Companies itching to go public face a tough choice as the fall IPO window opens: take the leap with markets near all-time highs, or wait until next year when risks around interest rates and the U.S. election have faded.The window, roughly the nine-week stretch from Labor Day until the Nov. 5 vote, will likely be the last chance this year for a clutch of the best-prepared companies. Initial public offering bankers and advisers expect the election will freeze activity globally, putting a damper on IPO volume, which is unlikely to overtake last year’s even after bouncing back in the first half from the post-pandemic lull.First-time share sales outside mainland China have raised $69 billion so far this year, 50% more than in the same period in 2023, data compiled by Bloomberg show. The current figure is barely more than half the average in the decade before the pandemic, however.Marquee listings like Viking Holdings’s $1.8 billion New York debut and Galderma Group’s $2.6 billion offering in Zurich have performed well in the after-market, as global equity benchmarks sit on the doorstep of record highs. The MSCI All Country World index hit an all-time high Friday and is up 15% in the year to date. Yet many long-touted IPO candidates have stuck to the sidelines amid disagreements with investors over valuation, as well as concerns that risk tolerance for new issues hasn’t fully recovered.In the U.S., the backdrop of markets is “still pretty constructive,” according to Clay Hale,... Continue reading at 'Crains New York'
[ Crains New York | 2024-08-28 16:53:32 UTC ]
After weeks of credible speculation and reporting, LSC Communications announced clarity around its reorganization plans, which includes filing for Chapter 11 bankruptcy with the Southern District of New York. The company was left with few option after accumulating at least $893 million in... Continue reading at Folio Magazine
[ Folio Magazine | 2020-04-13 15:00:01 UTC ]
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Informa plc announced Tuesday that it has begun the process of replacing Derek Mapp, chairman of the London-based B2B publisher and exhibitions giant since 2008, with a successor expected to be installed by the end of the year. Mapp first joined Informa's board as a non-executive director in... Continue reading at Folio Magazine
[ Folio Magazine | 2020-01-08 19:41:38 UTC ]
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Caroline Summers is leaving her role as head of book sales for academic publisher Emerald and taking up a new post as sales director at The Paperback Shop. Continue reading at The Bookseller
[ The Bookseller | 2019-09-04 12:35:41 UTC ]
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Academic publisher hopes to convince students to pay to access online materialsThe era of students using their loans to buy expensive textbooks upfront could be coming to an end, after the academic publisher Pearson announced a shift towards a Netflix-style subscription-based model.The British... Continue reading at The Guardian
[ The Guardian | 2019-07-16 13:31:56 UTC ]
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Appointment comes months after walkout by former CEO Louise Adler and five MUP board members in protest over university’s new strategyFive months after the dramatic exit of its former CEO Louise Adler and five board members, Melbourne University Publishing have announced Nathan Hollier will take... Continue reading at The Guardian
[ The Guardian | 2019-06-13 01:22:23 UTC ]
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Nicko Goncharoff has been appointed managing director, business development for Greater China, at Web of Science Group. Continue reading at The Bookseller
[ The Bookseller | 2019-04-09 00:00:00 UTC ]
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Putting customer needs at the heart of your thinking, and letting that drive the change, and pace of change, in your business is the number one lesson for an academic publisher as it navigates the digital transition, according to Brian A Napack, the newly appointed president and c.e.o. of John... Continue reading at The Bookseller
[ The Bookseller | 2017-10-26 00:00:00 UTC ]
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Cambridge University Press was asked to suppress articles in China Quarterly. It has now resisted, but it is a worrying developmentThe international furore that followed Cambridge University Press’s compliance with “an instruction from a Chinese import agency to block individual articles from... Continue reading at The Guardian
[ The Guardian | 2017-08-22 00:00:00 UTC ]
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After 20 years as publisher at Virago, the “inspirational” Lennie Goodings will step back from the role, taking on a new position as Virago chair, working three days a week. Continue reading at The Bookseller
[ The Bookseller | 2017-06-01 00:00:00 UTC ]
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Hodder & Stoughton is restructuring, dividing both its fiction and non-fiction publishing teams into two publishing units each, because non-fiction publishing director Rowena Webb is taking a "step back from management to focus on acquiring and publishing the books she loves." Continue reading at The Bookseller
[ The Bookseller | 2016-12-16 00:00:00 UTC ]
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Pearson investors have “little visibility” on what the company may do in the next few months, one analyst has warned, while another has said further restructuring at the academic publisher was “almost inevitable.” Continue reading at The Bookseller
[ The Bookseller | 2015-11-14 00:00:00 UTC ]
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When she’s not busy hula-hooping this Londoner reads Hadley Freeman and follows Guardian style on TwitterI was born in London and lived here until I was 18, when I moved to Cambridge to study English. I stayed on to do an MA in creative writing, then spent the next two years trying to persuade... Continue reading at The Guardian
[ The Guardian | 2015-07-10 00:00:00 UTC ]
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There were packed aisles at the first London Book Fair at Olympia since 2005, with many fair-goers praising the venue. Others, however, were less than satisfied with signage and transportation, and said the current venue was “hard to navigate”. Johnson & Alcock agent Ed Wilson said: “For... Continue reading at The Bookseller
[ The Bookseller | 2015-04-16 00:00:00 UTC ]
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Sales at Edinburgh University Press have increased 10% in the last year, boosted by North American trade. The wholly owned subsidiary of the University of Edinburgh recorded sales of £2.9m in the year to 31st July 2014, up 10% year-on-year. The majority of the sales - £2.1m - were from print... Continue reading at The Bookseller
[ The Bookseller | 2014-12-03 00:00:00 UTC ]
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The industry can learn about quality, and maintaining readers' loyalty, from the arrival of the Guardian and New York TimesThe recent, dramatic arrival of tanks – in the form of some of the world's biggest news organisations, including of course the Guardian – on the content marketing industry's... Continue reading at The Guardian
[ The Guardian | 2014-03-24 00:00:00 UTC ]
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Novelist Eleanor Catton and her editor Max Porter's alliance shows how much more than wielding a blade goes into this relationshipHenry James called editing "the butchers' trade". But he also said, "I glory in the piling up of complications of every sort," so you can see how the old anglophile... Continue reading at The Guardian
[ The Guardian | 2014-03-12 00:00:00 UTC ]
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The journalist who broke, and continues to break, the NSA Snowden leaks may be off to Greenwald–ier pastures with the launch of his exciting new journalism venture, but on Friday the Guardian published an incredible NSA explainer that breaks down and visualizes some of the newest, and most... Continue reading at Fast Company
[ Fast Company | 2013-11-04 00:00:00 UTC ]
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There are few things more heartbreaking for an editor than turning the lights off on a publication. Unfortunately, today marks the second time I've had to perform that unrewarding task. And while I plan to make good on my promise to take what we've learned here at Distro and transfer it to... Continue reading at Engadget
[ Engadget | 2013-09-28 00:00:00 UTC ]
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