Blackstone Group is taking its single-family housing REIT Invitation Homes public at a time when other publicly held single-family vehicles trade at elevated valuations.
Loxo Oncology secured US$120m through an overnight stock sale on Wednesday, to the surprise of few who had witnessed the stock’s 20% run-up since December 16. The financing, its largest ever, followed positive clinical results last month and de-risks operations ahead of a pivotal year for the cancer therapeutics company.
Online travel group Trivago promises its customers “the ideal hotel at the best price”. Buyers on Trivago’s US$287m IPO last week received a similar deal.