Sehoon Kim‘s recently published academic study found that individual investor demand for socially responsible investing “is highly sensitive to income shocks” and economic stress. Read more in this story from Nasdaq.
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Investors are all for ESG. Except, that is, when times are tough.
A study from Assistant Professor Sehoon Kim finds that the appetite for ESG investing goes down when there is an economic shock such as Covid-19 lockdowns. Read more in this story from the Wall Street Journal.
Direct listings expansion creates another go-public option
Now that companies have regulatory approval to raise capital through a direct listing without being limited by tight pricing restrictions, the yet-unused alternative to a traditional initial public offering could find more takers once market conditions improve. “The relaxation of
Nasdaq: Update on IPOs and SPACs
Data from Cordell Eminent Scholar Jay Ritter informs this story on the significant IPO slowdown in 2022. In the whole year, there were just 181 IPOs in U.S. equity markets, having seen more than 1,000 the year before. Read more
Corporate Partnerships: Evercore
When Saul D. Goodman reconnected with his debt capital markets professor in 2006, he wanted to increase his involvement with his alma mater. It had been 17 years since Goodman graduated from the University of Florida and he wanted to
IPOs could be headed for a rocky road in 2023
Initial public offerings appear likely to remain sluggish for at least several months to start 2023, while special purpose acquisition companies, which provide businesses with alternative paths to public listings, face headwinds of their own. The IPO drought could last
Startups end a bruising 2022, stare down another challenging year
Startups had a dismal year by nearly every measurement in 2022, from plummeting investment to scarce public listings, and data point to a 2023 that could be even more difficult. Insights from Cordell Eminent Scholar Jay Ritter inform this story
IPO market has seen ‘day turn to night’ in 2022: Expert
University of Florida Cordell Eminent Scholar and IPO expert Jay Ritter joins Yahoo! Finance Live to discuss the state of the IPO market, how it’s evolved in 2022, and what held many back. Hear more insights from Ritter in this
IPO proceeds tanked in 2022. They haven’t been this low since 1990.
Investment bankers had a rough year. Thirty-seven operating companies went public and raised $7 billion in 2022—the lowest amount of total initial public offering proceeds since the $4.3 billion raised in 1990, according to Jay Ritter, Cordell Eminent Scholar. Read
Lanvin Group shares plunged 25% in their trading debut
Some 97% of shares in the SPAC set up by Primavera Capital were redeemed, as investors asked for their capital back instead of staying on board for the merger with Lanvin. Investors overall have turned away from SPAC listings, leading
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