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.
Greater Good Health, a cost‑of‑care management platform for high‑risk organizations, secured $20.5 million in Series B financing. The round was led by Allumia Ventures and included a $12.5 million venture‑debt facility from HSBC Innovation Banking. New investors DaVita Venture Group and Granite Financial Holdings joined existing backers such as Flare Capital, Optum Ventures and others. Funds will accelerate product development, expand sales, and deepen partnerships across the health‑care ecosystem.
A SPAC CEO was caught with her hand in the cookie jar, taking money from the working capital account that she was not authorized to. When the board requested she repay the funds, she refused. While the stolen funds are a fraction...
Whitestone REIT hired Bank of America to manage a potential sale after attracting interest from private‑equity firms Blackstone and TPG. The REIT, which owns 56 shopping‑center properties across the South, has faced ongoing pressure from activists to go private and...
Brightline Trains Florida LLC saw S&P Global Ratings downgrade its $2.2 billion Opco debt and $1.19 billion East bonds to CCC‑minus, deepening its junk‑status. The downgrade follows a series of rating cuts by KBRA and Fitch, all warning of a possible default...
SageSure successfully issued the $175 million Gateway Re Series 2026‑2 catastrophe bond, meeting its target size while pricing Class A notes below initial guidance and Class B notes within range. The multi‑peril bond provides reinsurance for Auros Reciprocal and Interboro across storm, earthquake, wildfire, severe...
We spend a lot of time at Vista Point walking founders through the considerations around WHEN to pursue a liquidity event. While external factors like the state of your vertical market are certainly important to consider, the first and foremost...
The SEC reached a partial settlement with Jeffrey Puzzullo, the construction consultant who helped fabricate financial projections for the $284 million Legacy Cares municipal bond offering in Arizona. Puzzullo pleaded guilty to conspiracy, securities fraud, wire fraud and aggravated identity theft,...
![[Update] SEDEMAC IPO Closes With 2.68X Oversubscription](https://inc42.com/cdn-cgi/image/quality=90/https://asset.inc42.com/2026/03/SEDEMAC-social.jpg)
SEDEMAC’s IPO closed with a 2.68X overall oversubscription, as investors bid for 1.51 cr shares against the 56.32 lakh on offer. Qualified institutional buyers led the demand, oversubscribing their 16.07 lakh quota by 8.46X, while non‑institutional and retail investors lagged, subscribing only 77%...
Hyundai Motor India posted an 8% YoY rise in Q3FY26 EBITDA to ₹2,020 crore, but the figure fell 17% quarter‑on‑quarter, missing both the broker’s and Bloomberg forecasts. Management highlighted GST‑driven demand and a dealer inventory below four weeks, projecting 5‑6% domestic...
California school‑district municipal bonds remain a solid risk‑adjusted investment despite mounting headwinds such as declining enrollment and exposure to child‑sex‑abuse lawsuits. Strong state backing via Proposition 98 and first‑lien tax claims underpin the sector’s credit quality, with most districts holding A‑rating...
Indian Institutes of Technology are emerging as powerful engines of deep‑tech entrepreneurship, with several alumni‑founded companies recently completing high‑profile IPOs. Sedemac Mechatronics, an IIT‑Bombay spin‑out, listed at a ₹6,000 crore valuation, while Ather Energy’s IPO gave IIT‑Madras incubators a 5 % stake...
Yangzijiang Maritime announced that shareholders approved a share‑buyback mandate at its extraordinary general meeting, allowing the company to repurchase up to 10% of its issued shares. The resolution garnered votes representing roughly S$1.6 billion, or 99.9% of the shares present. The...
Advent Capital disclosed that its $1.52 billion offer for Senior, a UK aerospace components supplier, was turned down by the target's board. The rejection comes amid a competitive auction that includes Arcline Investment Management. Senior’s decision highlights valuation gaps between private‑equity...
Eclipse Re Ltd., a Bermuda‑based special purpose insurer, issued its first private catastrophe bond of 2026 – a $100 million Series 2026‑1A note listed on the Bermuda Stock Exchange. The bond, likely covering property catastrophe reinsurance or retrocession, matures on December 31 2027, making...
Reliance Industries is preparing Jio Platforms' mega‑IPO, slated for early 2026, targeting a $4‑4.5 billion raise by selling a minimum 2.5% free float. Analysts argue the tiny public float could force the shares to trade at a premium, potentially neutralising the...
MiniMed priced its IPO at $20 per share, a 20% discount to the low end of its $25 range, raising $560 million and valuing the company at $5.62 billion. The stock opened below the IPO price and closed its first NASDAQ session...
The DOJ and FTC under the Trump‑era “Deal Friendly” approach have shifted toward expediting non‑problematic mergers, reviving early termination practices, and favoring structural remedies such as divestitures. In 2025, agencies filed 12 enforcement actions, with nine settled via consent orders,...
Terminal values are themselves short-hands for DCFs. This is because a terminal value is essentially a multiple. And a multiple is a short-cut for a DCF. More in the memo below 👇
Despite the bear market in private credit, negative press, and poor performance of some BlackRock funds, the quarterly redemption requests for its non-traded BDC came in below the 5% cap. https://t.co/36ABXJ1FCK
Each week we run a DCF model on Boeing, arriving at an intrinsic share price of roughly $85, far below the current market level near $230. The analysis uses a 10% discount rate, 2.5% terminal growth, and forecasts free cash...
The year's most important IPO isn't for SpaceX or OpenAI. It would be for the parent company of Dunkin' (do I need SpaceX or OpenAI every day? nope. but my iced coffee is a nonnegotiable) https://t.co/6kXbsBReYh
Oof. Only IPO of the week falls way short of expectations. MiniMed priced at $20 per share, versus $25-$28 range.
Glen Herrick, a senior advisor and former CFO, resigned from MVB Financial’s board after just 14 months, publicly criticizing the bank’s executive‑compensation structure and lack of focus on recurring earnings. His departure is one of only four outspoken director resignations...
SCOOP: AXEL Springer to buy Telegraph, gate crashing an earlier deal RedBird IMI had with the Daily Mail. With dream team @DanielThomasLDN @ArashMassoudi https://t.co/JXU4G9iMuj
Apollo Global Management has opened fundraising for its 11th flagship private‑equity vehicle, aiming to secure capital after the previous fund fell short of its target. The firm is emphasizing its superior Distributions to Paid‑In (DPI) ratio to persuade limited partners...
Nexstar Media Group announced a cash tender offer to repurchase its 5% senior notes due 2029, a move directly tied to the pending acquisition of TEGNA. The offer, managed by BofA Securities, J.P. Morgan, and Goldman Sachs, will remain open...
The column revives its Top 3 SPAC Targets list, spotlighting Costa Group, Amber Wave and Better Beef as prime agricultural merger candidates. It ties renewed SPAC activity to shifting trade policies, notably the Supreme Court’s removal of Trump‑era tariffs, and...
Prediction‑market trading is booming, with 2025 activity surpassing $44 billion and state officials racing to regulate the sector. The CFTC, under Michael Selig, argues federal jurisdiction, while dozens of states file lawsuits claiming gambling violations. Florida’s bond finance chief Ben Watkins...
Universal Music Group announced it is putting its planned secondary listing on a U.S. exchange on hold, citing turbulent market conditions that have created a valuation dislocation. The decision follows a confidential Form F‑1 filing and a $500 million commitment from Pershing...
There are businesses generating $600K profit right now with owners who: • Haven’t had a holiday in 3 years • Have no succession plan • Would seller-finance the whole deal just to escape You just need to know how to find them and what...
My Final Decision for All IPO : Avoid ❌ So, Out of 8 IPO - I personally asked to avoid all 8 IPO 🥲 It was best decision as per market conditions and situation. 🔴 Because, all of these IPO listed -ve @champ_trader
Aptiv’s subsidiaries have launched a $1.5 bn private senior notes offering tied to the planned spin‑off of its Electrical Distribution Systems (EDS) unit. The notes, due in 2031 and 2034, will be held in escrow until the separation is finalized. In...
Believe it or not but @chamath's current SPAC, $AEXA, trades at the highest NAV premium of all pre-deal SPACs (by a long shot). $AEXA trades at a 10.5% premium to NAV, while the next highest valued are below a 2.5% premium. Despite...
“The firms are using repo-like loans from one particular investment bank to mask debt, the letter says.” https://t.co/YLQH5cPi6f
Tikehau Capital filed a regulatory notice on 5 March 2026 detailing its share capital as of 28 February 2026. The company reported 175,247,840 total shares, each carrying a voting right, resulting in identical notional voting rights. After accounting for treasury shares, exercisable voting rights...
The Goldman banker was smart enough not to let them print that he works there. The Barclays banker though... https://t.co/XQUyhDbCNS
✍️ Longform links: a look at a potential SpaceX IPO, the long-term health impacts of Covid, and how the iPod changed our relationship with music. https://t.co/6bSrheJuzD image: https://t.co/vMSvzVUcJK https://t.co/8bTwTklNAR
Bridgepoint is evaluating how to position its capital in Europe’s burgeoning defense sector. A recent Carlyle Group white paper projects that the continent could allocate up to €14 trillion to defense and related infrastructure over the next ten years. The magnitude...
Sunshine‑Eichner arranged a $75 million non‑recourse first‑mortgage loan to refinance the Marriott Monterey hotel in downtown Monterey, California. The five‑year, interest‑only loan carries a fixed rate with an all‑in cost below 6% after securing a low‑200s credit spread among 19 competing...
Not sure why the write-down of a $20 million loan that was disclosed nearly two months ago is news but here we are https://t.co/lfuuXrqdYg
Pasqal / Bleichroeder Acquisition II deal overview Quantum computing company $2.0 billion enterprise value Closing H2 2026 PR: https://t.co/Y8kjd8LJdO IR deck: https://t.co/27uxUkWA9t Disclosure: Long $BBCQ shares + warrants in $ARB.to https://t.co/EfgkoWpFiI
Irish‑founded Evervault announced a €21 million Series B round, led by Ribbit Capital with Sequoia Capital and Index Ventures participating, bringing its total financing to €39 million. The developer‑first platform encrypts and orchestrates sensitive data, chiefly for card‑payment workflows, and now processes over...
Who Should Acquire PayPal? 5 Potential Acquirers Nobody’s Talking About PayPal is now considered to be a prime acquisition target. Who besides Stripe would be a good acquirer? Here are 5 potential candidates. Try to keep an open mind. https://t.co/rrD4BdDrG8
Rentomojo has formally converted from a private to a public limited company, clearing a regulatory hurdle ahead of its anticipated IPO in FY27. The Bengaluru‑based rental platform now serves over 220,000 active subscribers, manages more than 770,000 items, and operates...
An asset manager’s bonds are priced 50‑75 basis points wider than those of its major peers. Rating agencies signal potential upgrades, while the bond market doubts the firm’s credit health. The company’s fourth‑quarter results revealed record fundraising, growing margins, and...
Rothschild & Co Redburn downgraded American Airlines to neutral and cut its price target to $12.5 from $17, citing heightened exposure to jet‑fuel price spikes amid the ongoing U.S.–Iran conflict. The analyst highlighted that a 10‑cent per‑gallon increase in fuel...
The OCC has issued a draft implementation rule for the GENIUS Act that establishes a rebuttable presumption that stablecoin issuers and their affiliates may not pay interest or yield on payment stablecoins. While the language appears to ban direct yield,...
SpaceX provably has revenues of less than $20bn and loses money after the merger with xAI, but is targeting a $1.75 TRILLION IPO. So FTAV explored how Musk might try to pull off what could be the biggest bagholder operation...
