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Friday, 27 April 2018

Stephen Lacey' s stories

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  • A Bombardier plant in Montreal

    Bombardier douses cash flow burn with US$495m stock sale

    Ticker | 06 March 2018

    Bombardier reloaded its balance sheet with C$638.4m (US$495m) of equity overnight Monday as the iconic Canadian aircraft and train maker looks to aid its turnaround.

  • Ares Capital logo

    Ares goes public again as C-Corp

    Ticker | 06 March 2018

    Alternative asset manager Ares Management is making quick hay of its conversion from a publicly traded limited partnership to a tax-paying C-Corp with a circa US$375m stock sale comprised of both primary and secondary shares.

  • Spotify logo from company website

    Spotify flies to public markets without a net

    Top News | 02 March 2018

    Spotify Technology continued its quixotic voyage to the public markets by filing its registration with the SEC on Wednesday, starting the clock ticking on its direct NYSE listing.

  • Spotify logo from company website

    Spotify rocks convention with direct listing

    Ticker | 01 March 2018

    Spotify Technology kicked off its quixotic voyage to the public markets by filing its registration statement Wednesday afternoon with US regulators to facilitate a direct NYSE listing.

  • RingCentral gets bullish response to US$350m CB

    Ticker | 28 February 2018

    RingCentral, a communications software provider, on Wednesday launched marketing of a US$350m five-year convertible bond, continuing a trend of fast-growing software companies seeking to cash in on strong investor demand.

  • Rite Aid sign

    Albertsons to list through Rite Aid merger

    Top News | 23 February 2018

    US grocery giant Albertsons moved a step closer to finally securing a listing by agreeing to merge with publicly traded drug store chain Rite Aid in a US$22.5bn tie-up of troubled retailers.

  • Crescent Capital innovates with US$250m SPAC

    Equities | 16 February 2018

    Special purpose acquisition companies (SPACs) are ripe for potential conflicts of interest that are often embedded in the structural nuances of what is a highly engineered product.

  • banks

    Lion Capital SPAC sweetens US$200m IPO

    Ticker | 13 February 2018

    Even special purpose acquisition companies, so-called SPACs that guarantee investors their money back in the worst-case scenarios, are being forced to lower their sights in the current volatile market environment.

  • UBS restructures US ECM

    People & Markets | 09 February 2018

    UBS has laid off six people as part of a restructuring of its US equity capital markets business, with the goal of improving profitability, people familiar with the matter told IFR.

  • A screen displays the Dow Jones Industrial Average after the closing bell on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., February 8, 2018.

    ECM stays calm amid the storm

    Top News | 09 February 2018

    The sharp drop in equity markets globally and an extraordinary spike in volatility has failed to shake ECM bankers and investors. While equities investors have suffered sharp paper losses, there has been no drop in engagement - even on IPOs.