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 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 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 “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...
Masayoshi Son’s $30 billion conviction bet is printing paper gains—but the leverage is climbing. SoftBank Group (9984.T) reported a fourth consecutive quarterly profit on Thursday, posting a net income of 248.6 billion yen ($1.62 billion). The turnaround from last year’s 369 billion yen loss was largely driven by surging valuations in its massive OpenAI stake,...
While the energy and auto sectors roll back green targets under political pressure, Global Shipping is holding the line. Despite a US and Saudi-led push to delay the IMO’s global carbon levy by a year, the maritime industry’s biggest players are forging ahead with billions in decarbonization investments. A new analysis reveals that the sector...