9 big things: The LTSE, the NYSE and the future of IPOs

9 big things: The LTSE, the NYSE and the future of IPOs

In New York, a late-summer IPO surge continued, with a series of tech unicorns either setting terms or filing for public offerings on the NYSE and Nasdaq, the two exchanges that have dominated the American stock market for the past four decades. In San Francisco, an...
KKR Looks to boost private credit bets in asset-based financing

KKR Looks to boost private credit bets in asset-based financing

KKR & Co. is looking to grow its asset-based private lending business to capitalize on a retreat by banks and more traditional market participants in the wake of the coronavirus pandemic that has led to mis-priced risk. Loans in the roughly $4.5 trillion private...
True Wind Capital raises $525M in latest ‘blank check’ IPO

True Wind Capital raises $525M in latest ‘blank check’ IPO

Private equity firm True Wind Capital’s blank check IPO raised $525 million on Friday in the 13th such offering by investors from the region this year. San Francisco-based TWC Tech Holdings II Corp., led by True Wind founding partners Adam Clammer and James...
The New ‘Blank Check’ Barons Are Coming for Wall Street

The New ‘Blank Check’ Barons Are Coming for Wall Street

It’s the hot ticket on Wall Street, a symbol that you’ve arrived or can at least persuade investors that you’re on your way: the blank-check company. Few corners of American finance capture the giddiness of today’s stock market quite like the mad rush into these...