Porsche is a great company. Shame on the government.

Porsche is a great company.  Shame on the government.

Porsche makes a strong argument that it shares the attractions of the best luxury brands: a growing market, high margins and economic robustness. But the German sports car manufacturer also comes with the common weakness of luxury: a powerful controlling shareholder. On Monday, dr. Ing. hc F. Porsche, as the company is formally known, said … Read more

Porsche is a great company. Shame on the government.

Porsche is a great company.  Shame on the government.

Porsche makes a strong argument that it shares the attractions of the best luxury brands: a growing market, high margins and economic robustness. But the German sports car manufacturer also comes with the common weakness of luxury: a powerful controlling shareholder. On Monday, dr. Ing. hc F. Porsche, as the company is formally known, said … Read more

Hong Kong IPO market thaws but new listings stumble in debut

Hong Kong IPO market thaws but new listings stumble in debut

The busiest day for new IPOs in Hong Kong for more than a year proved to be a disappointing day for investors. Four companies had their debut on the city’s stock exchange on Wednesday, led by the giant Chinese lithium producer Tianqi lithium which recently completed a $ 1.7 billion share sale that ranked as … Read more

After a fall of 91%, Hong Kong’s stock market is showing signs of life

After a fall of 91%, Hong Kong’s stock market is showing signs of life

Hong Kong’s stock markets are rising after a punitive first half for what has long been one of the world’s largest stock issuance venues. An upswing in stock market listings and other stock sales would be welcome news for the many companies eager to attract investors in the city for funds. It would also be … Read more

Venture capital feels the pain of the stock market

Venture capital feels the pain of the stock market

Journal Reports: Personal Investment The few mutual fund managers who avoided the debacle By Suzanne McGee July 4, 2022, at 9:30 ET In the painful 12 months for mutual funds, only a handful of mutual fund managers managed to scrape together a positive return – while most succumbed to losses.

Investment banks are preparing for lean times, like deal Spree Sputters

Investment banks are preparing for lean times, like deal Spree Sputters

Wall Street’s most recent boom began to weaken in 2022. The industry is preparing for the downturn to drag on into the second half of the year. The stimulus from governments and central banks in response to the pandemic led to a rapid recovery from a recession and booming capital markets. This recovery, combined with … Read more

While large share sales and IPOs stall, energy investors are making hay

While large share sales and IPOs stall, energy investors are making hay

With falling stock indices, rising interest rates and hot inflation, it has become almost impossible for companies or investors to sell large chunks of stocks or go public at the price they want. Unless you are in energy where business is booming. EnerVest Ltd., a Houston-based private equity firm that focuses on energy investments, said … Read more

Forget flying taxis – down-to-earth businesses are now the primary SPAC targets

Forget flying taxis – down-to-earth businesses are now the primary SPAC targets

Boring is better in the beaten world of SPACs right now. At the height of the boom in special-purpose acquisition companies, speculative merger targets such as electric car manufacturers and flying taxi startups ruled the day. But people who track and make SPAC deals say the types of unprofitable companies that became popular with SPAC … Read more

Companies raise less capital when markets fall, interest rates rise

Companies raise less capital when markets fall, interest rates rise

In the fight against high inflation, rising interest rates and economic uncertainty, companies raised less capital in the markets during the first half of the year compared to the first six months of 2021, when inflation was not so high and many companies took advantage of cheap financing to replace higher-priced debt. The Federal Reserve, … Read more

Panera Bread Scrap’s IPO deal with Danny Meyer’s SPAC

Panera Bread Scrap’s IPO deal with Danny Meyer’s SPAC

Panera Bread’s parent company will no longer announce a deal where it would have received backing from the restaurateur Danny Meyer‘s special acquisition company, the latest deal fell apart due to financial uncertainty. Panera Brands Inc., which owns its name chain, Caribou Coffee and Einstein Bros. Bagels, last year entered into an agreement with Mr. … Read more