Sunday, 17 June 2018

Anthony Hughes' s stories

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  • Dropbox logo

    'Strong demand' for Dropbox IPO

    Top News | 16 March 2018

    Dropbox is set to price its widely-expected US$648m Nasdaq IPO this week, buoyed by a surge in tech valuations this year and a US$100m investment from Salesforce.

  • Zscaler blowout recalls software golden days

    Equities | 16 March 2018

    Network security firm Zscaler injected some 2014-style euphoria into the US tech new-issue market, materially upping the size of its IPO to US$192m amid heavy demand and then surging 72% on debut on Friday.

  • Nasdaq logo

    Bridgewater shines on Nasdaq debut

    Ticker | 14 March 2018

    Bridgewater Bancshares made a solid debut on the Nasdaq on Wednesday, opening up almost 8% after it raised US$78.7m from its IPO.

  • Zscaler IPO headed for strong outcome

    Ticker | 13 March 2018

    Network security firm Zscaler responded to heavy investor demand for its IPO by upping the price range and the number of shares being sold to increase potential proceeds by 50% to US$180m.

  • Dropbox logo

    Salesforce investment buoys Dropbox IPO

    Ticker | 12 March 2018

    A US$100m investment from software company Salesforce has given a late boost to the up to US$750m IPO of cloud storage “unicorn” Dropbox, potentially the biggest US tech new issue since Snap last year.

  • Zscaler heads tech IPO revival

    Equities | 09 March 2018

    Network security platform provider Zscaler is hoping its impressive 50%-plus revenue growth will help it avoid the “down round” issue that has plagued other tech IPOs in recent years.

  • ADIA's US$511.2m sale helps clear most of Athene overhang

    Equities | 09 March 2018

    Shares of Apollo-backed annuities provider Athene surged on Wednesday in the wake of a US$511.2m block trade that helped reduce a large overhang that has weighed on the stock since its late 2016 IPO.

  • Duke raises US$1.4bn to firm up balance sheet

    Equities | 09 March 2018

    Duke Energy became the first in a likely wave of US utilities sector stock sales this year, pricing a US$1.4bn primary block trade that will help ease balance sheet pressures due to US corporate tax reform.

  • TransUnion logo

    Goldman completes epic TransUnion sell-down

    Ticker | 06 March 2018

    Goldman Sachs’ private equity funds sold their remaining 10.8% stake in credit bureau TransUnion in a US$1.15bn block trade overnight Monday, completing a sell-down that has netted Goldman and co-sponsor Advent International nearly US$6bn since the company’s mid-2015 IPO.

  • GM logo

    Rare GM sale raises US$1.6bn for union trust

    Top News | 02 March 2018

    The UAW Retiree Medical Benefits Trust sold nearly US$1.6bn of shares in General Motors on Tuesday in the biggest US block trade of the year so far.