Today's Investment Banking Pulse
Blackstone commits up to $1.3bn to Apogee’s skin‑drug program
Blackstone is providing up to $1.3 billion in structured financing to Apogee Therapeutics, split between $800 million of equity and $500 million of debt with royalty‑linked returns. The capital will accelerate development of the atopic‑dermatitis candidate that recently met its Phase II primary endpoint.
Also developing:
By the numbers: Credit Agricole raises $670M via Samurai bond
Credit Agricole SA Raises $670M via Samurai Bond Issuance
Credit Agricole SA set terms for ¥106.5 billion ($670 million) of samurai bonds, pricing seven tranches with a five‑year spread of 58 bps over the TONA mid‑swap rate and a 2.454% coupon. The issuance offers wider spreads than comparable domestic corporate debt amid rising yen rates, marking a new fundraising effort in Japan's samurai bond market.
SpaceX IPO Targets Up to $2 Trillion, Fueling IPO Frenzy Across Markets
SpaceX filed its S‑1 on May 20, eyeing a June 12 Nasdaq debut that could value the company at $1.75‑$2 trillion, the largest IPO ever. The filing has spurred mutual funds to hoard cash, while Wall Street analysts debate whether the surge in...
Anthropic Raises $65 B Series H, Valuation Near $965 B, Overtaking OpenAI
Anthropic announced a $65 billion Series H round that values the AI startup at $965 billion, surpassing OpenAI. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoas, with strategic commitments from Amazon, Samsung, Micron and SK Hynix. The funding fuels a...
Sidus Space Secures $100 Million in Direct Offering to Accelerate Space‑Defense Push
Sidus Space closed a $100 million registered direct offering of 19.7 million shares at $5.08 each, adding to its cash runway and funding its shift toward higher‑margin, AI‑enabled space and defense solutions. The raise follows a $41 million equity infusion earlier in the...
Global M&A Volumes Projected to Rise 18% Next Year
GS: Our Global Financials Team forecasts c.18% growth in global M&A volumes over the next 12 months. https://t.co/ujbYtQ1RFz
STB Halts Review of Union Pacific‑Norfolk Southern Merger, Extending Deal Timeline
The U.S. Surface Transportation Board announced Thursday that it is pausing its review of the proposed Union Pacific Corp. and Norfolk Southern Corp. merger, ordering the railroads to submit additional information by July 27. The move adds uncertainty to one of...
Arla and DMK Merger Cleared by Regulators
Arla Foods and Germany's DMK Group have secured all regulatory approvals for a merger slated for 1 June 2026, creating Europe’s largest farmer‑owned dairy cooperative. The combined entity will pool 19.4 bn kg of milk annually and generate pro‑forma revenues of over €20 bn (≈$22 bn)....
Waaree Energies Said to Hire Banks for $700 Million Share Sale
Waaree Energies Ltd., one of India’s largest solar panel manufacturers, is preparing a $700 million share sale to institutional investors, slated to begin marketing in June with execution as early as July. The company has hired Motilal Oswal, JPMorgan Chase, Nuvama Wealth Management...
Tourism Holdings Receives Revised Takeover Approach From BGH Consortium
Tourism Holdings (ASX: THL) received a revised cash takeover offer of NZ$3.10 per share (≈ $1.86 USD) from a BGH Capital‑led consortium that already controls about 19.9% of the stock. The proposal, contingent on due‑diligence and board approval, expires on 12 June 2026. Concurrently,...
AirJoule Technologies Announces $15.0 Million Registered Direct Offering of Common Stock
AirJoule Technologies Corp. announced a registered direct offering of 3,658,536 common shares, targeting roughly $15 million in gross proceeds. The capital is earmarked for commercializing the AirJoule Core and Prime water‑from‑air systems and for general corporate purposes. Combined with existing cash,...
AnteoTech Signs Underwriting Deal for Listed Options Exercise
AnteoTech (ASX: ADO) signed an underwriting agreement with MST Financial Services to cover up to 214,285,714 listed options, each priced at $0.035, expiring 31 May 2026. The deal guarantees the company a minimum raise of about $7.5 million AUD (≈$5 million USD) before costs,...
Lagercrantz Bought 90 Companies and Never Sold One. The Discipline That Makes It Work | Jörgen Wigh
In this interview, Jörgen Wigh, CEO of Lagercrantz, explains how the Swedish conglomerate has bought roughly 90 companies over two decades and never sold a single one, opting for a permanent‑hold strategy that emphasizes autonomy and disciplined capital allocation. Wigh outlines...
SpaceX IPO | S-1 Breakdown
SpaceX filed its S‑1, unveiling a three‑pronged business model that includes launch services, the Starlink satellite internet network, and a rapidly expanding artificial‑intelligence division. The filing shows FY25 revenue of $18.7 billion, up 33 % from the prior year, and projects AI...
Bolivia's $1 Bn Sovereign Bond Slides to Worst EM Performer After Protests
Bolivia raised $1 bn on May 7 at a 9.45% yield, but political unrest has driven the 2031 note down almost five cents on the dollar in three weeks, pushing its yield to 10.5% and making it the worst‑performing sovereign bond in...
TMTB: Quantinuum (QNT) IPO Roadshow Notes
Quantinuum, the leading integrated trapped‑ion quantum computing firm, announced a $1 billion primary IPO on NASDAQ at a $45‑$50 price range, with its parent holding 49% of shares. The company highlighted blue‑chip pilots with BMW and Pfizer, showcasing quantum‑driven hydrogen‑fuel research...
Sunshine Silver (SSMR) IPO Deck
Sunshine Silver Mining & Refining (ticker SSMR) has released its IPO deck, outlining plans to restart production at the historic Sunshine Mine and adjacent silver‑copper refinery in Idaho. The development‑stage company aims to raise capital to fund mine rehabilitation, equipment...
Applied Aerospace (AADX) IPO Deck
Applied Aerospace & Defense (ticker AADX) unveiled its IPO deck on May 28, 2026, signaling the company’s intent to go public. The industrial‑technology firm designs, engineers and manufactures mission‑critical equipment for aerospace and defense customers, reporting $1.2 billion in revenue for 2025 and...