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...Wellhub’s most recent funding round last year raised $85mn from investors led by EQT Growth, an arm of the European private equity giant, giving it a valuation of $2.4bn....
...That is due not only to the greater number of retail investors trading the stocks, but also to the growing popularity of sometimes-controversial equity fundraisings that can flood the market with new shares...
...In March, private equity group Permira agreed to sell fund administrator Alter Domus to rival Cinven in a €4.9bn transaction....
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...Further reading— Norway says ‘nei’ to private equity...
...The equity strategists we follow have seemed mostly unworried about sentiment....
But the boost to liquidity can prove shortlived
...The “secondaries” market — of private equity investors buying and selling existing stakes in funds and private equity groups moving assets from older to new funds — was another bright spot....
...Euphoria calling Just about every flavour of equity — not just big cap US tech — is rallying hard, as we pointed out yesterday. Then, we put a vaguely positive spin on this fact....
...Shares opened up 38 per cent on Thursday, but Reddit’s equity value is still below its last valuation as a private company....
...The share price rose before tailing off at the end of the day: A price of $60 implies equity value of $12bn, for a company with current revenues of just a few million....
...So, we are in a general equity rally, not a US big cap tech rally. Does the distinction matter?...
...Outside of these names, the broader earnings outlook for the equity world is muted.”...
Share sale follows investor’s admission that an earlier cut to its holding may have been a mistake
...Flows into equity ETFs totalled €36.8bn during the period, a slight increase on the previous quarter, signalling investors were keen to continue riding the rally in global equity markets, particularly the...
Zero-problem options?
...BlackRock’s US Equity Factor Rotation ETF (DYNF) is another to be swept up by the model portfolio tide....
...Musk has long claimed to be cash poor, with the majority of his wealth tied up in Tesla and SpaceX equity....
...One banker described the success of the Galderma deal as “a sigh of relief” for private equity....
...Paul Hastings has hired Alexander Temel as global co-chair of the firm’s private equity practice. He previously worked for Sidley Austin....
...BlackRock has rolled out two actively managed equity exchange traded funds for European investors. The Ireland-domiciled iShares World Equity High Income and iShares U.S....
...He is also set to receive additional equity awards as a result of the listing valuing the company at more than $5bn. The restricted stock units could be worth about $21mn....
And a reply to Dara Khosrowshahi
...Over the past 20 years, their picks have now beaten 97 per cent of all US equity funds....
...Pelham Smithers, a veteran strategist of Tokyo equities, said: “We have had some strange days on the Japanese market this year, but possibly none stranger than today.”...
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