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