Tuesday, 24 October 2017

Anthony Hughes' s stories

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  • Trade Desk revives ad tech theme

    Equities | 24 February 2017

    Trade Desk, the ad-buying platform whose stock price has doubled since its September IPO, has so far defied the market’s long-held aversion to advertising technology companies.

  • IPO of Snapchat company oversubscribed

    Top News | 24 February 2017

    Next week’s planned US$3.2bn IPO of Snap Inc, maker of the popular Snapchat app, is oversubscribed, market sources told IFR on Friday.

  • Corvex slices Yum stake in US$800m trade

    Ticker | 22 February 2017

    Keith Meister’s activist hedge fund Corvex Management sold more than half its stake in restaurant group Yum Brands in a nearly US$800m unregistered block trade overnight Tuesday, market sources told IFR.

  • The Alcoa Aluminium plant in Alcoa, Tennessee

    Arconic chops Alcoa stake via jumbo block

    Top News | 17 February 2017

    Arconic sold a US$893.1m stake in aluminium producer Alcoa via one of the largest unregistered block trades of recent years, capitalising on the latter’s share price surge since last year’s separation of the two companies.

  • Snapchat

    Snap faces sceptics as roadshow begins

    Top News | 17 February 2017

    Snap is hoping its raw growth, monetisation potential and the vision of founder Evan Spiegel will overcome a long list of investor concerns as it seeks to price one of the most aggressively positioned high-profile IPOs in recent memory.

  • Bermuda's Butterfield preps for ECM return

    Equities | 17 February 2017

    Carlyle, the Wellcome Trust and Rosebowl Western are likely to sell some of their holdings in a forthcoming first follow-on from Bermuda’s Bank of NT Butterfield & Son.

  • US ECM snaps to attention

    Equities | 17 February 2017

    With the bulk of earnings out of the way and the IPO pipeline rebuilding, US equity capital markets look destined for some busy weeks ahead.

  • TransUnion sell-down takes unusual twist

    Equities | 17 February 2017

    The sponsors behind credit bureau TransUnion wasted no time capitalising on the stock’s post-earnings surge last week, pricing a US$732.5m block trade.

  • Arconic sheds US$900m Alcoa stake

    Ticker | 15 February 2017

    Arconic has sold nearly two-thirds of its 19.9% stake in separated upstream aluminum unit Alcoa via a nearly US$900m overnight block trade, multiple market sources confirmed to IFR.

  • NYSE trader

    Mauser's US$2.3bn sale sinks IPO plan

    Top News | 10 February 2017

    Another US IPO fell by the wayside last week when private equity firm Clayton Dubilier & Rice sold German packaging company Mauser two days before its expected NYSE debut.