Masayoshi Son has found his next “Arm Holdings.” PayPay, the SoftBank-backed Japanese payments giant, publicly filed its paperwork for a U.S. initial public offering on Thursday. Moving past a delay caused by the U.S. government shutdown, the filing sets the stage for the first major SoftBank-majority listing since the 2023 blockbuster debut of chip designer...
The IPO market is open, but the price of admission just went up. New York-based prime broker Clear Street has slashed its U.S. IPO fundraising target by a staggering 65% just hours before pricing. The move underscores a newfound discipline among institutional investors who are refusing to pay 2024 multiples in a volatile 2026 market....
The downstream energy sector just got a new pure-play distributor. ARKO Petroleum (APC) priced its initial public offering at $18.00 per share on Wednesday, raising nearly $200 million. While pricing at the low end of the range ($18-$20), the deal was upsized to 11.11 million shares, signaling solid demand for steady cash-flow businesses in the...
The biggest company on the Tel Aviv Stock Exchange is now… a Silicon Valley giant. Palo Alto Networks (PANW) announced plans to dual-list on the Tel Aviv Stock Exchange (TASE) following the completion of its massive $25 billion acquisition of CyberArk. With a market cap of ~$115 billion, Palo Alto will immediately become the most...
The deal flow is back, but the bankers are missing. As Hong Kong’s IPO market roars back to life—with applications more than doubling to 414 in recent months—Chinese investment banks are facing a critical bottleneck. A shortage of qualified “Sponsor Principals” is threatening to derail the listing boom just as it begins. 🚨 THE REGULATORY...
The “Big Bang” of asset management consolidation just arrived in London. Nuveen, the US asset management giant, has agreed to acquire British rival Schroders (SDR.L) for £9.9 billion ($13.5 billion) in an all-cash deal. The transaction, which sees the founding Schroder family sell their controlling 41% stake, creates a new trans-Atlantic powerhouse with $2.5 trillion...