Unstructured Finance

Deals wrap: MGM China IPO may be a gamble for investors

May 27, 2011

Macau casino operator MGM China, co-owned in part by casino mogul Stanley Ho’s daughter Pansy Ho, raised $1.5 billion from its Hong Kong initial public offering after pricing it at the top of its indicative range, triggering some concerns about lofty valuations.

Deals wrap: Treasury sells stake of AIG

May 25, 2011

The Treasury made a small profit when it sold a portion of its shares in AIG, but it was unclear how its investment in the beleaguered insurer will ultimately fare.

Deals wrap: Jimmy Choo sold to Labelux

May 23, 2011

Upscale British shoemaker and retailer Jimmy Choo was bought by luxury goods group Labelux from TowerBrook Capital Partners, the companies said.

Deals wrap: Copycats sure to follow LinkedIn

May 20, 2011

A day after LinkedIn’s shares more than doubled in their public trading debut, analysts are scrambling to explain why the stock exploded and figure out what happens next.

Deals wrap: Glencore debuts while markets await LinkedIn

May 19, 2011

Commodities trader Glencore made a steady market debut with shares trading just above the widely expected launch price of 530 pence, giving it solid currency for potential acquisitions.

Deals wrap: Investors willing to overlook LinkedIn’s risks

May 18, 2011

LinkedIn’s IPO, which is expected to price after the close of U.S. markets on Wednesday and start trading on Thursday, appears set to be a stunning success, but it carries a number of risks that may shake up investors in the future.

Deals wrap: LinkedIn boosts IPO, pushes more air into bubble

May 17, 2011

LinkedIn, the social networking site for professionals, boosted the pricing of its initial public offering by 30 percent valuing the 9-year old company at a little over $4 billion, or about 17 times their 2010 revenue.

Deals wrap: AIG’s $9 billion stock offer less than half of what was expected

May 11, 2011

American International Group and the Treasury will sell nearly $9 billion in stock as the bailed-out insurer begins its return to public control. This offering is less than half of what had been expected when Wall Street banks offered their services to manage the stock sale in January. The company was rescued in September 2008, receiving $182 billion in bailouts and managed to restructure while preserving two core businesses. At the time, few expected AIG would even exist today.

Deals wrap: M&A is back

January 28, 2011

A sign is pictured on Wall St. near the New York Stock Exchange in New York November 25, 2008. REUTERS/Lucas Jackson Dealmaking is back on the agenda as CEOs step up the hunt for ways to put a multitrillion-dollar cash pile to work, triggering the busiest January for M&A in 11 years.

Deals wrap: LinkedIn’s IPO plans

January 6, 2011

The Wall Street sign is seen outside the New York Stock Exchange, March 26, 2009.   REUTERS/Chip EastLinkedIn plans to go public in 2011 and has selected its financial underwriters, three sources familiar with the process told Reuters.