Capital Markets Law360 provides breaking news and analysis on the capital markets sector. Coverage includes stock and bond offerings, mortgage-backed securities, foreign exchange, follow-on offerings, and debt deals, as well as related litigation and policy developments.
Foreign currency buyers alleging they were charged falsely inflated prices as a result of a massive, ongoing price-fixing conspiracy by the world’s largest banks saw their latest complaint tossed out Friday by a New York federal judge, who said they failed to show how they suffered any antitrust injury.
U.S. metals company AK Steel Holding Corp. and a subsidiary turned to Weil Gotshal & Manges LLP for a recent debt offering that raised $400 million, with its managers and underwriters represented by Davis Polk & Wardwell LLP, according to securities filings.
Certain coal issuers are returning to the initial public offering landscape after a long absence, a trend experts say reflects more favorable economic prospects and expectations of a friendlier regulatory environment under the Trump administration.
Venture-backed analytics provider Alteryx Inc. announced that it has raised $126 million after pricing an initial public offering on Thursday at $14 per share, making it the latest technology startup to join an increasingly receptive IPO pipeline.
An energy-focused blank check company backed by Riverstone Holdings LLC recently announced that it has raised $900 million in an initial public offering, just months after Riverstone used funds from a similar blank check IPO to take control of an oil and gas drilling business.