Introduction On November 5th, the world’s highest-valued fintech company, Ant Group, had plans to list its shares on the Hong Kong and Shanghai Stock Exchanges in the largest IPO in history, aiming to raise a total of $37bn and to surpass Saudi Aramco’s record of $29bn from December last year. Read more…
Download PDF Introduction This article explores the short-term commercial financing landscape and the most important financial instruments therein. We elaborate on how the coronavirus affected short-term financing of SMEs and how institutions intervened to avoid large scale insolvencies. Subsequently, we detail the most important practices within trade finance and in Read more…
Download PDF The Telco Business The importance of the telecom industry has been brought to light in recent months as the global pandemic forced millions to work from home resulting in huge increases in reliance on mobile phone networks and broadband. The telecommunication sector, as a whole, can be Read more…
Download PDF Nexi (BIT:NEXI) – market cap as of 30th October 2020: €8.41bn SIA Group – Private Company Introduction On the 5th of October 2020, Nexi SpA and SIA SpA, two Italian financial companies specialising in payment solutions, announced a €15bn all-share merger, creating an Italian PayTech champion. Read more…
Download PDF London Stock Exchange Group(LON:LSE) – market cap as of 30th October 2020: £29.13bn Euronext (EPA:ENX) – market cap as of 30th October 2020: €6.23bn Introduction After long talks, The London Stock Exchange announced on Friday the 9 of October 2020 it will sell Borsa Italiana to Euronext Read more…
Download PDF Introduction In the past year Berkshire Hathaway slowly built a 5% stake in each of the 5 most important trading houses in Japan. The overall size of the transaction is ¥670bn ($6.3bn) and it was backed by a surprising ¥625.5 billion issuance of yen-denominated bonds made in September Read more…
Download PDF Introduction In this article we are going to provide an overview of the gaming industry and its trends starting from the more traditional console and pc which are moving toward the cloud, to the newest trends in the mobile gaming, such as hyper-casual games, to then finish with Read more…
Download PDF Devon Energy Corporation (DVN:NYSE) – market cap as of 9/10/2020: €3.9bn WPX Energy Inc. (WPX:NYSE) – market cap as of 9/10/2020: €3.0bn Introduction Following months of global lockdown and a fierce oil price war hitting highly indebted American oil producers, a new wave of consolidation in the Read more…
Download PDF Illumina, Inc. (ILMN: NASDAQ) – market cap 01/10/2020: $45.5bn Grail – privately held Introduction On September 21st, 2020, the biotech pioneer Illumina agreed to buy the cancer screening start-up Grail in a $8bn deal. Illumina will pay $3.5bn in cash and $4.5bn in common stock to finance Read more…
Download PDF Introduction Bullish tech valuations have companies flocking towards stock exchanges to make their debut on public markets. The IPO market is hot according to data from Zephyr, which says 53 companies worldwide went public in September1, a 331% increase compared to the same time last year. 22% Read more…
Download PDF CaixaBank (MCE: CABK.MC) – market cap as of 2/10/2020: €10.3bn Bankia (MCE: BKIA.MC) – market cap as of 2/10/2020: €3.55bn Introduction On the 18th of September, CaixaBank, a Spanish financial company, agreed to acquire in an all-share deal Bankia, a Spanish bank, valuing it at €4.3bn, a Read more…
Download PDF Introduction On July 17th 2020, in the midst of severe market volatility, Bill Ackman, the famed activist investor, raised the largest SPAC in history. With an IPO of $4bn, Pershing Square Tontine Holdings is just one of the many large SPAC fundraisings that have been conducted this year. Read more…
Download PDF Introduction After stalling in winter and spring 2020 due to the coronavirus, M&A activity picked up over the summer, fuelled by a bullish stock market. The situation remains dire however: according to MergerMarket data, companies have struck €620bn worth of M&A deals in the three months Read more…
Download PDF NVIDIA Corporation (NVDA : NASDAQ) – market cap 24/9/2020: $305.1bn ARM Holdings – privately held by Softbank Introduction On the 13th of September, Softbank agreed to sell its UK subsidiary Arm Holdings to Nvidia in a $40bn deal. The cash-and-stock transaction will be the largest in the Read more…
Donwload as PDF Introduction Challenged by innovation technology, artificial intelligence, fierce competition, stricter emission regulatory frameworks and the effects of Covid-19, the automotive industry is currently going through tough yet prosperous times. As the analysis will highlight, major trends and challenges are not only endangering the system, but also stimulating Read more…