More Assertive SEC Smacks Down SPACs: Viewpoint April 21, 2021 By Chris Bryant, Bloomberg Opinion Investor Jeremy Grantham says special purpose acquisition companies, which raise money in an initial public offering and then find a...
China’s Ant Eyes Options to Divest Founder’s Stake as Beijing Pressure Grows: Sources April 19, 2021 By Julie Zhu HONG KONG – Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology...
Hallmark Financial Plans to Pursue IPO of Specialty Commercial Business April 15, 2021 Hallmark Financial Services Inc., a property/casualty insurance company with three business segments – Specialty Commercial, Standard Commercial and Personal –...
British Cyber Security Company Darktrace Plans $4 Billion London Listing April 13, 2021 By Paul Sandle and Abhinav Ramnarayan LONDON – Darktrace, the British cyber security firm backed by tech entrepreneur Mike Lynch, fired the gun on its $4...
SEC Throws Another Wrench into Wall Street’s SPAC Machine April 13, 2021 By Ben Bain, Heather Perlberg, Gillian Tan and Crystal Tse U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to...
Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources April 12, 2021 SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S....
SEC Warns SPACs Aren’t a Way to Avoid Securities Laws April 9, 2021 By Ben Bain The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around...
Indian Insurtech Policybazaar Plans Mumbai IPO April 7, 2021 By Baiju Kalesh Indian online insurance platform Policybazaar is planning to file a draft prospectus as soon as next month for its Mumbai...
SPAC Mania Anxiety Grows; Bankers, Regulators, Insurers Try to Keep Pace April 1, 2021 By Gillian Tan, Ben Bain, Heather Perlberg and Crystal Tse Anxiety is growing that the wellspring of special-purpose acquisition companies, a 2020s echo of the dot-com mania of the 1990s,...
Hong Kong Developing SPAC Framework – But Lack of D&O Insurance Could Be Issue March 31, 2021 By Kiuyan Wong Hong Kong is expected to have its own blank check company listing framework ready in June for public feedback and...