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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Akamai Technologies raised US$1.15bn from the sale of eight-year convertible bond priced at a historic low coupon, another indication of the current favourable funding backdrop for quality CB issuers.
Lightspeed POS, a Canadian fintech that went public in March, opted against raising primary capital after its shares wilted ahead of a downsized C$189m (US$142m) first-time follow-on offering.
SPAC banking veteran Neil Shah has signed on at boutique Evercore to lead the bank’s permanent capital business globally, including SPACs.