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 ]
A switch to online content among newspaper readers in the U.S. has put pressure on the profits of publishers of traditional newspapers such as the New York Times. The same trend is affecting traditional newspaper publishers in Greater China, too. Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-03-18 00:00:00 UTC ]
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The campaign group Friends of Gloucestershire Libraries has decided to step back from further... Continue reading at The Bookseller
[ The Bookseller | 2012-08-01 00:00:00 UTC ]
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Written By: Lisa Campbell Publication Date: Thu, 28/07/2011 - 14:11 Oxford University Press has described a surge in pretax profit by nearly 25% as "excellent", but said it does not underestimate the challenges publishers are facing. The academic publisher has reported pretax profits of... Continue reading at The Bookseller
[ The Bookseller | 2011-07-28 00:00:00 UTC ]
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Written By: Benedicte Page Gloucestershire county council has reinvested £500,000 into its library budget, with new proposals that would see Cinderford library saved from closure. But Friends of Gloucestershire libraries said the revised plans, which would still leave 10 libraries at risk of... Continue reading at The Bookseller
[ The Bookseller | 2011-01-31 00:00:00 UTC ]
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