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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....
...The deal will greatly expand Home Depot’s reach among contractors and builders....
...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...
...Homebuilder confidence this month dropped to its lowest level since January as higher rates drove some buyers away and raised construction costs, the National Association of Home Builders said....
...In Germany, a more fragmented market means smaller and less resilient builders. That means consolidation is coming, with opportunities for distressed investors....
...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....
...Management is free to do with them as they please, whether that means spinning them off to shareholders or selling them and distributing the proceeds to equity or other junior stakeholders....
...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....
...Nunes, a former Republican congressman, named four equities market makers in his letter: Citadel Securities, Virtu, Jane Street and G1 Execution Services....
...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?...
...Shares opened up 38 per cent on Thursday, but Reddit’s equity value is still below its last valuation as a private company....
...“Bottom line: supply is short, demand is returning to affordable offerings, and builders will need to produce more homes to fill the void,” Lennar executive chair Stuart Miller said on the Miami-based builder...
...Outside of these names, the broader earnings outlook for the equity world is muted.”...
...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?
Share sale follows investor’s admission that an earlier cut to its holding may have been a mistake
...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....
...BlackRock’s US Equity Factor Rotation ETF (DYNF) is another to be swept up by the model portfolio tide....
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