Today's Investment Banking Pulse
Updated 2h ago
Wise to shift primary listing from London to Nasdaq this quarter
Wise confirmed it will move its primary listing to Nasdaq on May 11, completing the transition within the quarter. The fintech cites greater U.S. visibility, deeper capital pools and a more liquid market as key benefits. In Q4, transaction volume rose 26% to £49.4 bn (about $63 bn) and active customers grew 22% to 11.3 million.
Also developing:
By the numbers: Citius TransNet Investment Trust raises $133M in IPO
M&A Boom in Japan Is Fuelling Record Corporate Bond Sales
Japan's corporate bond market is set to break records as M&A activity drives unprecedented funding demand. Yen‑denominated issuance surged 94% year‑over‑year in March, and Daiwa estimates total sales will reach ¥16.5 trillion (about $110 billion) this fiscal year, up from ¥15.9 trillion last year. Outbound M&A deals hit a record ¥31 trillion ($207 billion) last year, prompting companies to favor bonds over traditional bank loans. While Middle‑East geopolitical volatility has caused isolated postponements, overall investor appetite remains strong.
Amazon Nears Deal for Globalstar in Push to Rival Musk’s Starlink
Amazon.com Inc. is in advanced talks to acquire satellite operator Globalstar Inc., a move that would accelerate its Project Kuiper satellite broadband rollout. The deal, expected to be announced as early as Tuesday, would give Amazon access to Globalstar’s low‑Earth‑orbit...
Volato, M2i Global Target Late‑May Close After SEC Declares Form S‑4 Effective
Volato Group and M2i Global said the SEC has made their Form S‑4 registration effective, clearing the way for a shareholder vote on May 7 and a projected late‑May closing. The deal merges Volato’s aviation‑tech platform with M2i’s critical‑minerals supply‑chain business,...
CoreWeave Secures Tens of Billions to Accelerate AI Infrastructure Expansion
CoreWeave announced it has secured tens of billions of dollars in new capital to broaden its AI‑focused cloud services. The financing, raised in a matter of days, highlights the aggressive pace of venture funding for AI infrastructure and positions CoreWeave...
Goldman Sachs Beats Earnings, Yet Stock Slides Amid Iran Tensions
Goldman Sachs profit jumped 19% in Q1 — but the stock dropped 3% as the war in Iran raises questions about what's ahead for dealmaking and IPOs for the rest of the year.
MicroStrategy's Bitcoin Funding Risks Dilution on Price Drops
"Microstrategy is a capital markets issuance MACHINE. It's a 9th wonder of the world. ... But will they have to sell their common stock? That's dilution. If Bitcoin doesn't keep going up, you'll have to sell at the worst time."...
Citius TransNet Investment Trust Launches $133M IPO on April 17
Citius TransNet Investment Trust announced a $133M initial public offering with a price band of $1.20 per unit. The IPO will open on April 17 and close on April 21, with proceeds earmarked for acquiring stakes in SRPL Roads Private...
Know the Right Time to Maximize SaaS Sale Value
Next up at MicroConf: @einarvollset on maximizing for the value you receive when selling your SaaS business. "When to sell your B2B SaaS"
How a SpaceX IPO Could Reshape Markets, ETFs, and the Space Industry
The conversation centered on the looming SpaceX initial public offering and its potential to reshape financial markets. Analysts highlighted that index providers worldwide are already considering rule‑book changes to admit the company sooner than traditional waiting periods would allow, underscoring...
Goldman Sachs CEO: Macro Environment Started to Weigh on Sentiment Volatility
Goldman Sachs chief executive David Solomon opened the quarterly call by noting that the macro environment, which began 2026 with broad optimism and record‑high equity levels, has since begun to weigh on market sentiment. As the quarter progressed, heightened...
Maywood Acquisition Corp. 2 (MYXXU) Prices $100M IPO
Maywood Acquisition Corp. 2 priced its $100 million initial public offering and will begin trading on Nasdaq under the ticker MYXXU on April 12, 2026. The SPAC’s sponsor, chaired by Zikang Wu, has assembled a board that includes Zixun Jin, Hao Tian and Chao Yang....
Goldman Extends Borrowing Run with $6.5 Billion Bond Sale
Goldman Sachs raised $6.5 billion through a two‑tranche U.S. investment‑grade bond sale, extending a borrowing run that began with a record $16 billion offering earlier this year. Pricing tightened by roughly 0.25 percentage point, leaving the 2034 tranche at a 1 % spread over...
Miami Mandarin Oriental Luxury Project Secures $1 B Funding Amid Wealth Boom
Swire Properties announced a $1 billion financing package for a new 34‑story Mandarin Oriental hotel and a 66‑floor residential tower on Miami’s Brickell Key. The development, slated for completion in 2030, has already generated $1.3 billion in sales, driven by domestic U.S....
Stryker Signs Definitive Agreement to Acquire Amplitude Vascular Systems, Adding Next‑gen IVL Tech
Stryker Corp. has signed a definitive agreement to acquire Boston‑based Amplitude Vascular Systems, a developer of next‑generation intravascular lithotripsy (IVL) technology for calcified peripheral arterial disease. The deal, undisclosed in price, aims to broaden Stryker’s peripheral vascular platform and accelerate...
Goldman Sachs Kicks Off Earnings Season
Motley Fool Money kicks off earnings season with Goldman Sachs' Q1 2026 results, highlighting $17.2 billion in net revenue (up 14% YoY) and earnings per share of $17.55, beating expectations. The episode breaks down the bank’s mixed performance: equities revenue surged...
$1.009 Billion Automobile‑Receivables ABS Filing Adds New Supply to Corporate Bond Market
EFCAR, LLC filed a 424(b)(5) prospectus for $1.009 billion of automobile‑receivables backed notes, with a closing set for April 20, 2022. The issuance, underwritten by Deutsche Bank and Wells Fargo, will be delivered in book‑entry form and includes a 5% credit‑risk retention by the...
SpaceX IPO, Index Funds and Lockup Periods
SpaceX is preparing an IPO valued between $1.75 trillion and $2 trillion, with a $75 billion raise that earmarks up to $15 billion for retail investors, especially Tesla shareholders. The company plans to replace the traditional 180‑day lock‑up with a staggered 3‑6‑month release, allowing...
New SPACs: Irenic Acquisition Corp. (IACQU), Alpex Acquisition Corporation File for IPOs
Irenic Acquisition Corp. (ticker IACQU) and Alpex Acquisition Corp. have each filed Form S‑1 to launch new special purpose acquisition companies (SPACs). Irenic aims to raise roughly $200 million to pursue targets in technology and clean‑energy sectors, while Alpex seeks a...
