Hints and tips:
...“They’re in a financial Hunger Games scenario, with each tribute hoping against hope that the odds will ever be in their favour.”...
...“There’s a good backlog of biotechs who didn’t go public over the past year or so who are sharpening their pencils again,” said Yasin Keshvargar, a capital markets partner at Davis Polk, the law firm....
...Bankers are now hopeful that IPOs will re-emerge once markets are calmer....
...The suitors will be hoping they’re in for a bargain. Sigma’s Canadian shares are down about one-third since September, reflecting the plunge in lithium prices....
...“These are pretty brutal businesses because you’re live 24/7.” But Parker himself shows no sign of letting up....
...“If you’re an investor and you’re looking at a start-up building infrastructure, it’s easier to understand who they’re selling to, what their business model looks like, and what their revenues can be,” said...
...Before he became the boss of stock exchange operator HKEX in 2010, Beijing-born Li had a varied career that included stints as a reporter at the state-owned China Daily newspaper, a lawyer at Davis Polk...
...“We knew [if] this leaks before we go to our partners, we’re dead,” said Dejonghe....
...Equity partners at Davis Polk & Wardwell took home $5.6mn in profit shares, 21 per cent less than the previous year, while Cadwalader, Wickersham & Taft partners’ profit share plunged 30 per cent....
...Although the turmoil was not as bad as the financial crisis, “you want to prevent the flood, but if you’re in the middle of the flood you have to do what you can to stabilise the situation”, she said....
...They’re barely a rounding error in the context of the banks’ global business, and are often lossmaking....
...In or around May 2022, as prices of crypto assets were dropping precipitously, several . . . lenders demanded re-payment from Alameda....
...“I think we’ll need to see some stabilisation in the outlook and investors stepping back in to buy existing public securities before they’re willing to move further out on the risk curve and buy tech IPOs...
...“Rather than start fresh after the mid-terms, we’re already somewhere in the game. It is serious to the extent that it will serve as the framework around stablecoins next year,” says Cooper....
...Davis Polk has hired James Dougherty, previously Jones Day’s global chair of M&A, as an M&A partner in New York....
...“They’re real companies . . . in the early 2000s when there was a bust, a lot of those companies affected were still concepts,” he added, citing companies such as Webvan, the grocery delivery group that...
...Davis Polk & Wardwell triggered a fresh spate of increases earlier this year when it announced first-year associates would be paid $202,500....
...“Everything is on hold at the moment,” said Derek Dostal, a capital markets partner at law firm Davis Polk....
...My daily commute on the California line takes me from gritty Polk Street and up past the beautiful Fairmont hotel....
...“But frustratingly and ironically, due to the company’s extraordinary stock performance, the equity awards appear high,” said Betty Huber, an attorney with Davis Polk....
...Allen & Overy has hired Ilona Potiha as a partner in its US leveraged finance practice, based in New York. She was previously counsel at Davis Polk & Wardwell....
...Davis Polk has hired Corey Goodman as a partner in its tax practice, based in New York. He joins from Cleary, Gottlieb, Steen & Hamilton....
...“We’re really comfortable that we’re paying a fair price here,” said Bob van Dijk, chief executive of Naspers and Prosus, adding that BillDesk was “standalone, already a tremendously attractive business”...
...“A fintech entrepreneur in the US basically builds things on top of existing really good rails . . . Fintech entrepreneurs in India or Indonesia, they’re building everything.”...
...In June, elite US firm Milbank set a $200,000 salary benchmark for first-year associates, which was immediately topped by rival Davis Polk — only for Milbank and others to match the higher figure....
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