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Capital Markets

  • September 15, 2014

    CFTC, Ex-Amaranth Trader To Settle Manipulation Charges

    Former Amaranth Advisors LLC trader Brian Hunter will pay $750,000 to settle the U.S. Commodity Futures Trading Commission’s allegations that he helped the fund manipulate energy futures prices before its collapse in 2007, according to court documents filed in New York federal court Monday.

  • September 15, 2014

    Alibaba To Overshadow Debuts Of 6 Health Care Cos.

    Seven companies are planning to go public this week as the initial public offering market heats up, but the anticipated debuts of five biotechs and a private equity-backed care provider will likely be overshadowed by Alibaba Group Holding Ltd.’s historic float.

  • September 15, 2014

    Dubai's Emaar Malls Group Prices $1.6B IPO

    Dubai, United Arab Emirates-based Emaar Malls Group LLC said Sunday that it hopes to raise up to 5.8 billion dirhams ($1.58 billion) from its planned initial public offering of shares priced between 2.50 dirhams and 2.90 dirhams.

  • September 15, 2014

    Alibaba Lifts IPO Share Price On Investors' Hunger

    Alibaba Group Holding Ltd., the Chinese Internet giant that was already poised for the world’s largest initial public offering, lifted the deal's price range, according to a Monday regulatory filing, confirming earlier reports that strong investor demand could boost the offering.

  • September 15, 2014

    PE-Backed Vantage Energy Sets Terms For $635M IPO

    Private equity-backed oil and gas company Vantage Energy Inc. set terms Monday for a $635 million initial public offering, officially launching its IPO with a price range between $24 and $27 a share as the company seeks to grow its drilling activities and holdings in the Marcellus and Barnett shales.

  • September 15, 2014

    CME Seeks Dismissal Of Class Action Over HFT Treatment

    CME Group Inc. and several of its executives moved on Friday in Illinois federal court to dismiss an amended class complaint alleging the operator of the world's largest futures exchange has given high-frequency traders preferential and illegal access to futures markets, contending that the suit is devoid of supporting facts.

  • September 15, 2014

    Office Depot To Move Listing To Nasdaq From NYSE

    Office Depot Inc. is moving its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market, the company said Monday.

  • September 15, 2014

    Ackman's Pershing Square Plans $2B Fund IPO In Amsterdam

    Billionaire activist investor Bill Ackman aims to raise $2 billion in the initial public offering of one of his funds, Pershing Square Holdings Ltd., in Amsterdam, according to a Monday statement, following rumors the fund had considered London for its listing.

  • September 12, 2014

    Treasury Pares Stake In Ally To 14% As TARP Unwinds

    The U.S. Department of the Treasury said Friday it has reduced its stake in Ally Financial Corp., an auto lender rescued by the government under the Troubled Asset Relief Program, to 13.8 percent after selling another 8.9 million shares, netting $218.7 million for taxpayers.

  • September 12, 2014

    Fed Creates New Financial Stability Committee

    The Federal Reserve has established a three-member committee led by Vice Chairman Stanley Fischer to track financial stability, furthering the central bank's efforts to help avert another financial meltdown.

  • September 12, 2014

    Ex-Penny Stock CEO Barred, Fined In SEC Settlement

    The U.S. Securities and Exchange Commission on Friday said a federal judge has agreed to bar the former chief executive and general counsel of a Massachusetts penny stock company who previously pled guilty over kickbacks he allegedly paid to an undercover FBI agent. 

  • September 12, 2014

    Texas-Based Energy & Exploration Sets $400M IPO Target

    Texas-based Energy & Exploration Partners Inc. on Friday told the U.S. Securities and Exchange Commission that it was planning an initial public offering, proposing a target price of $400 million.

  • September 12, 2014

    Alibaba IPO Fanfare Exposes Enticing Market For Issuers

    The looming debut of Chinese Web giant Alibaba Group Holding Ltd. stands poised to rewrite the initial public offering record books, but while the anticipated $21 billion transaction has commanded plenty of attention, the fanfare hasn't pushed other issuers to the sidelines.

  • September 12, 2014

    Pulling Up Stakes: Wilson Sonsini, Kirkland & Ellis, KWM

    In this week's roundup of dealmakers on the move, Wilson Sonsini Goodrich & Rosati PC picked up a capital markets ace in Beijing, Kirkland & Ellis LLP nabbed a restructuring pro in Hong Kong and King & Wood Mallesons SJ Berwin landed an international arbitration specialist in London.

  • September 12, 2014

    Jones Day Lures Ex-Paul Hastings Capital Markets Partner

    Jones Day has snagged a former Paul Hastings LLP capital markets partner with experience advising several banks and hedge funds for its London office in a move that will further strengthen its securitization practice, the firm has announced.

  • September 12, 2014

    Hilton $2.6B Stock Sale Means Big Payday For Counsel

    The Blackstone Group LP, the majority owner of Hilton Worldwide Holdings Inc., is reducing its stake in the company by roughly 10 percent by selling as much as $2.63 billion in Hilton common stock, a transaction that will net counsel more than $500,000, Hilton Worldwide said in a regulatory filing on Thursday.

  • September 12, 2014

    Portfolio Cos. Cram IPO Pipeline As PE Firms Chart Exits

    Private equity-backed companies surged into the initial public offering pipeline this week, with five laying the groundwork to tap the public markets for $725 million, while three others set terms and another kicked off trading, highlighting a growing interest in floating portfolio companies rather than finding a buyer.

  • September 12, 2014

    Bain-Backed Call Center Co. Atento Aims For $1.6B IPO

    Bain Capital-backed Atento SA is planning an initial public offering valuing the call center operator up to $1.6 billion, with shares priced between $19 and $22, the Spanish company told regulators Friday, joining buzzing IPO activity days after launch rumors surfaced.

  • September 12, 2014

    CFTC Gives Bitcoin A Boost As First Swap Platform Approved

    The first regulated platform for trading bitcoin derivatives launched Friday after the U.S. Commodity Futures Trading Commission issued no objections to a plan by a New Jersey-based swap execution facility to offer a venue for hedging transactions.

  • September 12, 2014

    Market Rumors: Alibaba, AngloGold, European Central Bank

    Demand for Alibaba is so strong banks expect to close their order books early, while AngloGold has been pushed to boost the size of a planned share sale by South Africa's central bank.