United States
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Deutsche Bank has hired Richard Robinson, a Morgan Stanley banker of some 21 years, as a managing director and vice-chairman of its global industrials group in New York. -
Weil, Gotshal & Manges has hired a capital markets partner from Shearman & Sterling in New York.
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Chinese health insurance and healthcare crowdfunding platform Waterdrop has raised $360m after pricing its US IPO at the top of the marketed range.
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Green bonds took centre stage in the US corporate bond market this week, as issuance began to mount again after the recess for earnings blackouts. No less than three deals paired green and conventional tranches.
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The Financial Conduct Authority’s plan to look at helping US-style special purpose acquisition companies list in London smacks of short-termism. Even in the US, the epicentre of the Spac craze, there is a growing clamour for the Securities and Exchange Commission to toughen listing rules.
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Hong Kong-based Summit Healthcare Acquisition Corp has set the ball rolling for a Nasdaq IPO of about $200m.
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US corporate bond issuance slowed to a trickle this week, due to earnings blackouts, leaving the market with $52bn of deals to show for April, a far cry from last year's $234bn at the height of coronavirus safety fundraising.
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The pull of a big fee pool and global reallocation of capital and resources are prompting banks to rethink the way they serve clients in the technology sector on both sides of the Atlantic, writes David Rothnie.
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Chinese companies have raised equity in the US at a record pace this year. The deal flow has quashed fears that a hostile White House would dissuade China’s hordes of technology startups from listing on the New York Stock Exchange and Nasdaq.
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Senator Marco Rubio is the latest Republican in the US to launch an attack on what conservative voices have recently dubbed “woke capital,” apparently putting the GOP at odds with an investment world that has embraced ESG.
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South Africa's Investec has launched a proprietary secondary loan trading desk in New York, having recruited a senior trader to lead it.
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Chinese health insurance and healthcare crowdfunding platform Waterdrop has kicked off pre-deal investor education for its US listing, according to a source close to the IPO.
