Thursday, 14 December 2017

Anthony Hughes' s stories

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  • WideOpenWest fails to wow investors

    Equities | 26 May 2017

    Cable IPOs are rare. Those of so-called “cable overbuilders” or companies that build new cable infrastructure over the top of existing systems are rarer still. The lack of comps for this type of business was just one of the issues that plagued last week’s US$310m IPO of WideOpenWest.

  • Surging Shopify raises US$500.5m

    Equities | 19 May 2017

    A soaring share price accompanied by increased demand for the stock from institutional investors ensured ample support for fast-growing e-commerce platform Shopify’s US$500.5m all-primary stock sale last week.

  • Thermo Fisher preps for US$2bn stock sale

    Equities | 19 May 2017

    Laboratory products and services supplier Thermo Fisher Scientific revealed last week it would raise US$2bn of equity (plus US$2bn of debt) to help finance its US$5.2bn acquisition of contract drug maker and 2016 IPO Patheon. The fundraising continues the flow of healthcare M&A driving mega equity financings, fresh from Becton Dickinson’s US$4.5bn equity/equity-linked financing earlier this month.

  • Packer quits Macau venture for good

    Equities | 12 May 2017

    Australian billionaire James Packer completed a full retreat from his Macau casino last week. The casino is a joint venture with fellow scion Lawrence Ho.

  • Five Point moves up after cut-price IPO

    Ticker | 10 May 2017

    Investors proved reluctant to pay up for shares in coastal California property developer Five Point, which priced its IPO well below range to raise a less-than-expected US$294m late Tuesday.

  • Cloudera drifts higher after US$225m IPO

    Equities | 28 April 2017

    Intel-backed data software provider Cloudera overcame the stigma of a so-called “down round” IPO to price the deal above range and deliver a solid debut last Friday.

  • Carvana stalls on debut

    Equities | 28 April 2017

    Shares in used car e-commerce upstart Carvana stalled on its debut on Friday despite achieving solid midpoint pricing on its US$225m IPO.

  • Intel

    Intel takes a hit in Cloudera IPO

    Top News | 21 April 2017

    Chipmaker Intel plans to buy 10% of the shares in data management software firm Cloudera’s US$210m IPO to support the deal at a far lower valuation than the price paid when it took a strategic stake three years ago.

  • Carvana brings used cars to IPO market

    Equities | 21 April 2017

    Like its sportiest vehicles, used car e-commerce upstart Carvana moves fast.

  • Altice preps for US IPO

    Equities | 13 April 2017

    Cable TV flotations are a rare sight in the US IPO landscape, but investors could see at least two issues out of the industry in the coming months.