United States
-
Artisan Acquisition Corp, a blank cheque company backed by Hong Kong tycoon Adrian Cheng, has tapped global investors for a $300m Nasdaq IPO. -
Amazon grabbed headlines by pouncing opportunistically into the market and pricing an $18.5bn bond this week that included a record tight spread over Treasuries on a sustainability-labelled two year note, but the bigger story was inflation fears skewing the curve steeper.
-
In the film 'Annie Hall', Woody Allen recounts two diners’ experience at a restaurant. “One of them says: ‘Boy, the food at this place is really terrible.’ The other one says: ‘Yeah, I know; and such small portions.’”
-
A rotation out of technology stocks and concerns about market capacity have taken some of the steam out of a booming convertible bond market.
-
Asia-focused special purpose acquisition company Seven Islands has filed for a $300m Nasdaq listing.
-
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.
-
Chinese health insurance and healthcare crowdfunding platform Waterdrop has raised $360m after pricing its US IPO at the top of the marketed range.
-
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.
-
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.
-
Hong Kong-based Summit Healthcare Acquisition Corp has set the ball rolling for a Nasdaq IPO of about $200m.
-
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.
