Anthony Hughes is senior reporter, equities, for IFR where he covers developments in US equity capital markets. He previously worked as a financial reporter and columnist for the Australian Financial Review and, prior to that, as investment editor at the Sydney Morning Herald.
Data centre REITs Equinix and QTS Realty both opted to strengthen their balance sheets and pre-fund their 2019 capex needs with large stock sales during the week, just the latest round of financing efforts by the fast-growing sector.
General Electric’s blockbuster US$21.4bn sale of its biopharma unit has dramatically eased market fears about the struggling conglomerate’s solvency and leverage levels and provided some breathing space for the company as it prepares to offload a host of other assets.
Ride-sharing company Lyft set the US new issue market alight on Friday by publicly filing for its highly-anticipated Nasdaq IPO, increasing the likelihood it will raise capital and make it to public markets ahead of arch-rival Uber.