IPOs

AI Excitement Seen Jumpstarting Sleepy IPO Market — Just Not Yet

So far this year, U.S.-listed firms have raised $10 billion through IPOs, down 94 percent from the same span in 2021 and nearly half of this point last year.

May 30, 2023

Financial services

Deutsche Bank on M&A Hiring Spree as Deal Drought Lowers Costs

The bank last month agreed to buy Numis Corp., even as it revealed plans to cut 800 senior back-office workers to reduce costs.

May 30, 2023

Financial services

Citi Sees Companies Racing to Raise Cash as Debt Ceiling Nears

While the volume of U.S. secondary offerings this year has reached $9.7 billion, it’s still way below a pre-pandemic level of almost $29 billion.

May 11, 2023

SPACs

Blank-Check Pioneer Martin E. Franklin Launches London IPO

Franklin is pressing ahead with the listing even after the bubble in SPACs companies burst in the U.S., with many of the vehicles shutting down for a lack of targets.

May 11, 2023

Financial services

Billionaire Peter Thiel-Backed SPAC Reportedly Nears Merger with Hyphen

A deal could value the combined entity at a few hundred million dollars and include a private investment in public equity anchored by institutional investors.

May 3, 2023