowns. The ouster of Congressman Kevin McCarthy as Speaker of the House has only increased the chances of the government shutting down as early as Nov. 17. Any such closure would leave the US … Read more
AI’s ‘Moneyball’ Approach to Beating Human Stock Pickers Bloomberg Source link
The UK Is Catching Up With the US on Buybacks Bloomberg Source link
Hi, it’s Crystal Tse in New York. Happy Friday. Today I’m bringing you highlights from an on-air chat my colleagues did with a top activism banker at Barclays. Plus we have an updates on sale efforts by Abcam and BlackBerry and two big IPO filings. Today’s top stories Jim Rossman, global head of shareholder activism … Read more
Instacart joined chip designer Arm Holdings Ltd. in moving ahead with an initial public offering, adding momentum to a return of high-profile listings. The largest US online grocery delivery company disclosed in its filing Friday with the US Securities and Exchange Commission that PepsiCo Inc. will buy $175 million in preferred convertible stock. The San … Read more