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Capital Markets

  • September 24, 2014

    Medley Management Misses $150M Mark In IPO

    New York-based alternative asset manager Medley Management Inc. said on Tuesday that it has raised $108 million in its initial public offering, $42 million less than the $150 million target the company laid out in late August.

  • September 24, 2014

    Calif. Ups Green Bond Offering By $100M Due To High Demand

    Strong demand has seen California expand its inaugural “green bond” offering by $100 million as part of a successful $2.37 billion general bond offering, the state treasurer's office announced Tuesday.

  • September 23, 2014

    Cooley Adds Ex-Latham Capital Markets, M&A Partner

    Cooley LLP said Tuesday it picked up a former Latham & Watkins LLP partner experienced in debt offerings for technology companies and securities law issues to amp up its capital markets, mergers and acquisitions, and corporate law practices.

  • September 23, 2014

    SEC Charges Two Florida Attys With Aiding Offering Fraud

    The U.S. Securities and Exchange Commission on Tuesday charged two Florida attorneys with playing a part in an offering fraud that swindled investors of $3.3 million by selling counterfeit stock certificates via cold calls.

  • September 23, 2014

    $8.3M Commodity Pool Runner Pleads Guilty To Ponzi Scheme

    An Ohio commodity pool operator pled guilty on Tuesday to running an $8.3 million Ponzi scheme, and was also hit with a parallel civil suit by the Commodity Futures Trading Commission over the fraud, which abused investment funds from at least 40 people.

  • September 23, 2014

    Sysco Plans Notes Offering To Fund $3.8B US Foods Buy

    Sysco Corp. said Tuesday that it plans to issue unsecured notes in a public offering as it seeks a capital infusion to fund its proposed $3.8 billion merger with US Foods Inc., a combination of the food distribution giants that’s being closely scrutinized by antitrust regulators.

  • September 23, 2014

    German Co. Rocket Internet Plans $1.9B IPO

    German venture capital firm Rocket Internet said Tuesday it plans to raise about €1.5 billion ($1.9 billion) in its initial public offering, aspiring to become the dominant e-commerce company of emerging countries in a market buzzing after the arrival of China’s Alibaba Group Holding Ltd.

  • September 23, 2014

    SEC Fines Transfer Agent For Missing Microcap Red Flags

    The U.S. Securities and Exchange Commission on Tuesday said it has fined a New Jersey-based stock transfer agent and its former chief executive to settle claims that the firm ignored “blatant red flags” around the activities of alleged penny stock fraud, in the latest sign of the agency’s pledge to crack down on so-called gatekeepers who fail to stop misconduct.

  • September 23, 2014

    HCA Shareholders Win Cert. In $4.3B IPO Suit

    A Tennessee federal judge on Monday certified a class of HCA Holdings Inc. shareholders who claim the health care giant, before its $4.3 billion initial public offering, failed to tell investors about unnecessary heart procedures performed in hospitals across the country.

  • September 23, 2014

    Market Rumors: Alibaba, BNP Paribas, Elementia

    The finance arm of e-commerce giant Alibaba is working to create a $163 billion marketplace for small business and individual loans while BNP Paribas' Chairman is preparing to step down three months after the French bank plead guilty to violating U.S. sanctions.

  • September 23, 2014

    Shoe Designer Jimmy Choo Struts Toward London IPO

    Luxury shoe designer Jimmy Choo Ltd. is planning an initial public offering in London as it looks to expand its presence in Asia, the company said Tuesday, confirming rumors that the exclusive brand best known for stiletto heels has been eyeing a public debut.

  • September 23, 2014

    PE-Backed JP Energy Sets Terms For $332M IPO

    Private equity-backed JP Energy Partners LP set terms Monday for an up to $332 million initial public offering, making the Texas midstream oil and gas company the latest in a crop of energy companies flocking to the public markets amid a U.S. shale boom.

  • September 23, 2014

    Colombia's Largest Bank Group Draws $1.1B In US IPO

    Grupo Aval Acciones y Valores SA, Colombia’s largest banking group, raked in $1.1 billion in its U.S. initial public offering on Tuesday to boost capital at its banking units, after pricing its American depository shares at $13.50 apiece, according to a statement.

  • September 23, 2014

    Old Mutual's US Asset Management Arm Eyes $374M IPO

    OM Asset Management Ltd., the U.S. business of British financial services and insurance firm Old Mutual PLC, told regulators Tuesday that it is seeking to raise up to $374 million through its initial public offering, joining a buzzing IPO market.

  • September 22, 2014

    SEC Welcomes Foreign Whistleblowers Though Courts Don’t

    As it doled out a record-smashing whistleblower award on Monday, the U.S. Securities and Exchange Commission sent a clear signal that it remains open to overseas tipsters even after a top federal court curtailed their right to sue.

  • September 22, 2014

    Tower Research Settles CME Claim Over HF Wash Trades

    CME Group Inc. said Monday that Tower Research Capital LLC has agreed to settle two disciplinary actions over violations of CME and Chicago Board of Trade rules, including one regarding prohibited wash trades, shortly after Tower's Latour Trading LLC unit got a $16 million SEC fine for capital cushion failures.

  • September 22, 2014

    BlackRock Pushes For Corporate Bond Market Overhaul

    BlackRock, the world’s largest asset manager, called for an overhaul of the corporate bond market in a paper released on Monday, outlining four major reforms “to fix” corporate fixed-income markets by improving liquidity.

  • September 22, 2014

    Market Rumors: Jimmy Choo, Singapore Exchange

    Jimmy Choo could lay out its plans for a London IPO as soon as Tuesday while the SGX is gearing up to welcome Chinese companies.

  • September 22, 2014

    Parkway Properties To Pay $475M For Office Portfolio

    Real estate investment trust Parkway Properties Inc. said Monday it will spend $475 million to purchase 22 office properties, including three in Tampa, Florida, and that it will finance the transaction by offering 10 million shares of common stock.

  • September 22, 2014

    Wells Fargo To Pay $5M Over Insider-Trading Issues

    Wells Fargo Advisors LLC will pay $5 million over data-control failures that facilitated insider trading on Burger King's $4 billion go-private deal with 3G Capital, as well as recalcitrance during the investigation, the U.S. Securities and Exchange Commission said on Monday — and the bank will also admit wrongdoing.