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Capital Markets

  • November 19, 2014

    3 Tips To Keep Social Media From Screwing Up Your IPO

    With social media being used more widely than ever and with its influence in the business world growing, it's important to make sure that a rogue tweet or Facebook status doesn't derail your initial public offering. Here, experts share three tips that can help ensure social media doesn't cause trouble for your IPO.

  • November 19, 2014

    Market Rumors: FlyDubai, Deutsche Bank, PetSmart

    Government-owned budget airliner FlyDubai raised $500 million from its debut bond sale, while Deutsche Bank has ended its $6.3 billion debt-raising program after selling $1.5 billion in so-called AT1 bonds.

  • November 19, 2014

    Shareholder Doubt Kills $2.3B Samsung Companies Merger

    Samsung Group subsidiaries Samsung Heavy Industries Co. and Samsung Engineering Co. on Wednesday decided to cancel a 2.5 trillion won ($2.3 billion) merger deal because of high share buyback costs, after many Samsung investors demanded the opportunity to cash in on their shares. 

  • November 19, 2014

    FERC Primed For Battles Over Market Manipulation, Chair Says

    Through settlements and show-cause orders, the Federal Energy Regulatory Commission is laying a strong foundation for looming fights over what conduct constitutes energy market manipulation, but investigation targets can't get away with simply claiming that they're taking advantage of inherent market flaws, Chairwoman Cheryl LaFleur said in an exclusive interview with Law360.

  • November 19, 2014

    Goodwin Procter Leads Paramount In Largest-Ever REIT IPO

    Paramount Group Inc. raised $2.29 billion in an initial public offering led by Goodwin Procter LLP before kicking off trading on the New York Stock Exchange on Wednesday, making it the largest-ever IPO of a real estate investment trust and the second REIT this week to go public.

  • November 19, 2014

    Robbins Geller FOIA Suit Puts Pressure On Wal-Mart

    Robbins Geller Rudman & Dowd LLP's bid for documents from the government's probe into alleged foreign bribery by Wal-Mart Stores Inc. will likely be trumped by a powerful exemption to the Freedom of Information Act, but experts say the suit ramps up pressure on the retailer to be more transparent with shareholders.

  • November 19, 2014

    MediBank IPO Max Price Raised To $5.4B On Strong Demand

    The Australian government has raised the price range maximum for the upcoming initial public offering of state-owned health insurer Medibank Private Ltd. from AU$5.5 billion (US$4.7 billion) to AU$6.3 billion (US$5.4 billion) due to overwhelming interest from institutional investors, the finance ministry said Wednesday.

  • November 19, 2014

    Cancer Biotech Co. Bellicum Pharma Files For $115M IPO

    Cancer-focused drug company Bellicum Pharmaceuticals Inc. filed for a $115 million initial public offering Tuesday, seeking capital to develop innovative medicines that fight disease by harnessing the body’s immune system, joining a wave of biotechs going public in 2014.

  • November 19, 2014

    Expect More FCPA Cases Against Individuals, DOJ Warns

    Assistant Attorney General Leslie R. Caldwell said on Wednesday that the U.S. Department of Justice will continue to turn its Foreign Corrupt Practices Act prosecution efforts toward individual wrongdoers rather than companies at large, praising foreign governments and partners for helping root out bad actors.

  • November 19, 2014

    Unified SEC Adopts Trading-Tech Glitch Regulations

    The U.S. Securities and Exchange Commission on Wednesday unanimously voted to impose new rules governing how stock exchanges, dark pools and other key market participants prevent and respond to disruptive technology glitches like the one that botched Facebook Inc.’s initial public offering two years ago.

  • November 18, 2014

    Law360 MVP Awards Go To Legal Aces From 78 Firms

    Beginning this week, Law360 will profile those elite attorneys whose successes in high-stakes litigation, record-breaking deals and complex global matters earned them a spot on this year's list of MVP award winners.

  • November 18, 2014

    For Better Or Worse, SEC's Whistleblower Office Will Grow

    Though the U.S. Securities and Exchange Commission may have tried to assuage corporate fears by revealing new information about its Dodd-Frank-mandated whistleblower office in its 2014 report to Congress, the agency's ultimate message was clear: The program is only going to continue to grow.

  • November 18, 2014

    French Biotech Files For $100M US IPO To Boost R&D

    French biotech firm Advanced Accelerator Applications SA, which makes imaging tracers used in PET scans and other diagnostic products and is developing a treatment for a type of tumor, on Monday filed with U.S. regulators to raise up to $100 million in an initial public offering to expand its research and development.

  • November 18, 2014

    Australian Nursing Home Co. Plans IPO Of Up To $726M

    Private equity-backed Australian senior care company Estia Health Limited on Monday filed plans for a roughly AU$834 million (US$726 million) initial public offering, continuing a trend of large health companies' big debuts on Australia's exchange this year.

  • November 18, 2014

    Pinnacle Foods Plans $650M Follow-On Offering

    Blackstone Group-backed Pinnacle Foods Inc. said Monday it will issue a secondary offering of 20 million shares that could raise $650 million, after which it plans to repurchase one million shares to partly offset the dilution.

  • November 18, 2014

    Aussie Cloud Tech Co. Aconex Looks to Raise $122M In IPO

    Australian cloud technology company Aconex Ltd. said Monday it aims raise A$140 million ($122 million) in an initial public offering that it hopes will increase the company’s global visibility and scale as private equity firm Francisco Partners seeks an exit.

  • November 18, 2014

    Market Rumors: Johnson & Johnson, Roots Group, Alibaba

    Johnson & Johnson increased a proposed bond offering to $2 billion, while Saudi Arabia's Roots Group Arabia is said to be replacing JPMorgan as financial adviser on its upcoming IPO.

  • November 18, 2014

    5 Ways To Boost An IPO For A No-Profit, Low-Revenue Issuer

    A generally strong appetite for initial public offerings this year has lured young companies to the public markets in droves, including a slew in the life sciences and tech sectors that are testing their luck despite a lack of proven financial success thus far. Here, Law360 outlines five strategies to dress up an IPO candidate that looks weak on paper.

  • November 18, 2014

    Blackstone Launches $410M Sale Of La Quinta Shares

    The Blackstone Group LP launched an offering of 20 million of its shares in La Quinta Holdings Inc., setting the stage to raise roughly $410 million as the private equity firm trims its holding by about 15 percent seven months after the hotel chain went public, according to a statement Monday.

  • November 18, 2014

    No-Show Puda Coal Found Liable In Investors’ Bogus-IPO Suit

    The Southern District of New York on Tuesday entered a default judgment against Chinese company Puda Coal Securities Inc., which had been sued by an investor class for selling its sole asset to a private equity firm without telling investors for months and lying about its IPO plans.