Since 2019, the number of billion-dollar, venture-backed companies in the world has grown from 223 to 704 with a combined value of $2.3 trillion. Becoming a unicorn has been the ideal for many tech startups: it feeds the ego, leads to
Finance Articles: page 15
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Stock Sales Suffer Worst First Quarter Since 2009 on Rates, SVB
US equity capital markets are having the slowest start to a year since 2009, and dealmakers fear a rebound is nowhere near. Initial public offerings and secondary stock offerings bore the brunt of first-quarter recession concerns stemming from the Federal
Win the Race for Higher Risk-adjusted Stock Returns
A new paper co-authored by Assistant Professor Alejandro Lopez-Lira and Wharton’s Nikolai Roussanov uses machine learning to construct investment portfolios that ensure predictability of returns in a world of changing risks. Read more in this story from Knowledge at Wharton.
First Republic Bank Stabilizes, But More Problems Are Lurking Around the Corner
In a bid to instill confidence in First Republic and the broader sector, a coalition of major financial institutions—including J.P. Morgan, Bank of America and Citigroup—made $30 billion worth of deposits earlier this month. Cordell Eminent Scholar Jay Ritter said
The market has changed, but super-voting shares are here to stay, says Mr. IPO
TechCrunch spoke with Cordell Eminent Scholar Jay Ritter about why stakeholders aren’t likely to push too hard against super-voting shares, despite that now would seem the time to do it. TechCrunch: So the bottom line, in your view, is that
Silicon Valley Bank Sold to First Citizens in Government-Backed Deal
Banking regulators, which announced the deal late Sunday, had been looking for a buyer since seizing control of the failed bank. The deal for the bank, renamed Silicon Valley Bridge Bank after the F.D.I.C. seized it, included the purchase of
Retail Investors Are Helping Small IPOs Defy This Market Turmoil
Retail investors are piling into stock offerings, fueling a jump in new listings by micro-cap companies in the face of a banking crisis that is sidelining bigger deals. Cordell Eminent Scholar Jay Ritter shares his insights for this story. Read
First Republic Stock Fell on a Credit Downgrade. Here’s What To Know
First Republic suffered a downgrade on Wednesday from two credit agencies, sending its stock down more than 20%. Cordell Eminent Scholar Jay Ritter explained that “rating agencies normally follow rather than lead in terms of the stock price.” “It’s more
Mutual funds generate better returns with thematic investing
GAINESVILLE, Fla. – Risky, trendy, volatile. These are just a few recent descriptions of thematic investing, an emergent investment strategy that focuses on using research to identify companies relevant to themes or trends created by the impact of economic, technological
Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?
The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny. “Regulators who tend to fight the last war are certainly on guard right now – looking
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