Soar spots
Balance is needed on incentives to ensure Pershing Square USA fund does not struggle after floating
Plus, Arizona iced tea takes on investment bank Evercore in court and arrest of Telegram founder churns up financial troubles
US fund relaunch could include right to buy extra shares or stock in billionaire’s hedge fund
Turmoil comes months after previous boardroom spat over chair Michael Moritz and ahead of long-awaited IPO
Bourse’s new CEO says foreign investors had been put off, but he is encouraged by changes at state-controlled groups
Interesting technology was enough to get a public listing in a more lenient era but commercial aspects were undeveloped
Europe’s problem banks now appear to be some of those best positioned for growth
Memory products maker could achieve $10bn valuation as investors pile into AI and chip stocks
Company defies fintech downturn as government seeks to convince it to pick London for IPO
City minister Tulip Siddiq calls in Britain’s largest fintech for talks after regulator granted critical banking licence
Consortium leader CK Infrastructure, controlled by Li Ka-shing’s family, also announces secondary listing in London
With traditional IPOs have been far and few, so-called blank cheque companies have been seeking to fill the void
Start-up receives strong fund backing in country’s biggest IPO so far this year
Prada and Samsonite must be watching with interest the skincare group’s attempt to delist
German group says it could list car parts division in late 2025 pending ‘detailed review’
What started as a characteristically bold scheme came crashing down after a startling series of setbacks
Ack-man of La Mancha
Plus, Ares raises a record private credit fund and Rio Tinto stays out of the mining dealmaking frenzy
Decision follows vastly lowered target and delay in pricing
“Well-positioned businesses are pricing their IPOs above price talk and are trading well in the aftermarket”
Figure is fraction of the $25bn initially targeted by billionaire hedge fund manager
No Go! No Go! Ackman
Delay marks a setback for the billionaire hedge fund manager who hoped for one of the largest listings in history
Financial Conduct Authority proposes changes to document issuing for share sales in next phase of listings reforms