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Monday, 26 February 2018

Anthony Hughes' s stories

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  • Blocks crushed as investors push back

    Equities | 11 August 2017

    A nearly US$3bn wave of sponsor block trades this past week left both banks and investors nursing losses as almost every deal traded below its offering price.

  • Huntsman collects US$454m from Venator IPO

    Equities | 04 August 2017

    Chemical maker Huntsman has taken a first step towards shedding its highly cyclical titanium dioxide business, overcoming price sensitivity to price a US$454m NYSE IPO of its Venator Materials unit at the bottom end of the marketing range.

  • Sponsor takes big discount on Ichor add-on

    Equities | 04 August 2017

    Private equity firm Francisco Partners was forced to take a hefty file-to-offer discount on a US$106.3m sell-down of its stake in semiconductor equipment maker Ichor, despite taking advantage of new issuer-friendly rules that allow confidential filing of certain secondary offerings.

  • A woman cycles past the logo of U.S. chemical company Huntsman

    TiO2 prices spur Venator IPO

    Top News | 28 July 2017

    Chemicals maker Huntsman is hoping a recent sharp recovery in the price of titanium dioxide and the prospect of further gains will resonate with investors as it seeks to price the US$500m NYSE IPO of its pigments arm, Venator Materials.

  • Redfin glides through IPO waters

    Equities | 28 July 2017

    Online real estate broker Redfin restored market enthusiasm for IPOs styled as unicorns and disruptors by delivering a strong debut on Friday.

  • Floor & Decor Holdings CEO Taylor looks on as traders and bankers set a price for his company's opening...

    Floor & Decor add-on exploits new SEC rules

    Top News | 21 July 2017

    Floor & Decor, the best-performing US IPO of 2017, became the first company to take advantage of new SEC rules allowing recent IPOs to file confidentially for follow-on stock sales, in an early sign that capital markets are embracing the securities regulator’s push to spur new issues.

  • Crown Castle secures US$5bn for Lightower purchase

    Structured Equity | 21 July 2017

    Telecoms infrastructure REIT Crown Castle International moved to derisk its US$7.1bn acquisition of privately held fibre provider Lightower by funding the bulk of the deal with a dual-tranche US$5bn equity/equity-linked financing.

  • M&A delays ECM summer slowdown

    Equities | 21 July 2017

    US equity capital markets capped off an auspicious week as several strong debuts and large follow-ons buoyed the mood of syndicate desks.

  • Redfin brings latest 'disruptor' IPO

    Equities | 21 July 2017

    Online real estate broker Redfin may have its work cut out to ensure its US$129.2m IPO avoids the early pain of other disruptor/unicorn IPOs, though it could hardly fare worse than meal kit operator Blue Apron last month.

  • YogaWorks puts investors in tough position

    Equities | 14 July 2017

    As a consolidator of yoga studios, YogaWorks offers IPO investors something different from the bulk of new issues they have seen in recent years. But with an uneven set of financials and the poor performance of growth IPOs of late, the deal might prove too much of a stretch for some.