North America
-
As Uber prepares to ride a wave of hype to a valuation that could be $100bn at IPO, potential buyers should make sure they're not relying on market momentum alone to carry these loss-making juggernauts higher. -
Royal Bank of Canada said on Tuesday that it was looking at the euro market for its first green senior unsecured bonds, at a time when issuers seem to be more in control of pricing than investors.
-
Chinese plastic surgery online social network So-Young International has commenced its Nasdaq IPO of up to $179.4m.
-
JP Morgan has appointed Jennifer Piepszak as its chief financial officer, replacing Marianne Lake, who will now run consumer lending.
-
Santander’s S3 business is set to join up with Crédit Agricole’s CACEIS, as the two banks look to merge their custody and asset servicing operations, a growing area of revenue for banks.
-
Chinese company Hollysys Automation Technologies withdrew its planned follow-on share offering on Wednesday.
-
Investment banking activity suffered a sluggish start to the year at the top US names, particularly in equity underwriting, but conditions brightened as winter turned to spring.
-
US banks tapped the market this week on the back of a strong earnings season, exploiting favourable market conditions going into the Easter holiday weekend.
-
High grade dollar bond issuance in the US slowed to a trickle this week ahead of the Easter holiday weekend, even though companies are beginning to emerge from earnings blackouts.
-
The Province of Ontario’s three year dollar benchmark this week sparked criticism from onlooking bankers after the spread was set a day before pricing. However, a head of SSA DCM at one of the leads replied that it was the “honourable” thing to do after the deal received more demand than expected.
-
Former senior executives at the World Bank have warned incoming president David Malpass that he must use his first 100 days to make clear to staff he is prepared to distance himself from the agenda of Donald Trump.
-
Wells Fargo attracted plenty of interest in a new five year senior bond in euros on Wednesday and was able to squeeze all of the new issue premium out of the transaction, its first in euros for two years.
