United States

GlobalCapital is delighted to announce the nominees for this year’s Americas Derivatives awards.

Phoenix Tree Holdings, a Chinese co-living platform, has started taking orders for its up to $175m IPO on the New York Stock Exchange.

RBC Capital Markets has continued the development of its leveraged finance business by hiring Craig Campbell from HSBC.

UBS is ramping up collaboration between its investment bank and its wealth management unit, as it seeks to find more revenue opportunities from its client base of wealthy individuals and family offices.

Equity investors were hopeful that the tension between the US and Iran will lessen after the latter responded to the former's assassination of its military commander Qasem Soleimani with a limited tactical strike against US bases in the Middle East.

Luckin Coffee, China’s answer to Starbucks, has launched a combined follow-on offering and convertible bond issue to raise up to $821m.

The noise about how capitalism is changing to a system in which social purpose is restored to the centre of companies' and investors' aims is now deafening. But look below the surface and the actual governance record of many companies and investors is dreadful. Most shareholders are too supine even to defend their own rights.

Equity market participants were stunned last Friday after the US assassinated Iranian general Qasem Soleimani. It followed what had been a strong end to 2019 in the market with many hopeful the momentum would carry into this year. But banks and investors need to be prepared for shocks, especially as domestic pressure on US president Donald Trump increases in the run up to November's election.

I-Mab, a China-based biopharmaceutical company, has kicked off the roadshow for its up to $111.1m Nasdaq IPO, more than two months after filing draft documents with the US regulator.

US equity-linked bankers will be toasting another spectacular year, the strongest for new convertible issuance since 2008, as surging stocks fuelled an issuance boom.

Canadian financial institutions could be heavy users of the dollar bond market in 2020, though supply from high-grade bank and finance borrowers is otherwise expected to fall again, as firms enjoy comfortable capital and debt buffers.

In this round-up, Chinese president Xi Jinping headed to Macau for the 20th anniversary of the handover, the National People’s Congress will hold a fourth reading of the Securities Law next week and the People’s Bank of China (PBoC) has lowered the 14-day reverse repo rate.