Stephen Lacey is US Editor for International Financing Review, helping to oversee editorial content across the region. He has particular expertise in coverage of the equity capital markets – IPOs, follow-on stock sales, and equity-linked securities – spanning the entire corporate life cycle, from venture and private equity to entry and maturation in the public markets.
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Amid cost overruns, Canadian miner secures US$150m overnight
Despite a cost of US$1.4bn-plus a pop, floating liquefied natural gas vessels hold the potential to further commoditise the transport of natural gas globally. The vessels – essentially ships that produce, liquefy and transfer LNG – are cheaper than land-based facilities and carry less environmental and political baggage.
Tequila maker Jose Cuervo had no problem closing its landmark IPO last week, attracting investors from around the world to a Mexican stock listing that achieved high-end pricing.