Investors are on tenterhooks for the potentially imminent launch of a pair of initial public offerings in Bausch Health Co.’s eye-care and skin-care units. But tens of billions of dollars in debt left over from its days as Valeant Pharmaceuticals remain a big question mark.
News & Press
Spinoff Expert Tunes in to Warner Bros. Discovery
Apr 13, 2022
Warner Bros. Discovery has become the third largest streaming media powerhouse behind Netflix (NFLX) and Disney (DIS) — and operates with the following segments: Advertising, Distribution and Content Generation (together contributing 65% to revenues at $33.8 billion in FY23E). In addition, the fast-emerging Subscription (Direct to Consumer) business (contributing 35% to revenues at $18.2 billion in FY23E), contains such brands as Discovery, Food Channel, HGTV, TLC, Animal Planet, HBO, CNN,.
Value Crunch Fuels IPO Plans for CI Wealth Management
Apr 8, 2022
A plan by CI Financial Corp. to spin off its U.S. wealth-management represents the next phase of a pivot by management toward stabilization after a spree of acquisitions, according to an analyst who specializes in spinoffs. Shares in the Canadian wealth management firm jumped the most in three weeks on Thursday after the company confirmed its intent to sell up to 20% of the unit through a U.S. initial public offering, with proceeds earmarked to repay debt. The soon-to-be-carved-out company will.
Company Spinoffs Help Fill U.S. Market’s IPO Void
Mar 23, 2022
A flow of corporate spinoffs is providing some much-needed activity in U.S. equity capital markets, as companies look to slim down or unlock value in parts of their businesses. The prospective transactions are shaping up as a rare source of new share sales in the U.S. An extended stretch of market volatility is quashing companies’ appetite for initial public listings, leading to the longest drought in more than a decade.
Airbnb Stock Has A Purpose and CEO Chesky Is Proving A Visionary. This Could Drive The Stock 50% Higher.
Feb 17, 2022
There is a reason why Warren Buffet and Charlie Munger have never bought a new issue (IPO). It’s because they are manufactured investments, orchestrated in such a way that the investor gets the worst deal possible. I concur. The very thought of a group of people who make the optimum amount of money by selling you an investment at the highest possible price just makes my stomach turn. Wind it back to my previous article on Uber Technologies, Inc. (UBER) and the initial sale to the public. The.
3 Investing Experts Share Their Outlook for DWAC & CFVI
Feb 10, 2022
Digital World Acquisition Corp. (DWAC) and Cantor Fitzgerald Acquisition VI (CFVI) have both experienced a surge in interest from retail investors in recent months due to their proposed mergers with Trump Media and Rumble. Both stocks are SPACs – special purpose acquisition companies. These blank-check vehicles raise money through an IPO, and then aim to acquire or merge with another company. The SPAC market raised $96 billion in the first quarter of 2021 alone, according to the Harvard.
Colfax: A Spinoff Bet on the Rales Brothers
Feb 10, 2022
The Edge’s data shows what may be the next step in the Rales brothers value creation process. The Rales brothers are the co-founders of Danaher (DHR) and are known for their hugely successful Spinoff of Fortive (FTV) in 2016. The Edge believes the brothers will be using the same playbook to Spinoff Colfax’s “FabTech” business (to be spun off as ESAB) from its “MedTech” business — the parent after the Spinoff, which is to be renamed Enovis — via a tax-free distribution.
Turo Peers Burn Out as Car-Sharing IPO Looms
Jan 26, 2022
Weak trading by peers is complicating an initial public offering from car-sharing firm Turo Inc. Turo, which filed for an IPO earlier this month, is nearing public markets during a crossroads for stocks exposed to the so-called gig economy. Uber Technologies Inc. and Airbnb Inc., for example, have underperformed during the wild market swings that started the year, a trade that resumed on Tuesday.
IAC Has Created $128bn of Value for Shareholders & There’s More To Come. Here’s Why…
Jan 4, 2022
What happens when metrics are at the higher end of expectations? Government stimulus money has run dry and mostly everything is priced in. What do you do next? Smart managements have recognized hidden value inside themselves and have given shareholders enormous returns. Specifically with Spinoffs.
TechInAsia – Why Traveloka may have been wise to give up SPAC route
Dec 31, 2021
When the SPAC market was ultra hot, Indonesia’s Traveloka was among several notable firms in the region that planned to ride the wave. In April, the countryʼs leading travel unicorn was in advanced talks with Bridgetown Holdings, a special purpose acquisition company backed by billionaire investors Richard Li and Peter Thiel, to go public. By merging with Bridgetown, Traveloka could boost its valuation to US$5 billion.