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Trading Day: Geopolitical reality check

Trading Day: Geopolitical reality check

By Jamie McGeever ORLANDO, Florida, April 23 (Reuters) - Oil prices jumped and Wall Street fell on Thursday, with the Nasdaq having its worst day in a month, as fading hopes of a U.S.-Iran peace deal soured recent optimism around the U.S. earnings season and tech companies in particular.
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Convenience store chain Yesway climbs in Nasdaq debut as IPO market recovers

Convenience store chain Yesway climbs in Nasdaq debut as IPO market recovers

By Manya Saini April 22 (Reuters) - Convenience store operator Yesway's shares jumped 10% in their Nasdaq debut on Wednesday, signaling a revival in investor appetite for new listings as equity markets hover near record highs.
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Exclusive-Thoma Bravo nears agreement to turn software firm Medallia over to creditors, sources say

Exclusive-Thoma Bravo nears agreement to turn software firm Medallia over to creditors, sources say

By Milana Vinn and Isla Binnie NEW YORK, April 22 (Reuters) - Private equity firm Thoma Bravo is nearing an agreement to hand over software firm Medallia to its lenders, wrapping up months of restructuring negotiations, according to two people familiar with the matter.
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Blackstone's first-quarter profit gets boost from investment gains

Blackstone's first-quarter profit gets boost from investment gains

By Isla Binnie April 23 (Reuters) - Blackstone, the world's largest alternative asset manager, posted on Thursday rising inflows and a jump in income from cashing in on investments for the first quarter, a period in which markets were buffeted by war and economic uncertainty.
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Tailored Brands Plans Second IPO After Bankruptcy Recovery

Tailored Brands Plans Second IPO After Bankruptcy Recovery

Tailored Brands Plans Second IPO After Bankruptcy Recovery
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Revolut Targets $200 Billion Valuation in Future IPO

Revolut Targets $200 Billion Valuation in Future IPO

Revolut Targets $200 Billion Valuation in Future IPO
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Convenience store owner Yesway raises $280 million in US IPO

Convenience store owner Yesway raises $280 million in US IPO

April 21 (Reuters) - Convenience store owner Yesway said on Tuesday it had raised $280 million in its U.S. initial public offering.    The Fort Worth, Texas-based company sold 14 million shares in its offering at $20 apiece, at the lower end of its marketed range of $20 to $23 per share.
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Wealth Advisers Earn Over $2 Billion in Fees as Retail Access to Private Markets Expands

Wealth Advisers Earn Over $2 Billion in Fees as Retail Access to Private Markets Expands

Wealth Advisers Earn Over $2 Billion in Fees as Retail Access to Private Markets Expands
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Jersey Mike's Files for IPO Following $8 Billion Valuation and International Expansion

Jersey Mike's Files for IPO Following $8 Billion Valuation and International Expansion

Jersey Mike's Files for IPO Following $8 Billion Valuation and International Expansion
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Exclusive-Belgium's Kpler launches minority stake sale valuing firm at up to $5 billion, sources say

Exclusive-Belgium's Kpler launches minority stake sale valuing firm at up to $5 billion, sources say

By Amy-Jo Crowley and Milana Vinn LONDON, April 21 (Reuters) - Commodities data and analytics firm Kpler has launched a sale process for a large minority stake that could value the company at nearly $5 billion, according to two people with knowledge of the matter.
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Alternative asset managers brace for investor test over AI, redemptions

Alternative asset managers brace for investor test over AI, redemptions

By Manya Saini, Isla Binnie and Arasu Kannagi Basil April 21 (Reuters) - Wall Street's largest alternative asset managers face a critical test in the coming weeks as they try to convince investors that concerns over AI disruption to their portfolio companies and a pullback in retail private credit
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South Korean Police Seek Arrest of Hybe Chairman Bang Si-Hyuk Over Investor Fraud Allegations

South Korean Police Seek Arrest of Hybe Chairman Bang Si-Hyuk Over Investor Fraud Allegations

South Korean police are pursuing the arrest of Bang Si-Hyuk, the chairman of Hybe, the agency behind the globally successful K-pop group BTS. The Seoul Metropolitan Police Agency has requested a court warrant for Bang's arrest as part of an investigation into allegations of investor fraud. Bang is accused of misleading investors in 2019 by claiming that Hybe had no plans to go public, which allegedly led investors to sell their shares to a private equity fund. This fund reportedly paid Bang approximately $136 million in a side deal. Despite these allegations, Bang's legal team has expressed regret over the arrest request, maintaining that Bang denies any wrongdoing. This development comes as BTS resumes global activities following a hiatus due to mandatory military service.