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.
Three more IPOs, including what is set to be the biggest new issue in 16 months, on Monday joined the queue of listings expected to price in the next few weeks.
Investors may have some extra homework to do as they consider higher education provider Laureate Education’s long-awaited US$580m IPO.
In 2016, investors pushed back against the high leverage of some private equity sponsor-backed IPOs, prompting bankers to advise companies to keep debt below a four times Ebitda threshold if they wanted to get deals done.