Deal Lawyers

FEBRUARY 16, 2024

VC valuations continued to head south from their 2021-22 levels. IPOs were practical non-existent and the valuations for deals that did get done were pretty dismal, but this excerpt says there’s […] PitchBook recently published its 2023 Venture Capital Valuations Report, and not surprisingly, the news is pretty grim.

Valuation

TechCrunch: M&A

JULY 27, 2023

” Laplanche is referring to the BNPL-style product that Upgrade launched in October 2021, which lets users pay down their debt over six to 36 months with a fixed interest rate. . million users to the platform, and comes as Upgrade weighs an IPO. million users to the platform, and comes as Upgrade weighs an IPO.

Finance

Focus Investment Banking

JANUARY 18, 2024

The S&P 500 has recently traded near 4800, close to its record at the end of 2021. In that environment, very few firms sought IPOs, and there was a major slowdown in overall exits, whether private or public. It would be interesting to see if one of these PE firms decides to launch an IPO in 2024. As 2024 starts, the U.S.

IPO

The Harvard Law School Forum

OCTOBER 19, 2022

There are compelling rationales for adopting a dual-class structure, but even proponents of the structure generally acknowledge that these benefits are significantly mitigated once the dual-class shares are out of the hands of the founders and/or pre-IPO stockholders.

M&A

Growth Business

JUNE 8, 2023

In the UK, a downward trend for tech IPOs continued, with volumes falling to their lowest level last year in a decade. Global tech exits — through both IPOs and M&A — remain stagnant, with $21bn in value so far this year, compared to a peak of $177bn in 2020 and $166bn in 2021.

Investment

Cooley M&A

APRIL 1, 2022

The proposal arrives in the context of calls from various corners, including from SEC Chair Gary Gensler and former Acting Corp Fin Director John Coates, to treat SPACs as an alternative method of conducting an IPO under the SEC’s policy framework. (See See this PubCo post , this PubCo post and this PubCo post.) See this PubCo post.)

IPO

4Degrees

JANUARY 19, 2023

It’s 2023, and the bonanza of M&A deals and IPOs we experienced during the pandemic has dried out. 2022 was a dismal year for IPOs, with a meager 181 US IPOs compared to 1035 in 2021 and 480 the year before. On the M&A side, global market turbulence has affected the number of mergers and […]

IPO

The TRADE

DECEMBER 15, 2023

Having held the role since May 2021, Aguzin will be replaced by Bonnie Yiting Chan, who will assume the role on 24 May 2024 for a term of three years. Prior to that, she served as the head of IPO transactions, listing division, HKEX from 2007 to 2010. “It

IPO

Mergers and Inquisitions

OCTOBER 4, 2023

And that is exactly what happened when I watched Dumb Money , the movie about the GameStop short squeeze in 2021 , the other day. Oh, and lots of M&A , IPO , and SPAC deals were happening, so banks made plenty of “COVID hires,” often ignoring qualifications and recruiting norms. I wrote many articles about it.

Finance

The TRADE

FEBRUARY 29, 2024

We are also seeing an encouraging IPO pipeline for the London Stock Exchange. The Quantile transaction, first announced in 2021, was set to help the derivatives offering run more smoothly. David Schwimmer The data and analytics offering saw a 7.3% year-on-year increase, while capital markets saw a 6.1% In capital markets, the 6.1%

Trading

OfficeHours

JUNE 21, 2023

With M&A deals and IPO activity at their lowest levels since the peak in 2021, the old adage is proving true: “in bull markets, banks tend to over hire, and in bear markets, they over fire.” Leave on a good note Wall Street is a small industry. There’s no point in getting mad or holding grudges with your employer.

Investment Banking

The Deal

OCTOBER 17, 2023

Direct-to-consumer businesses, darlings of the investor community in 2021, saw their techlike valuations plummet. Public markets, however, have been tepid, with the much-awaited IPO of L Catterton Management Ltd. portfolio company Birkenstock GmbH & Co.

M&A

InvestmentBank.com

JANUARY 14, 2021

Second, the IPO market, a key exit avenue for VC investments, proved increasingly strong and resilient throughout the year. These were just a few of many strong IPOs seen this year. As of December 23rd, 2020, US stock markets saw 477 IPOs, more than doubling the 233 IPOs from 2019, at least 120 of which were venture-backed [14] [11].

Capital

Cooley M&A

SEPTEMBER 30, 2021

Judges selected finalists for the Transatlantic Corporate Team of the Year award based on standout corporate transactions in one of the following fields: IPOs, public M&A, private equity or corporate reorganizations.

Corporation

Mergers and Inquisitions

MARCH 13, 2024

Others would counter that growth equity’s rapid ascent was mostly due to the easy money that persisted between 2008 and 2021. This style is about purchasing minority stakes in cash-flow-negative-but-high-growth companies that want to scale and eventually go public or sell (think: Uber or Airbnb before their IPOs).

Private Equity

Wall Street Mojo

JANUARY 17, 2024

Statement of Cash Flows Definition A Statement of Cash Flow is an accounting document that tracks the incoming and outgoing cash and cash equivalents from a business. It helps identify the availability of liquid funds with the organization in a particular accounting period. It aids investors in analyzing the company's performance.

Accountant

Mergers and Inquisitions

NOVEMBER 22, 2023

The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal. I’m still listing it because it was #9 by global IB revenue in 2021 and 2022, but I would not be surprised if it fell off this list eventually. Why Have the Bulge Bracket Banks Changed?

Bulge Bracket

Cooley M&A

SEPTEMBER 16, 2022

There are compelling rationales for adopting a dual-class structure, but even proponents of the structure generally acknowledge that these benefits are significantly mitigated once the dual-class shares are out of the hands of the founders and/or pre-IPO stockholders.

M&A

Cooley M&A

MARCH 2, 2021

According to Nasdaq , in 2015, SPACs made up approximately 12% of the IPO market, but by 2020, that number had risen to approximately 53%. SPACs are predicted to be an even higher percentage of the 2021 market share, with SPACs representing 79% of the January IPOs. Why it matters.

Securities

Cooley M&A

JANUARY 25, 2023

Although 2022 saw a general decline in M&A activity in the life sciences industry compared to 2021’s frenetic pace (when deal volume was up 52% from 2020 ), life sciences deal flow in 2022 on balance remained strong despite the headwinds. Let’s dig in.

M&A

Growth Business

JULY 11, 2023

3) Aquis Stock Exchange Aquis Stock Exchange , run by NEX, allows businesses to raise capital through Initial Public Offerings (IPOs). >See >See also: Here’s how you undertake an IPO in the UK in the best way It’s a stock market which provides primary and secondary markets for equity and debt products.

Finance

Cooley M&A

JANUARY 10, 2022

As SPAC IPOs broke records – in both value and volume – in 2020 (and again in 2021), it was inevitable that stockholder litigation would follow. More than 50% of the SPACs that went public in 2020 and 2021 are incorporated in Delaware, giving particular significance to SPAC litigation filed in Delaware courts. Background.

Shares

Razorpay

AUGUST 9, 2023

Underwriting Services Merchant banks also provide underwriting services for initial public offerings (IPOs), private placements, follow-on public offerings (FPOs) and rights issues. This service helps companies to raise the required funds from the public. This saves valuable time and effort. It allows easy accounting software integration.

Bank

Mergers and Inquisitions

SEPTEMBER 11, 2024

For growth-stage companies, you will see plenty of equity offerings: IPOs , SPACs , PIPEs, and follow-on issuances. A good example is the 2020 – 2021 period, when SPAC activity went vertical, and plenty of renewable energy companies used SPACs to go public. How do tax credits work?

Investment Banking

The Deal

AUGUST 9, 2023

M&A is a central part of SymphonyAI’s growth strategy as the company prepares for a potential private placement and, eventually, an IPO. “We’re billion valuation in 2021. The recent purchase of data analytics company 1010data Inc. Our focus at SymphonyAI is all around enterprises.” raised $300 million at a $6.3

M&A

Growth Business

SEPTEMBER 13, 2023

Indeed, tech start-ups in London alone raised a record $26bn (£19bn) in funding in 2021, more than double the total in 2020. Indeed, tech start-ups in London alone raised a record $26bn (£19bn) in funding in 2021, more than double the total in 2020. Last year, venture capital raised £6.8 billion worth of investment. Contact: www.7pc.vc/contact

Capital

Growth Business

JUNE 1, 2023

The vital role of angel investing in growing the start-up ecosystem in the UK was equally recognised in Chancellor Rishi Sunak’s 2021 Autumn Budget with announcements of £150m in further funding for a regional angel investing programme. I am sector agnostic. I back people and ideas. This feeds into my next point. #5

Investors

Cooley M&A

APRIL 13, 2022

We have reviewed the bylaws of a number of corporations that have gone public through a deSPAC or traditional IPO process. Advance notice bylaws provide the procedural steps that need to be followed for directors to be nominated for election to a board. Looking ahead: Enhanced scrutiny won’t let a board off easy. One final word of caution.

Corporation

Focus Investment Banking

APRIL 14, 2024

From 2018 to 2021, the total number of bakery workers declined nearly 12%, leaving operators struggling to replace highly experienced talent. Jim has worked on numerous IPOs, sell-side transactions, fairness opinions, and capital raises, mainly for consumer products companies and restaurants.

M&A

Cooley M&A

JANUARY 20, 2022

Despite everyone’s efforts in 2021, including the rollout of vaccines and varying rounds of lockdowns and work-from-home mandates, a true “return to normal” for M&A dealmakers was foiled anew by COVID-19 and its variants. trillion during 2021 – an increase of 71% compared to 2020 – and accounted for 20% of the $5.9 trillion(!)

M&A

Cooley M&A

JANUARY 22, 2021

2020 was also a blockbuster year for special purpose acquisition company (SPAC) activity, as 247 SPAC IPOs raised more than $75 billion (a 525% increase compared to the amount raised by SPAC IPOs in 2019) [3]. Creative deal terms and financing arrangements were also attractive aspects of SPAC deals as compared to their IPO cousin.

M&A

Mergers and Inquisitions

APRIL 10, 2024

For example, in 2021, the NBA started allowing institutional investors to own up to 20% of single teams, which led Arctos to invest 5% in the Golden State Warriors (they later increased this stake to 13%). The MLB started allowing PE ownership in 2019, and the NHL followed suit in 2021.

Private Equity

Cooley M&A

JANUARY 20, 2022

Although the COVID-19 pandemic that defined 2020 continued to shape much of the life sciences industry in 2021, the way that it did was markedly different. 2] Examples of this strategy coming to bear in 2021 included Thermo Fisher Scientific’s acquisition of PPD for $17.4 approved prescription cannabidiol medicine to its portfolio.

M&A

Cooley M&A

FEBRUARY 1, 2024

However, unlike the go-go era of 2021, tech deals in 2023 tended to be bolt-on rather than transformative, took longer to get done, and required more creativity and bespoke structures. Private equity activity accounted for only 27% of tech M&A in 2023, a six-year low (and a substantial decrease from the 2021 record of 36%).

M&A

Cooley M&A

JANUARY 22, 2021

2020 was also the year of the SPACraze , with SPAC IPOs raising more than $75 billion in gross proceeds, a 525% increase compared to 2019. This may signal a promising development for early-stage life sciences companies seeking to go public in 2021. Life Sciences Enters the SPAC Party, But Will Reverse Merger Suitors Join In?

M&A

Cooley M&A

JANUARY 25, 2023

billion, a 36% decrease from 2021’s record high of $1.1 As was the case in 2021, software deals remained the strongest performer within the tech sector, representing approximately 90% of tech M&A deals. Deal volumes dropped from $531.13 billion [1] during the first half of 2022 to $189.17 trillion. [2]

M&A

TechCrunch: M&A

JUNE 26, 2023

Today, IBM made a big acquisition doubling down on the hybrid concept: it will pay $4.6 billion in cash to buy Apptio — which has built a platform to track how and where data lives in hybrid environments and how it’s being used, in particular how that tallies up in terms of financial and resource costs.

Management