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Bank of America downgrades hot IPO and Nvidia derivative CoreWeave, citing valuation

CNBC: Investing

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IPO 100
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US Capital Markets Midyear Report: The Revival of IPOs and a Possible Turning Point

JD Supra: Mergers

capital markets’ resilience and ability to adapt, IPOs, debt markets and mergers and acquisitions (and related financings) have shown substantial increases over 2023. As a testament to the U.S.

IPO 183
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SEC Expands Confidential Filings to Facilitate Planning for IPOs

JD Supra: Mergers

The SEC announced that its Division of Corporation Finance is further facilitating capital formation by enhancing the accommodations available to companies for nonpublic review of draft registration statements. By: Stinson - Corporate & Securities Law Blog

IPO 177
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Analysts move to the sidelines on CoreWeave stock after big surge since IPO

CNBC: Investing

Its initial public offering earlier this year was the biggest technology IPO since 2021. Analysts at Mizuho Securities and Stifel downgraded the artificial intelligence cloud computing stock to hold in the last 24 hours. Mizuho's $150 per share target implies a slide of about 6%, while Citi's $160 forecast is roughly 0.1%

IPO 74
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SPAC Litigation Mid-Year Update: Delaware Opens the Gates

JD Supra: Mergers

With SPAC IPOs virtually gone but SPAC mergers (aka de-SPACs) continuing at a steady pace since the beginning of the year, the questions around getting a deal done boil down to the following: How and where can companies get financing now that the PIPE (private investment in public equity) market has dried up?

IPO 246
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Tax Planning Transformed: A Look at 20 Years of Evolution

JD Supra: Mergers

In mergers and acquisitions, IPO planning, and corporate restructurings, tax professionals were often brought in late in the process to "clean up" or validate decisions already made by legal, finance, or operational teams. Tax implications were often a secondary concern. By: Opportune LLP

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Wall Street loves this recent IPO with one analyst calling it the ‘social network trading platform’

CNBC: Investing

The stock opened that day at $69.69, or 34% above its IPO, and closed up nearly 29% at $67 per share. The overwhelming positive sentiment from Wall Street has rewarded the company's decision to go public after a lengthy dry spell for IPOs. Here's what analysts at some of the biggest shops on Wall Street had to say on the IPO.

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