Know What's Happening in Investment Banking
Know What's Happening in Investment Banking
SpaceX eyes $5B Saudi anchor investment ahead of $75B IPO plan
SpaceX is in talks with Saudi Arabia’s Public Investment Fund for an anchor stake worth about $5 billion. The funding would support a planned IPO targeting roughly $75 billion, which would dwarf previous record offerings. The PIF, currently holding just under 1 % of SpaceX, seeks the new stake to avoid dilution.
Flexential is pursuing a $1.4 billion asset‑backed securities (ABS) issuance. The notes, structured in two series across four classes, will be secured by its 28 data‑center sites spanning 14 markets and roughly 1.8 million sq ft of floor space. Proceeds will cover closing costs and fully retire existing debt, leveraging a portfolio that generates about $663 million in revenue and $353 million adjusted NOI. The transaction follows an $800 million ABS raise last year and is being serviced by KeyBank with Deutsche Bank as structuring advisor.
Mayo Clinic announced a $750 million bond issuance slated for early to mid‑April, comprising a blend of 30‑year notes and intermediate‑term debt ranging from seven to 15 years. The proceeds will finance the nonprofit’s expansive "Bold. Forward. Unbound." capital program, which...
Megaworld Corp. raised P945 million by selling 70 million MREIT shares at P13.50 each, adding to prior REIT fundraises of P1.32 billion in December and P2.24 billion in September 2025. The proceeds support a P65 billion capital‑expenditure plan focused on provincial township expansion. MREIT posted...
A former New Mountain Capital executive attempted to acquire five of the firm’s portfolio assets, but the bid collapsed after negotiations stalled. The breakdown highlights the growing importance of baseline economics in pricing trophy‑level private‑equity assets. Investors now treat valuation...
Episode 57 of the Special Situations Report podcast discusses four headline stories. Salesforce announced a $50 billion stock buyback, the largest ever for the company. The show also covers a bidding war for Reservoir Media, insider sales at Warner Bros. Discovery, and Elliott...
Raajmarg Infra Investment Trust (InvIT), backed by the National Highways Authority of India, is launching a ₹6,000‑crore IPO on March 11, priced between ₹99 and ₹100 per unit. The InvIT will own five toll‑road assets across Jharkhand, Andhra Pradesh, Tamil Nadu...
XED Executive Development Ltd, the first company to list on India’s Gift City International Financial Services Centre, has postponed its IPO opening to March 16‑24, 2026 due to heightened geopolitical tensions in the Gulf, specifically the Iran‑US‑Israel conflict. The dollar‑denominated offering,...
Greenko, the GIC‑backed Indian renewable developer, is weighing a roughly $1 billion initial public offering that could launch as early as this year. The firm currently operates about 11 GW of renewable capacity across 20 states and has another 20 GW under construction....
The Bond Buyer’s 2026 Predictions report forecasts municipal bond issuance to surpass $500 billion, with many respondents arguing $750 billion or more is required to fund looming infrastructure needs. Overall supply, tax‑exempt and revenue bonds are all expected to grow, driven by...
Jefferies Financial Group was downgraded to equal weight by JPMorgan analyst Ryan Kenny, who cut the price target to $49 from $78, still implying about a 28% upside. The downgrade cites heightened credit and legal risks, including a $126 million lawsuit...
Blackstone has engaged Citi to explore a sale of ShyaHsin Packaging, targeting a valuation of at least $1 billion. The Taiwanese‑based manufacturer supplies containers and components for colour cosmetics, skincare and fragrance brands, operating factories in China and Mexico. Blackstone bought...
Ecofy Finance, a climate‑focused NBFC, is raising Rs 380 crore in a Series B equity round led by British International Investment. The round includes Rs 220 crore from BII, Rs 70.5 crore from Finnfund, and continued backing from FMO and Green Growth Equity Fund....
Vilnius‑based Saltz secured a €20 million Series A round led by the EBRD, aiming to accelerate its pan‑European food‑supply marketplace. The funding will fund expansion into new markets, broaden supplier offerings, and support hiring over 100 staff by 2026. Saltz’s platform consolidates...
TechUK and TheCityUK hosted a summit urging UK tech firms to stay and scale domestically, targeting the nation’s first trillion‑dollar technology company by 2035. The Industrial Strategy calls for unprecedented capital inflows, with up to £190 bn of private funds expected...
Valero Energy priced an $850 million senior note offering due 2036 with a 5.15% coupon, set to close Tuesday. The net proceeds will refinance higher‑cost 2026 debt, including 7.65% debentures and 3.4% senior notes. In 2025 the refiner achieved a record...
Citi has launched its first digitally native structured note on Euroclear’s Digital Financial Market Infrastructure (D‑FMI), marking a pioneering use of distributed‑ledger technology for wealth‑management products. The note, issued under English law by Citigroup Global Markets Funding Luxembourg, demonstrates a...
Vinted is arranging a secondary share transaction that will place BlackRock on its shareholder register and could push the online resale platform’s valuation to roughly €8 billion. Existing shareholders will sell more than £500 million worth of stock, meaning the company itself...
KKR is weighing a multibillion‑dollar sale of CoolIT Systems, a data‑centre liquid‑cooling specialist that it bought for roughly $270 million in 2023. The potential transaction could value the company at over $3 billion, reflecting the rapid shift of CoolIT from gaming‑PC cooling...
Société BIC disclosed a February 2026 share repurchase program, buying back 31,570 of its own shares at an average price of €53.5908 per share. The total outlay amounted to €1.691 million. The transactions were executed on February 25‑27, 2026, and are...
Societe BIC disclosed its capital structure as of February 28, 2026, reporting 40,861,314 issued shares. The total voting rights amount to 57,593,899, with 57,386,137 rights when excluding non‑voting shares. The filing complies with French Code de Commerce and AMF regulations...
Axel Springer agreed to buy the UK’s Telegraph for £575 m, ending a three‑year ownership limbo and fending off a Daily Mail bid. The deal marks the first change of hands in the paper’s 168‑year history. Meanwhile, Indonesia announced a phased...
Municipality Finance Plc (MuniFin) issued DKK 1 billion senior notes on 10 March 2026 with a fixed 2.288 % annual coupon and a maturity of 10 March 2031. The issuance is part of MuniFin’s EUR 50 billion medium‑term note programme and is being underwritten by Skandinaviska Enskilda Banken...
Victory Giant Technology (Huizhou) Co., a Chinese printed circuit board manufacturer, is preparing a secondary listing in Hong Kong that could raise more than $2 billion. The company already trades on the Shenzhen Stock Exchange, and its board approved the Hong...
StrideOne, an Indian NBFC that serves MSMEs and SMEs, secured ₹100 cr (≈$11 mn) in a blend of equity and debt from undisclosed investors. The capital will fund expansion of its enterprise‑anchor programmes, broaden its partner‑lender network, and upgrade technology and risk...
Munich‑based Telura announced a €4 million pre‑seed round led by Nucleus Capital, Possible Ventures and First Momentum, coupled with a validation pact with Germany’s SPRIND agency. The startup’s electric impulse drilling technology replaces mechanical bits with high‑voltage pulses to fracture rock,...
Morningstar DBRS released episode 40 of its Securitisation Insights podcast, featuring Mudasar Chaudhry, Andre Soutinho and Nicola De Caro discussing synthetic Significant Risk Transfer (SRT) transactions in Europe. The hosts explained how synthetic SRTs let banks shift credit risk to...
Hyundai Motor Group plans to list its U.S. robotics unit Boston Dynamics on Nasdaq as early as 2027. Executive Chair Chung Euisun holds about a 20 percent stake, potentially yielding up to 20 trillion won ($13.6 billion) from the IPO. The proceeds would...
Monday March 9th Hong Kong IPO debuts: • Shenzhen Zhaowei Machinery & Electronics: ⬆️ 4% • Estun Automation: ⬇️ 14% • Alsco Pooling Service: ⬇️ 40%
RM11B Sunway-IJM Takeover: The Great GLC Standoff The Employees Provident Fund (EPF) and major institutional shareholders are officially in a holding pattern, freezing an RM11 billion power shift as the Independent Advice Circular faces strategic delays. This regulatory bottleneck creates a...
Bharti Airtel's data‑centre subsidiary Nxtra Data is raising $1 billion to expand capacity to a gigawatt scale. The round includes $300 million each from Airtel and private‑equity firm Carlyle, and a $400 million commitment from Sheikh Tahnoon bin Zayed’s Alpha Wave Global. Funds will...
Four Loko may be sold for $400M. Phusion Brands is exploring a sale of the Four Loko brand as the ready-to-drink category significantly outperforms beer, wine, and spirits by almost 15%. Four Loko launched in 2005 and took college campuses by storm...
Feb. 4: "The IPO window is wide open, but it can slam shut quickly." https://t.co/ojxYOaYx7R
DBS is urging Singapore‑based SMEs to hedge at least half of their foreign‑exchange exposure amid heightened volatility from the Middle‑East conflict. The bank’s SecureFX facility, which lets companies lock in rates up to US$1 million without credit lines, is already used...
Today's M&A and SPAC notes $TALK to be acquired by $UHS for $5.25 cash per share, 10.3% premium, $835 million $PLMK announced a business combination with Controlled Thermal Resources $ALIS announced a business combination with GoodVision https://t.co/m3Y3HvkUbt
When the Trump administration canned DOJ antitrust chief Gail Slater, we wrote that all eyes should be on the Live Nation/Ticketmaster case -- watching to see if her ouster paved the way for a settlement. Today: Settlement.
UI Boustead Reit will debut on the SGX mainboard on March 12, offering a S$1.9 billion portfolio of 23 logistics and industrial assets across Singapore and Japan. The portfolio, valued at a 1.0 times price‑to‑net‑asset‑value, delivers an 89.4% occupancy rate and a forecast distribution yield...
$DMYY $HQ Looking forward to joining the IPO Edge fireside chat this Monday, March 9 at 1:15pm ET, alongside Harry You and Greg Gould, our CFO, to discuss Horizon Quantum’s current journey to becoming a public company. https://t.co/F5hYGF2BTl
Calgary-based tech unicorn CoolIT is speculated to be for sale for more than $3 billion. All of this value creation from this Canadian business will go to the U.S. (KKR) and Abu Dhabi (Mubadala). Sadly, this is par for the course for...
PhonePe’s updated Draft Red Herring Prospectus reveals its merchant ecosystem now spans 47.19 million businesses, covering 98.6% of Indian pin codes and representing roughly 78% of the nation’s trade and services merchants. The platform supports 9.19 million physical payment devices and a...
Balyasny has built an AI agent called Merger Arbitrage Superforecaster, with GPT‑5.4 as its reasoning engine. Merger arbitrage is one segment of investing that greatly benefits from AI. https://t.co/kQPsOW5Ww3
The thing is, the current secondary market prices of liquid private credit vehicles (BDCs) are implying a default rate north of 20%, far in excess of anything experienced during the GFC and greater than UBS’s draconian “worst case” scenario
SpyGlass Pharma completed an IPO that raised $172.5 million, selling 10.78 million shares at $16 each and listing on Nasdaq under the ticker SGP. The company’s SpyGlass Platform uses small implants to deliver drugs inside the eye, with its lead BIM‑IOL system...
Jackson Hospital & Clinic in Alabama has filed Chapter 11, offering bondholders an estimated 18.7% recovery on par, or 22.9% for the broader secured class. The $87.5 million secured claim pool will be paid via a $2.5 million cash injection, $7.5 million senior unsecured...
IDB Invest has committed $50 million to Ecuador’s inaugural biodiversity bond, part of a $120 million issuance also backed by the International Finance Corporation and Dutch development bank FMO. The bond, issued through Banco Bolivariano, will fund projects under its Biodiversity Financing Framework,...
Galapagos NV announced the creation of 1,750,000 subscription rights under its new Subscription Right Plan 2026, aimed at current and future employees. Each right entitles the holder to subscribe for one new share, expanding the pool of employee equity incentives....
Aqua Finance is re‑entering the securitization market with a $381.3 million asset‑backed security backed by loans for water‑treatment equipment, home‑improvement projects, marine craft and recreational vehicles. Originations through Q4 2025 jumped 30.6% year‑over‑year, fueled by new partnerships that lifted borrower quality to...
Priority 1 Issuer Logistics DAC has published its consolidated management accounts and interim management report for the three‑month period ended 31 December 2025. The Q4 FY25 investor update is now accessible via the company’s investor portal and Oslo Børs NewsWeb. The filing...
Fidelity Management & Research’s subsidiary FMR LLC filed a notification under the Finnish Securities Market Act after its indirect voting rights in Nokia Corporation rose above the 5% trigger. As of 5 March 2026, FMR held 5.26% of Nokia’s shares, translating to...
Sonaecom SGPS, SA released its consolidated results for the fourth quarter of 2025, showing modest revenue growth and an improved EBITDA margin. Net profit rose to €45 million, driven by higher wholesale broadband sales and cost‑efficiency measures. The company also announced...
Awilco LNG ASA announced a conditional private placement of 77.3 million new shares, raising roughly NOK 251.3 million (US$26 million). The proceeds will finance the launch of its ALNG Trading subsidiary, cover pre‑payments under its sale‑leaseback facilities with China Development Bank, and extend...
