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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Blackstone Group continues to make efficient use of capital markets through block sell-downs of publicly traded portfolio companies. The alternative asset manager holds so much sway in fact that investors are beginning to go directly through the firm to source product, rather than making requests indirectly.
Parse through second-quarter results of oilfield services companies and there is a strange sense of optimism. Yes, current operating conditions are indeed bad, but there are signs of budding recovery.
Medical device IPOs are rarely an easy sale. Competition from large incumbents and the costs of scaling the business lead to inevitable investor scrutiny.