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.
Investors refused to pay up for the US$365m Apollo Global Management was asking for specialty chemicals maker Momentive Performance Materials (MPM), prompting the private equity firm and its co-investors to withdraw the deal just ahead of pricing.
Software companies SailPoint Technologies and SendGrid proved the week’s most popular IPOs, drawing strong demand while other deals were left on the shelf.
Telecommunications company Bandwidth made a steady Nasdaq debut on Friday after earlier overcoming price sensitivity to price its US$80m IPO at the bottom end of the marketing range.