The biggest fee event on Wall Street is officially taking shape. According to new reporting, SpaceX is finalizing the roster of underwriters for its potential 2026 Initial Public Offering. The company has reportedly tapped four heavyweights for senior roles in what could be the largest listing in history. 🏦 THE LINEUP: The “Big Four” are...
JPMorgan Chase isn’t just building its UK wealth business; it’s buying the infrastructure to run it. According to an internal memo from Edmund Cohen (Head of Pensions & Wealth Products), the bank has acquired WealthOS, a UK-based pension technology platform. The deal will see the fintech’s entire team—including staff in London and its engineering hub...
A corporate crisis just became a geopolitical one. Two major U.S. investors in Coupang (CPNG)—Greenoaks and Altimeter Capital—have petitioned the U.S. Trade Representative (USTR) to investigate the South Korean government, alleging a “discriminatory” campaign against the e-commerce giant following its massive data breach. 📉 THE CONTEXT: ⚔️ THE INVESTOR PLAY: Greenoaks (founded by Coupang board...
Against the tide of political pressure to “Buy British,” Vanguard is going global. Vanguard has announced a significant restructuring of its flagship LifeStrategy range (managing ~£52bn / $70bn), explicitly reducing its exposure to UK assets to offer investors a more globally diversified portfolio. 📉 THE ALLOCATION CHANGES: To be phased in from late March to...
The fall of a gaming titan continues. Ubisoft (UBIP.PA) shares crashed 35% on Thursday to their lowest level in over a decade after the publisher announced a sweeping reorganization, studio closures, and mass game cancellations. The company is now trading at a market cap of just €616 million—a staggering collapse from its peak of €11...
Capital is officially moving East. According to Refinitiv Lipper, Emerging Market (EM) equity ETFs have attracted roughly $14 billion in inflows year-to-date, putting the category on track for a monthly record. This massive rotation comes at the direct expense of US equities, which have seen $2.1 billion in net outflows over the same period. 📊...