The University of Pennsylvania achieved the lowest yield on record for a 100-year bond issued by any university or corporation, according to a source familiar with the deal. read more
BATS Global Markets has been forced to make an embarrassing withdrawal of its own initial public offering, with the high-tech exchange group citing "technical issues" that caused its share price to plunge in the first moments of trading. read more
Apple Inc.'s surging shares have prompted hundreds of mutual funds to buy the stock—including many that aren't expected to invest in a giant, U.S.-based technology company that pays no dividends. read more
Long Beach, Calif., successfully sold $104.3 million in bonds tied to an aquarium Wednesday, overcoming a weak market tone and investor apprehension over similar cultural institutions, some of which have gone bust in the past. read more
Should business step up its involvement in public policy issues? According to a recent poll conducted by the FTI Consulting firm, shareholders want CEOs to be more engaged in Washington policy debates. read more
By some measures, Puerto Rico's financial picture bears some resemblance to the smaller European nations whose large debts have kept finance ministers and investors awake at night. read more
The top 10 IPOs of the year are less 'social' than expected read more
After a muted reception for Zynga’s Dec. 16 debut as a public company, tumbleweeds are blowing through the market read more
Considering a Midwest roadshow? Don’t miss these three cities, says Jeff Cossette read more
Shares in Zynga fell below their initial public offering price in first-day trading, despite the maker of FarmVille raising the most money for a US internet company since Google. read more
Three US initial public offerings were postponed on Thursday, but Zynga is to press ahead with its plan to list next week, in further evidence of a two-speed market in IPOs read more
Following last week's post-Thanksgiving feast, the municipal market will continue to usher in December with an equally hearty slate of primary market deals. Yields remained mostly firm on Friday as investors clamored for high-quality paper in the scarce secondary. read more
Zynga will brave difficult market conditions and resume its delayed initial public offering this month, seeking a market valuation of up to $7bn read more
Texas residents passed a $6 billion bond measure to pay for water projects, the largest debt authorization before U.S. voters in elections yesterday, as 21 of the 25 biggest borrowings won approval. read more
Companies have sold nearly $28bn of bonds in the US in the past two days, marking the best start to a week this year. read more
Groupon’s solid trading debut has spurred several smaller deals to come to market in the US. But hopes for an IPO rush appear premature. read more
Shares of Groupon Inc surged as much as 56 percent on Friday, a solid debut aided by a small number of shares sold, yet still fell short of the first-day performances of recent Internet IPOs read more
For at least a little while, some of the market's focus is returning to U.S. shores from Europe, with Groupon's high-profile public offering set to price Thursday evening. After a September in which no initial public offerings made their debut on U.S. exchanges, the window for listings opened a crack in October with two deals making it to market. read more
Groupon shares jumped more than 50 per cent to a high of 29.52 on their opening on Nasdaq on Friday morning. read more
Groupon survived an army of critics and gave a burst of oxygen to the market for initial public offerings with a solid debut Friday read more
Online deal site Groupon is planning on pricing its long-anticipated IPO today and officially becoming a public company tomorrow, according to reports by website AllThingsD. read more
California had no trouble selling $5.4 billion in short-term debt Wednesday, as the muni market's biggest borrower finished the deal a day ahead of schedule. read more
Groupon and Zynga, the most closely watched among the next wave of consumer internet companies expected to go public on Wall Street, have pulled back from selling shares this month amid a spike in market turbulence. read more
Global Markets for raising capital mostly shut down in August, especially for smaller and riskier companies amid a surge in volatility and a pullback in investor flows read more
The US municipal bond market where US states, cities and other local bodies raise money is braced for what could be its biggest week this year with nearly $10bn of new issuance expected. read more
Ros Stephenson’s cultivation of private equity firms pays off. read more
Ces derniers temps, internet et Chine étaient devenus les deux termes clés les plus mentionnés dans les bourses américaines, et l'on s'attendait à une haute volonté d'investissement pour l'internet chinois. read more
LinkedIn (LNKD) made a lot of friends on Wall Street Thursday, more than doubling in its NYSE debut from a strong IPO and giving a stamp of approval to social networking firms. read more
Southern California's San Joaquin Hills toll road has gotten the green light from bondholders to restructure $2 billion of dept that helps avoid default read more
Europe's institutional investors last year placed three times more assets with new managers than in 2009, with German clients leading a surge in searches, according to data published today by Mercer read more
U.S. investors have swarmed to Chinese initial public offerings since last fall. But that love affair may be fading. read more
A combination of hype and hyped-up investors has caused a lot of misery for Chinese companies debuting in the U.S. this month. read more
For many cities and states, the love affair with debt has cooled, as governments cut back on spending and as borrowing comes under political attack. read more
Norway Goverment Pension Fund, el fondo soberano de Noruega que reinvierte los beneficios que obtiene el país del petróleo y el segundo mayor del mundo con cerca de 500.000 millones de euros en activos bajo gestión, se ha convertido en uno de los inversores institucionales que más suena como potencial comprador de las futuras salidas a bolsa de las cajas. read more
Wall Street firms love underwriting Chinese initial public offerings in the United States, until it's time to figure out how to price them. read more
The Irish aircraft lessor and trader planned to sell 15 million shares in the form of American depositary shares (ADS) for $12 each and raise up to $180 million. read more
Credit markets were generally quiet Friday, with no new issuance in the corporate bond market. In asset-backed securities, SLM Corp. (SLM), better known as Sallie Mae, sold an $812 million deal. read more
U.S. investor demand for initial public offerings from alternative energy companies could cool if government subsidies for the sector decline. read more
A string of initial public offerings by small U.S. drug companies is putting investors' appetite for risk under the microscope, offering bare balance sheets but the possibility of profits from growing healthcare demand. read more
BankUnited (BKU.N) raised a higher-than-expected $783 million in an initial public offering, as investors bet that the Florida lender, backed by private equity and run by a veteran banker, will grow in the region and beyond. read more
The Chief Executive of Chinese Internet retailer E-commerce China Dangdang Inc (DANG.N) may be angry over the pricing of his company's initial public offering, but that does not mean he has any basis for a lawsuit, U.S. securities lawyers said. read more
Municipal bond prices held firm Friday, hovering above the roughly two year-lows of last week, despite news that investors were accelerating withdrawals of money from mutual funds focused on the debt of states, cities and other local governments. read more
Company owners had a hard time getting the prices they wanted for their IPOs in the U.S. in 2010, but a select group received handsome payoffs later, when they launched a second round of share sales to the public through follow-on offerings. read more
France's OFI Asset Management will partner with Shenzhen-based buy-side firm Great Wall Fund Management to invest US$150 million in Chinese domestic equities under its qualified foreign institutional investor (QFII) licence, but the French institutional investor will trade its new portfolio from Paris. read more
A New Jersey agency shrank the size of a $1.2 billion tax-exempt refinancing offering by roughly 40% and hiked yields on the sale as it struggled to market the bonds to institutional investors Thursday. read more
Nearly 40 'red chips' raised $5.2b this year, but sceptics fear a bubble read more
The largest IPO in the U.S. this year was Detroit auto maker General Motors Co., but Chinese companies grabbed an outsized amount of attention from American investors in 2010. read more
Municipal bond issuers are rushing to sell federally subsidized Build America Bonds--almost $6 billion worth are on the calendar this week alone--as an extension of the popular program beyond year-end looks increasingly uncertain. read more
America's strapped states and cities took another hit Wednesday, with California seeing tepid demand for its latest bond sale and other governments pulling about $700 million worth of borrowing deals this week as investors continued stepping away from the municipal bond market. read more
There has been a lot of focus lately on plus-size IPOs expected from places like General Motors Co. and Skype, but when it comes to top performers this year, thin is definitely in. read more
This year has been a mash of mostly mediocre debuts of initial public offerings of stock, but one sector has been doing a bit better than the norm: technology. read more
Private equity-backed IPOs are on the rise, though their performance has not been as strong as 2009 figures. read more
Initial public offerings of companies owned by private-equity firms beat the Standard & Poor's 500 stock index by an average of 7% in the first half of 2010. read more
Lingering uncertainties about the global economy and Europe's debt problems have market participants worried that the difficult conditions in the M&A advisory market may carry into the third quarter and even into next year. read more
For private-equity companies that had been counting on being able to sell portfolio companies via a public offering, the downturn in the IPO market could not have come at a worse time. read more
Companies are increasing the transparency of their takeover defense measures as they are growing more conscious of investor disapproval of such systems. read more
