Sunday, 18 February 2018

Stephen Lacey' s stories

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  • 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.

  • Cactus robust in prickly IPO market

    Equities | 09 February 2018

    Cactus, a provider of wellhead and pressure control equipment, differentiated itself with a robust IPO that provided gains on Thursday’s debut even when the major indices tumbled.

  • TFI TAB Food flame-grilled on IPO attempt

    Equities | 09 February 2018

    TFI TAB Food Investments, the Turkish/Chinese Burger King franchisee, pulled its planned Nasdaq IPO rather than accept a discounted valuation.

  • US: Simply Good makes good on exit

    Equities | 09 February 2018

    The process of de-SPACing a special purpose acquisition company (SPAC) is as important as the initial funding of a SPAC.

  • UBS building in New York

    UBS restructures struggling ECM business in US

    Ticker | 07 February 2018

    UBS has restructured its US equity capital markets business with the goal of driving profitability, laying off six people in the process, sources familiar with the matter told IFR.

  • FTS International sizes up to US$350m IPO

    Equities | 02 February 2018

    Oilfield services companies are aggressively pumping the IPO market for new funding amid recovering oil prices.

  • The SEC is likely to introduce new rules to restrict the way high-speed trading firms operate

    IPO aspirants prepare for SEC shutdown with early filings

    Ticker | 22 January 2018

    Several companies seeking to go public this week moved Friday to eliminate the risk of a US government shutdown and its impact on the Securities and Exchange Commission’s ability to process their filings.

  • Argentina Flag

    Big year ahead for ECM in Argentina

    Top News | 19 January 2018

    This is shaping up as a banner year for equity capital markets in Argentina, where five companies going public in the first quarter are looking to raise a combined US$2.2bn.

  • Americold prepares for expansion

    Equities | 19 January 2018

    Americold Realty, the Ron Burkle-controlled cold-storage REIT, has no peer, at least not one that is public. Typically a lack of comps is a good thing, since it suggests a long runway for growth.

  • Biotechs cross over to public markets

    Equities | 19 January 2018

    A wave of biotech funding early in the new year is not surprising, given the tailwind provided by last week’s JP Morgan conference and associated marketing frenzy.

  • US: Keane Group, Nine Energy ride oil cycle

    Equities | 19 January 2018

    For investors looking at Keane Group, a Cerberus-backed oil fracker that went public a year ago, the company’s recent decision to expand its drilling fleet pointed to confidence in the sustainability of the current drilling cycle.

  • Cantor nabs Apthorpe for equity-linked build-up

    People & Markets | 12 January 2018

    Cantor Fitzgerald has hired Andrew Apthorpe from Royal Bank of Canada as global head of equity-linked origination as it builds up a relatively new business.

  • PE firms pump out oilfield services IPOs

    Equities | 12 January 2018

    US oilfield services companies are once again pumping the IPO market for funding amid recovering oil prices. Several saw their plans thwarted last year as oil retreated, which has led to a more cautious approach this time around.

  • Dole Food withdraws IPO plan

    Equities | 12 January 2018

    Packaged food company Dole Food has ended what many saw as a tenuous bid to go public for a third time.

  • Cantor Fitzgerald logo

    MOVES-Cantor names Apthorpe to build out EQL business

    Ticker | 08 January 2018

    Cantor Fitzgerald has appointed Andrew Apthorpe as global head of equity-linked origination, another high-profile hire as it builds out a relatively new business.

  • Spotify logo from company website

    Bankers eye Spotify's non-IPO warily

    Top News | 05 January 2018

    Confirmation that music streaming service Spotify has confidentially filed a 20F application for a direct listing on the New York Stock Exchange has triggered much discussion of the Swedish company’s decision to shun an initial public offering.

  • Liberty Oilfield reignites planned IPO

    Equities | 05 January 2018

    With oil reaching new highs, oilfield services companies are again pumping out cash.

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