Ipreo as a Source

Bond Votes Fall Most Since '48 as Localities Scrimp: Muni Credit

by Darrell Preston & Brian Chappatta - 05 November 2012  - Bloomberg BusinessWeek.com

U.S. local governments are asking voters from San Diego to Alabama to approve $35 billion of bond issues, a 47 percent drop from the last presidential election year. It's the steepest decline since at least 1948  read more

Restoration Hardware Pitches IPO to Investors; Warns on Leadership Change

by Chris Dieterich - 24 October 2012  - WSJ.com

Furniture retailer Restoration Hardware Holdings Inc. is taking its stock offering on the road Wednesday, according to a person familiar with the matter.  read more

Follow-on Equity Offerings on the Rise

by Emily Chasan - 16 October 2012  - WSJ.com

That's the amount in billions of dollars that has been raised by the 476 follow-on equity offerings so far this year. Follow-on equity offerings by U.S. companies increased slightly this year, while the market for initial public offerings was in the doldrums.  read more

Boring" banks make tepid debuts despite soft pricing

by Aman Shah - 20 September 2012  - Reuters.com

Two small U.S. banks went public on Thursday to muted reviews despite selling shares for less than planned, as investors remain cautious about a sector that still has many problems in the wake of the financial crisis.  read more

Two bank holdings companies set IPO price ranges

by Olivia Oran - 10 September 2012  - Reuters.com

Two bank holding companies on Monday set price ranges for initial public offerings, in a sign that IPO activity is picking up in the financial sector after a slow year so far.  read more

Forget Facebook: How IPOs Have Really Done This Year

by Jeff Cox - 10 September 2012  - CNBC.com

The headline-grabbing flameouts of big names such as Facebook and Manchester United in the initial public offering market have obscured an otherwise solid performance this year of much smaller companies.  read more

Who Else has a Big Bet on Facebook

by Telis Demos - 24 August 2012  - WSJ.com Deal Journal

We reported this morning about the concentration of Facebook stock in the portfolio of one group of investors, several mutual funds operated by Morgan Stanley Asset Management. But that is not where the concentration of Facebook stock ends  read more

U.S. Eyes Biggest IPO Week Since Facebook

by Chris Dieterich - 05 August 2012  - Wall Street Journal

The IPO market is set for its biggest week since Facebook Inc.'s troubled offering in May, with Manchester United Ltd. and the operator of Outback Steakhouse among those scheduled to hit the tape.  read more

Facebook Flip: Funds Exit Early

by Joe Light and Telis Demos - 02 August 2012  - WSJ.com

It wasn't supposed to end like this. Fidelity Investments was an early buyer of Facebook Inc. shares. In the spring of 2011, two dozen of its funds bought more than $200 million worth of the company's private stock.  read more

How to Make Your Stock Sing

by Vince Ryan - 30 July 2012  - CFO magazine

It's hard to captivate equity analysts and investors amid a sagging economy and fears of financial-market instability. Here are five ways to get them to buy your story.  read more

The Facebook Freeze is Over as IPO Activity Heat Up

by Stephen Schaefer - 20 July 2012  - Forbes

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Palo Alto prices IPO above range

by Olivia Oran - 19 July 2012  - Reuters News

A Security software company Palo Alto Networks priced its initial public offering on Thursday significantly above its expected range at $42, the company said.  read more

Riff on this: Fender's going public

by Martha C. White - 09 July 2012  - MSNBC.com-"Market Day"

When Fender goes public, investors likely will be buying with their hearts and not their heads.  read more

CREDIT MARKETS: Safe Havens End the Week on Top

by Kelly Nolan - 13 July 2012  - Wall Street Journal

Concerns about the health of the global economy boosted safe-haven bonds this week, with U.S. Treasurys booking their third-straight weekly rally and municipal-bond yields hitting all-time lows.  read more

Follow-on Deals, Like IPOs, Falter

by Lynn Cowan - 08 July 2012  - Wall Street Journal

Times are slow when it comes to issuing stock, and it isn't just IPOs that are feeling the effects.  read more

A Brief History of IR Time

by Brad Allen - 04 July 2012  - Business2Community

How technological developments have shaped the world of investors, analysts and IROs. A time-travelling IRO from just 25 years ago would barely recognize today's online, networked world of webcasts, tweets, blogs, apps, instant Edgar filings and XBRL tags where immediacy, accessibility and global reach are taken for granted.  read more

Excluding Facebook, IPO Market Stalled in June and Q2

by Brian Deagon - 02 July 2012  - Investor's Business Daily

The launch of Facebook (FB) enabled venture-capital backed initial public offerings to post the strongest quarter on record, by dollars raised, the National Venture Capital Association reported.  read more

Analysts Hit the Tepid Button on Facebook

by Alexandra Scaggs, Telis Demos and David Benoit - 28 June 2012  - Wall Street Journal

Nasdaq OMX Group Inc. (NDAQ)'s waiting period for entry into one of its best-known stock indexes was a negotiating point with Facebook Inc. (FB) as the company weighed where to list its shares, according to a person with direct knowledge of the matter.  read more

Analysts to get a crack at Facebook

by Kent Berhard, Jr. - 26 June 2012  - Upstart Business Journal

A gaggle of Wall Street analysts get to show whether they like Facebook beginning Wednesday. That's when the quiet period runs out for analysts who work for the banks underwriting the social network's initial public offering.  read more

Facebook Analysts to Click 'Like' or Not

by Telis Demos - 26 June 2012  - Wall Street Journal

Facebook Inc. is likely to get a bunch of new friends on Wall Street on Wednesday, when about two dozen analysts will be free to chime in publicly on its prospects.  read more

Underwriters Delay Detroit Water and Sewerage Department bond offering; no reason given

by Chad Halcom - 12 June 2012  - Crain's Detroit Business

A group of underwriters led by Goldman Sachs Group Inc. have delayed the $596 million municipal bond offering for the Detroit Water and Sewerage Department as the city copes with a looming financial crisis.  read more

IPOs Dry Up Post Facebook

by Steven Russolillo & Lynn Cowan - 10 June 2012  - Wall Street Journal

In the aftermath of Facebook Inc.'s botched trading debut, the IPO market has gone three weeks without an offering, the longest drought in five months.  read more

Why That Flat Facebook IPO Isn't So Bad After All

by Bernard Condon - 27 May 2012  - Associated Press

The botched offering of Facebook stock has raised several troubling questions, but at least we don't have to worry about the one that plagues many IPOs: How are a few select investors able to buy in early at lower prices and then pocket huge profits when the trading frenzy begins?  read more

IPO Outlook: May Saw Just 10 Deals, but Money Raised Was High

by Lynn Cowan - 27 May 2012  - Wall Street Journal

The U.S. IPO market looks to end May with just 10 deals, a choppy overall performance and a very disappointing debut from Facebook Inc.  read more

There's More to the IPO Market Than Facebook

by Don Miller - 21 may 2012  - Money Morning

Besides its $100 billion-plus stock valuation, the social media company has over 900 million active users worldwide. Plus, at $16 billion, Facebook will go down as the second largest U.S. IPO ever, trailing only Visa's $17.9 billion deal in 2010. But let's not forget, this isn't the first IPO that's gotten a ton of attention, and it won't be the last  read more

Price Is Right? DailyBlockbuster Facebook IPO Ends Flat

by Brian Deagon - 18 May 2012  - Investor's Business

Not enough investors hit the "Like" button on Facebook's IPO, which had a surprisingly lackluster trading debut Friday. Indications had been strong that demand was high as bankers upped the shares for sale, ultimately pricing Facebook (FB) at 38, the top of a raised range  read more

Facebook's Volume On Track To Set a New US IPO Record

by Alexandra Scaggs - 18 May 2012  - Wall Street Journal

Facebook Inc. (FB) kicked off its first day of trading with a burst of activity--more than 200 million shares changed hands in the first hour--putting it on track to be the most heavily traded U.S. IPO ever by day's end.  read more

Facebook trading likely to be volatile

by Teils Demos - 18 May 2012  - Financial Times

Facebook's stock is likely to experience volatile trading over coming months, even as some experts predict that its strong initial pricing will tamp down any first day "pop".  read more

Placid Ride Ends For Carlyle, Which Falls Below IPO Price

by Chris Dieterich and Lynn Cowan - 09 May 2012  - Wall Street Journal

Private-equity giant Carlyle Group LP's (CG) shares coasted sideways for four sessions following last week's public debut--but that quiet ride ended at exactly 11:00 a.m. EDT on Wednesday, as the stock began a pronounced skid below its offering price, later finishing lower for the first time.  read more

Facebook Index Early Entry Said Talking Point With Nasdaq?

by Nina Mehta and Lu Wang - 25 April 2012  - Bloomberg

Nasdaq OMX Group Inc. (NDAQ)'s waiting period for entry into one of its best-known stock indexes was a negotiating point with Facebook Inc. (FB) as the company weighed where to list its shares, according to a person with direct knowledge of the matter.  read more

Univ Of Pennsylvania Nabs Lowest Yield Ever On 100-Year Bond

by Mike Cherney and Patrick McGee - 29 March 2012  - Dow Jones

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 pulls its own IPO over 'technical issues

by Teils Demos - 24 March 2012  - Financial Times

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

Shares Are Too Tempting Not To Bite

by Jonathan Cheng - 14 March 2012  - WSJ.com

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

Aquarium Bonds Attract 'Deep Interest' From Investors

by Mike Cherney - 14 March 2012  - Wall Street Journal

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

Is Access to Policymakers the Real Issue in Business or Part of the Problem?

by JP Donlon - 12 March 2012  - Chief Executive Magazine - Online

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

Investors Crave a Taste of the Island

by Michael Corkery - 8 March 2012  - Wall Street Journal

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

Prime Offerings

by Jeff Cossette - 31 December 2011  - The Daily

The top 10 IPOs of the year are less 'social' than expected  read more

The IPO class of 2012: Facebook and Beyond

by Steven Schaefer - 27 December 2011  - Forbes

After a muted reception for Zynga's Dec. 16 debut as a public company, tumbleweeds are blowing through the market  read more

Heading Midwest

by Jeff Cossette - 21 December 2011  - Inside Investor Relations

Considering a Midwest roadshow? Don't miss these three cities, says Jeff Cossette  read more

Zynga shares fall 5% on trading debut

by Telis Demos - 16 December 2011  - FT.com

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

Two-speed IPO Pipeline emerges

by Telis Demos - 08 December 2011  - FT.com

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

Primary Full Again This Week

by Christine Albano - 05 December 2011  - The Bond Buyer

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 public offering to raise up to $1bn

by Telis Demos - 02 December 2011  - FT.com

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

Voters Approve at Least $10.4 Billion in Debt, Led by Texas

by Darrell Preston - 09 November 2011  - Bloomberg Business Week

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

US Corporate Bond Issuance Rebounds from Lows

by Nicole Bullock & Telis Demos - 08 November 2011  - FT.com

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

Hopes of an IPO rush appear premature

by Telis Demos - 07 November 2011  - FT.com

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

Groupon shares surge but concerns linger

by Clare Baldwin & Alistair Barr - 04 November 2011  - Reuters

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

Why the Groupon Pop Won't Wedge open the IPO Window

by Steve Schaefer - 04 November 2011  - Forbes.com

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 IPO values company at $12.65bn

by Telis Demos & April Dembosky - 04 November 2011  - FT.com

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's Day One Success Boosts IPOs; Critics Hover

by Brian Deagon - 04 November 2011  - Investor's Business Daily

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

Groupon keeps it Cool

by Julie Cohn - 03 November 2011  - The Daily

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 Debt Sells Out Fast

by Kelly Nolan - 15 September 2011  - Wall Street Journal

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 Cools on IPO amid Market Volatility

by Teils Demos & Richard Waters - 7 September 2011  - FT.com

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

Slowest August for junk bonds since 1995

by Telis Demos, Nicole Bullock & Robin - 31 August 2011  - FT.com

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

Why You Should Be Talking to Hedge Funds

by Louis M. Thompson - 23 August 2011  - FT.com

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IPO Values Chinese site Tudou at $822 Million

by Telis Demos & Kathrine Hille - 16 August 2011  - FT.com

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US muni market braced for busiest week of year

by Nicole Bullock - 18 July 2011  - FT.com

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

Barclays Takes the Lead in IPOs: Ros Stephenson's cultivation of private equity firms pays off

by Lee Spears - 14 July 2011  - Bloomberg BusinessWeek

Ros Stephenson's cultivation of private equity firms pays off.  read more

Nombreuses entreprises chinoises voient leurs actions aux États-Unis passer sous les cours d'émission

 - 27 May 2011  - french.china.org.cn

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

Social Networker LinkedIn Surges 109% In Debut

By Brian Deagon - 19 May 2011  - Investors.com

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

Investors OK Restructuring of Southern California Toll Bonds

By Randall Jenson - 18 May 2011  - The Bond Buyer

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

German institutions lead surge in hunts for new managers, Mercer says

By David Walker - 17 May 2011  - Investment Europe

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

Chinese IPOs No Longer Sizzling

By Lynn Cowan - 17 May 2011  - The Wall Street Journal

U.S. investors have swarmed to Chinese initial public offerings since last fall. But that love affair may be fading.  read more

U.S. Hype Catches Up With China-Linked IPOs

By Lynn Cowan - 16 May 2011  - The Wall Street Journal

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

Austerity Chills the Ardor for Muni Debt

By Michael Corkery and Jeannette Neumann - 20 April 2011  - The Wall Street Journal

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

El fondo soberano noruego ya es el segundo mayor accionista de España

By Ana Palomares - 13 April 2011  - elEconomista.es

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

IPO VIEW-Wall Street sells China, struggles with IPO math

By Clare Baldwin and Alina Selyukh - 18 March 2011  - Reuters News

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

Greenwich Kahala Aviation postpones IPO: source

By Alina Selyukh - 03 March 2011  - Reuters News

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: Little Activity In Corporates; Treasurys Up

By Kelly Nolan  - 25 February 2011  - The Wall Street Journal

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

IPO View – Window for alternative energy companies may close

By Alina Selyukh - 18 February 2011  - Reuters News

U.S. investor demand for initial public offerings from alternative energy companies could cool if government subsidies for the sector decline.  read more

IPO VIEW-Biotech IPO spurt to test U.S. market

By Alina Selyukh and Clare Baldwin - 06 February 2011  - Reuters News

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 IPO raises more than expected-underwriter

By Clare Baldwin and Paritosh Bansal - 27 January 2011  - Reuters News

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

IPO VIEW-Dangdang CEO's anger not enough for lawsuit

By Clare Baldwin and Kelvin Soh - 21 January 2011  - Reuters News

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

Muni Bonds Little Changed Despite Record Fund Outflow

By Kelly Nolan - 21 January 2011  - The Wall Street Journal

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

Secondary Offers Paid Off in 2010

By Lynn Cowan - 18 January 2011  - The Wall Street Journal

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

OFI to manage new Chinese fund from Paris

17 January 2011  - The Trade News

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

New Jersey Agency Shrinks $1.2 Billion Debt Sale By 40%

By Kelly Nolan - 13 January 2011  - The Wall Street Journal

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

Chinese IPOs thriving on US markets

22 December 2010  - Straits Times

Nearly 40 'red chips' raised $5.2b this year, but sceptics fear a bubble  read more

Chinese Firms Had Big Year in U.S. IPO Market

Lynn Cowan  - 19 December 2010  - The Wall Street Journal

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

Muni Issuers Race As Clock Ticks Down On Build America Bonds

By Kelly Nolan - 13 December 2010  - Dow Jones Business News

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

California Bond Woe Bodes Ill For States

By Michael Aneiro and Stu Woo - 18 November 2010  - The Wall Street Journal

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

Smaller IPOs Have Been Yelling Loudest

By Lynn Cowan - 20 September 2010  - The Wall Street Journal

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

Tech Offerings Lead the Way

By Lynn Cowan - 30 August 2010  - The Wall Street Journal

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

Public market exits surge

22 July 2010  - Private Equity Online

Private equity-backed IPOs are on the rise, though their performance has not been as strong as 2009 figures.  read more

Private equity IPOs trump market average

20 July 2010  - Private Equity Online

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

Surge in private equity IPOs yields limited returns

By Martin Arnold - 18 July 2010  - Financial Times

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Dealmakers Are Uneasy About Next Six Months; Despite a bounce in fee income, experts say economic conditions and other issues could make it tough for some M&A to get done

09 July 2010  - Investment Dealers Digest

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

Against the Wind

28 June 2010  - Mergers & Acquisitions Report

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

Firms Making Takeover Defenses More Transparent

17 June 2010  - Nikkei Report

Companies are increasing the transparency of their takeover defense measures as they are growing more conscious of investor disapproval of such systems.  read more