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.
Ride-sharing service Lyft could beat its arch-rival Uber Technologies to a listing, having revealed it has filed confidentially with the US Securities and Exchange Commission for what will be one of the first large “unicorn” IPOs of 2019.
Private equity firms rushed to take advantage of the final US ECM window of the year and a better week for stocks by bringing more than US$3bn of sell-downs of their public holdings in the past week, led by Apollo Global Management and Genting’s US$962.7m sale of their remaining position in Norwegian Cruise Line overnight on Wednesday.
A share price slump during marketing meant Californian water utility SJW had to be content to raise a less than expected US$371.3m from a previously flagged stock offering last week.