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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Tencent Music Entertainment’s somewhat muted debut last week left investors with a positive mark heading into year-end, continuing a run of major Chinese listings that have struck a chord with US buyers.
Seemingly fading hopes for a General Electric turnaround found support from an unexpected source when JP Morgan analyst Stephen Tusa upgraded the stock last Thursday and suggested a US$25bn equity raising.
HCP, nearing the end of a painful transition from hospital operation towards life sciences, secured US$433.5m through a stock sale this past week to fund planned expansion in the new year.