Another European life sciences contender is crossing the Atlantic. Agomab Therapeutics, the Belgium-based developer of fibrosis treatments, has set terms for its US IPO. The company is targeting a valuation of up to $828.5 million (“AGMB”), aiming to raise ~$212.5 million as the 2026 biotech listing window widens. 💊 THE LEAD ASSET: ONTUNISERTIB Investors are...
The “friendly” take-private deal is dead in Japan. Toyota Motor’s attempt to acquire its affiliate Toyota Industries (TICO) has turned into a high-stakes battleground. Despite sweetening the bid by 15% this month to 18,800 yen per share (~$27.8 billion), activist giant Elliott Investment Management is digging in its heels, arguing the offer still undervalues the...
Tesla is no longer just an EV maker; the balance sheet now confirms it is an AI company. In a landmark earnings call, Tesla (TSLA) announced it will invest $2 billion in Elon Musk’s xAI and confirmed that Cybercab production is on track to start this year. To fund this massive pivot to autonomy and...
The “Anti-Woke” economy is consolidating. Yorkville America Equities, the adviser behind the newly launched Truth Social Funds, announced Wednesday it has agreed to acquire the God Bless America ETF (YALL). The deal merges the $100M+ active ETF into the Truth Social family, instantly adding scale and a longer track record to their nascent lineup. 📊...
The “Fund of Funds” model isn’t dead—it just evolved. Blackstone’s (BX) largest hedge fund platform, the Absolute Return Composite (AR), posted a ~12% return for 2025, significantly outperforming the HFRX Global Hedge Fund Index (7.1%). 📊 THE SCORECARD: 🔄 THE STRATEGIC PIVOT: This performance validates the overhaul led by Joe Dowling (Global Head of BXMA...
The “final frontier” is finally coming to the public markets. According to the Financial Times, Elon Musk’s SpaceX is exploring a mid-June initial public offering that could value the company at a staggering $1.5 trillion. The listing aims to raise up to $50 billion, positioning it as one of the largest equity events in financial...