Corporate Funding
- Tech
MicroStrategy Won’t Change Bitcoin Plans Despite Recent Declines, New CFO Says
MicroStrategy Inc.’s new chief financial officer on Wednesday said its strategy to buy and hold bitcoin long term won’t change…
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Fund manager M&A frenzy spills into first quarter as global deals reach $18bn
The wave of fund manager M&A that drove global deal numbers to a record high last year has run into 2022, with the…
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Lordstown Motors’ Ability to Stay in Business Hinges on Raising Capital, Valuation, CFO Says
Lordstown Motors Corp.’s ability to stay in business for at least another year remains in doubt until it secures more…
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Instacart Files Confidentially for IPO
Instacart’s long-awaited filing comes as competition increases and consumer habits shift. Photo: Michael Loccisano/Getty Images Instacart Inc. said it filed…
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Beyond Meat’s stock slides 26% on weak sales, heads lower than IPO price for first time
Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The…
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Apollo pushes into funds for wealthy investors
Apollo Global Management said it will release a slate of funds designed for individual investors, making it the latest alternative-asset…
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Numis plans more banker hires equity fundraising slumps by 61%
City investment bank Numis is set to hire more investment bankers as it expands away from its traditional role on…
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Binance pledges $500m as Elon Musk gets $7bn in fresh funding for Twitter takeover
The world’s largest cryptocurrency exchange, Binance, has committed $500m in financing to help Elon Musk buy Twitter. The firm is…
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Western Digital stock shoots toward best day in two years after activist pushes for business split
Shares of Western Digital Corp. were rocketing in Tuesday trading after Elliott Investment Management issued a call for the chip…
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Carlyle grows assets but misses earnings forecast
Carlyle’s assets under management rose to $325bn by the end of March, but the firm reported weaker-than-expected results for the…
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Apple earnings beat as sales hit a record, stock gains with billions being sent back to investors
Amid a supply crunch and geopolitical unrest, Apple Inc. topped earnings expectations and set a new record for March-quarter revenue.…
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Alphabet sales and earnings fall just short of estimates, stock dips
Largely defying a macroeconomic, geopolitical and technological maelstrom that has gutted other companies’ earnings, Google parent Alphabet Inc. on Tuesday…
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Why Elon Musk should turn to Twitter investors to help his $46bn bid
Maybe Elon Musk should turn to Twitter investors to help his $46.5bn bid for the company. One possibility is that…
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Schroders ties staff comp to ESG goals — here’s how this will impact pay
Schroders has linked fund manager and analyst remuneration to sustainability goals, as it rolls out a new company-wide “engagement blueprint”.…
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Elon Musk says he has received funding commitments for Twitter buyout and is exploring tender offer
Funding secured? Elon Musk confirmed in a Thursday filing that he was “exploring whether to commence a tender offer” for…
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BlackRock enters strategic partnership with stablecoin firm Circle
Circle Internet Financial, a cryptocurrency start-up that is merging with a special-purpose acquisition company, raised $400m in a funding round…
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London IPOs down more than 90% as war, inflation and commodity prices crush raisings
IPOs on the London Stock Exchange are off to a slow start this year, as high inflation and the war…
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EY IPO boss: Wage inflation could slow listings market
Hopes of a recovery in the battered IPO market could be hampered by wage inflation next year, according to consultancy…
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Trading Places: All change at Credit Suisse, JPMorgan bets on private markets
Credit Suisse vice chair Severin Schwanwon’t stand for re-election at the firm’s upcoming shareholder meeting, the Swiss bank announced. Schwan, who is…
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How the frozen IPO market could look different for bankers when it thaws
The IPO market has frozen over. When it thaws, it could look much different. So far this year, just 22…
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Schroders slips down UK fund brand rankings again as BlackRock, JPMorgan, Vanguard climb
Schroders has continued to fall in an annual ranking of UK fund management brands, with US behemoths BlackRock, JPMorgan Asset…
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Barclays warns of $593m hit from overselling securities in the US
Barclays said it expects to record a £450m ($593.1m) hit net of tax after over-issuing securities under its US shelf…
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Why tougher crypto regulation led this fund to back blockchain startups
Every investor wants to know which way the regulatory wind will blow. As watchdogs tighten their grip on digital assets,…
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Spacs face new disclosure requirements from US regulators
Federal regulators proposed a bevy of new requirements for special-purpose acquisition companies, or Spacs, and their takeover targets amid widespread…
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EToro moves into the NFT market
Cryptocurrency and FX trading platform eToro is expanding into NFTs with a $20m fund to launch eToro.art, which it said would be…
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Morningstar says crypto displays ‘zero sensitivity’ to traditional risk factors
Crypto has shown no signs of behaving like a traditional asset during its short trading history, according to a report by…
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Deutsche Bank set to face investor lawsuits over allegations it enabled US Ponzi scheme
Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank for allegedly ignoring warnings…
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Private equity firms’ $714bn in dry powder set to surge even higher in 2022
Record-breaking fundraising, rising dry powder, and faster fundraising cycles; private equity is on steroids. Buyout shops worldwide have raised more…
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FCA’s lead supervisor for asset managers quits: ‘It’s a big loss’
The Financial Conduct Authority’s head of asset management Nick Miller is set to leave the watchdog to join ratings agency…
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Most UK Spacs are nowhere near big enough for the FCA
As regulators in the UK express their concerns over small Spacs, new data shows the scale of the challenge blank-cheque…
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Private equity firms pay themselves record sums with debt
Private equity firms are taking advantage of a frothy credit market to pay themselves record sums with borrowed money, a…
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Judge orders Lanistar to cough up unpaid salaries to former staff
An employment tribunal has awarded thousands of pounds in payments to former staff at Lanistar who were not paid salaries…
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Zopa gains unicorn status as SoftBank leads $300m funding round
British digital bank Zopa is now a billion-dollar company, gaining the coveted unicorn title after raising $300m from major Japanese technology…
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Barclays opens up $30m fintech fund in London for female founders
Barclays is expanding its female-focused startup fund to Europe, partnering with venture capital firm Anthemis to accompany the effort with a…
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KPMG-audited German fund firm reveals years-long compliance failure in UK arm
A German fund group audited by KPMG has not complied with UK law in its London arm for years, Financial…
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EQT’s Christian Sinding: ‘We were pushing on the brake and the gas pedal at the same time’
EQT had spent only a few months as a publicly-listed company when the Covid-19 pandemic struck in March 2020, forcing…
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Ex-Wise employees raise $10m to build Europe’s answer to Robinhood
Two former employees of British fintech firm Wise have raised $10m to fund Europe’s answer to Robinhood, bringing on board…
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JPMorgan leads $50m funding round for financial analytics firm
Aumni, an analytics platform for private capital markets, raised $50m in a funding round led by JPMorgan Chase, signalling investment…
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Ex-Anchorage hedge fund exec moves to PJT Partners
Investment bank PJT Partners has hired the former US head of restructuring at hedge fund Anchorage Capital Group as a…
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Robinhood’s revenue surged on crypto trades over Q2 alongside a $502m loss
Revenue at Robinhood Markets more than doubled in the second quarter thanks to a torrent of customers trading cryptocurrency, but…
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Guess which Spac Leonardo DiCaprio and Orlando Bloom invested in?
Sustainability-focused financial technology firm Aspiration Partners is going public through a deal with a special-purpose acquisition company that would value…
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Former LSE boss Xavier Rolet unveils new $200m Spac
The former chief executive of the London Stock Exchange, Xavier Rolet, is leading a new blank cheque vehicle that counts…
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KPMG partner exits firm amid tribunal over Silentnight private equity takeover
A KPMG restructuring partner facing a disciplinary tribunal over the sale of mattress company Silentnight to private equity fund HIG…
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Why companies like crypto platform Coinbase are issuing a torrent of convertible bonds
Companies issued a torrent of convertible bonds since the pandemic hit, even before Coinbase Global Inc. brought out its own…
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Argo Blockchain co-founder launches London IPO of new crypto company
A co-founder of Bitcoin mining company Argo Blockchain is set to launch the initial public offering of a new crypto…
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