Capital Markets Law360 provides breaking news and analysis on the capital markets sector. Coverage includes stock and bond offerings, mortgage-backed securities, foreign exchange, follow-on offerings, and debt deals, as well as related litigation and policy developments.
Eleven firms are set to steer five initial public offerings that could exceed $1.5 billion during the week of March 18, featuring a private equity-backed software firm, iconic jeans maker Levi Strauss & Co. and blank check companies hunting for acquisitions as a busy spring dawns.
Venezuela will ask a World Trade Organization panel to decide whether U.S. sanctions on its goods, services, debt and government-backed cryptocurrency violate international trade rules after efforts to resolve the dispute bilaterally fell short, according to a WTO agenda circulated Friday.
The U.S. Securities and Exchange Commission is asking investment advisers if blockchain would help them track client assets and whether they consider tokens and cryptocurrencies to be securities or funds, incorporating new technology into the agency's evaluation of asset-custody regulations.
More tremors emanated Friday from a hotly contested Dell Technologies Inc. stock reclassification that closed in December, with Bernstein Litowitz Berger & Grossmann LLP and Quinn Emanuel Urquhart & Sullivan LLP attorneys airing sometimes testy arguments for becoming the class lead in a potentially multibillion-dollar Chancery Court deal challenge.
Caixa is reportedly on the verge of selling its stake in Petroleo Brasileiro, British online mortgage marketplace LendInvest hopes to be valued at roughly £500 million ($664 million) in an upcoming initial public offering, and Deutsche Bank wants assurance from the German government that it would support a merger with Commerzbank.