Wall Street banks have long been accused of ignoring conflicts or playing both sides in a deal. That’s not stopping them from both advising Markit Ltd. on its initial public offering and standing to reap as much as $1 billion as owners of the financial-data provider.
Renren Inc. , China’s biggest social- networking website by page views, is seeking a valuation more than double that of Facebook Inc. as it aims to raise as much as $743.4 million in a U.S. initial public offering today.
The initial public offering of Brixmor Property Group, the second-largest U.S. shopping center landlord, may be the biggest for a retail real estate investment trust since Simon Property Group Inc.’s IPO 20 years ago.
Investment bankers for General Motors Co. have met with sovereign wealth funds and private investors in the Middle East and Asia to gauge interest in the automaker’s planned stock sale, said two people familiar with the meetings.
Brixmor Property Group, the second- largest U.S. shopping-center landlord, filed to go public, part of owner Blackstone Group LP’s plan to exit property investments after markets recovered from the financial crisis.
Monthly filings for U.S. initial public offerings in April are at the highest in more than three years as companies including Jiayuan.com International Ltd. and BrightSource Energy Inc. seek to raise capital, Renaissance Capital LLC said.