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.
When your stock price trades at a double-digit multiple of revenues and is billed as potentially the next Amazon, raising equity is not a tall order. That does not mean finding the right price is easy, particularly in current market conditions.
One of the more curious tech disruptor stocks to come onto traders’ radars in recent months is MoviePass backer Helios and Matheson Analytics, which last week raised US$105m from an overnight best-efforts sale of stock and warrants.
A rush of large IPOs means US ECM bankers are set to mark down January as the busiest start to a year on record for new listings.