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.
Fifth Street Asset Management, the manager of US$5.6bn in assets including two publicly traded business development companies, said it planned to withdraw its US$200m IPO after failing to price the deal late Tuesday.
Highlighting the resilience of MLP primary issuance in otherwise difficult market conditions, Shell Midstream Partners, the oil pipeline-owning partnership formed by Royal Dutch Shell, on Monday launched a US$787.5m IPO.
Boot Barn, the cowboy boot retailer controlled by Los Angeles-based buyout firm Freeman Spogli & Co, launched an US$80m IPO that will reduce debt incurred after the company paid a US$39.9m dividend to its owners in April.