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.
Application technology and big data company Apigee made a solid debut on Friday after raising US$87m in equity but wasn’t able to repeat the huge gains that investors have enjoyed on many high-growth software IPOs in recent years.
The private equity sponsor syndicate behind consumer research and TV ratings firm Nielsen Holdings on Thursday took another step towards fully monetising a nearly nine-year investment in the company by selling a US$900m stake via an overnight block.
Existing backers of application technology and big data company Apigee have stepped up to buy as much as one-third of its US$92m initial public offering, a bullish sign ahead of pricing post-close today.