Stephen Lacey is US Editor for International Financing Review, helping to oversee editorial content across the region. He has particular expertise in coverage of the equity capital markets – IPOs, follow-on stock sales, and equity-linked securities – spanning the entire corporate life cycle, from venture and private equity to entry and maturation in the public markets.
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After settling decade-long litigation and making friendly with an activist shareholder, Akamai Technologies continued recent success with a US$1bn seven-year convertible bond that is among the lowest-cost financings ever.
Things are humming along for Alteryx, the machine-learning analytics provider that went public a little over a year ago. From its IPO in March, to a secondary sell-down in September, the company has thrashed investor expectations on a quarterly basis.
Twilio’s communications service is embedded in Uber, Whatsapp and other ubiquitous mobile apps, enabling the company to build its cash pile last week via a US$475m convertible bond paying a coupon of just 0.25%.