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Global IPOs surge in Q3, led by buyout deals

The global market for initial public offerings rebounded decisively in the third quarter, on the strength of large deals in Asia and a U.S. market that emerged from its doldrums.

JPMorgan leads pack as underwriting drives fees

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Banks led by JPMorgan Chase & Co reaped a bonanza of underwriting fees from debt and equity capital-raisings in the third quarter but a deepening slump in M&A activity depressed overall investment banking fees.
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A123 Systems soars 50.3 pct in mixed day for IPOs

Shares of A123 Systems Inc, a maker of lithium-ion car batteries, had the second-best debut of any 2009 U.S. initial public offering, rising 50.3 percent in their first trading session, far outpacing the four other stocks that came to market on a particularly busy day for IPOs.
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Over-priced MCC falls on HK debut; may dent new IPOs

Metallurgical Corp of China (MCC), a building and engineering firm that raised $2.3 billion in Hong Kong's biggest IPO this year, fell on its debut as investors, tiring from an IPO deluge, judged the stock was too pricey given an uncertain outlook for China's steel industry.
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Baer's Artio IPO jumps almost 7 percent in debut

Shares of Julius Baer Holding AG's U.S. asset management arm Artio Global Investors Inc jumped 6.7 percent in their debut following the company's initial public offering that raised more money than expected.
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Wall Street drops on US home sales

U.S. stocks fell on Thursday as a surprise decline in existing home sales suggested an economic recovery would be slow, even as initial jobless claims dropped.
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Chart of the Day - 9/24/2009 – GBP/USD

Prolonged consolidation on GBP/USD, a daily chart of which is shown, has assumed a substantially more bearish bias than the euro against the dollar. This can be seen in the significant jump that the key EUR/GBP cross has made as of Thursday (9/24/2009).
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Option Trade of the day - 23 Sept

December Coffee should be reaching its exhaustion point as well as the down trend line, we recently pulled out of our call spread and feel that we should reverse at this level.
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Citi to cut back U.S. branches to six cities: report

Citigroup Inc , the bank bailed out with $45 billion by the U.S. government, plans to cut down its U.S. branch network to six big metropolitan areas, the Wall Street Journal said on Wednesday on its website, citing people familiar with the situation.
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Mistras sets terms for $130.5 mln IPO

Julius Baer's U.S. asset management arm Artio Global Investors Inc is set to price its U.S. initial public offering after Wall Street closes on Wednesday in what is likely to be a test of investors' appetite for new financial issues.
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Toyota Motor to sell brokerage unit - Nikkei

Toyota Motor Corp will sell its brokerage unit to Tokai Tokyo Financial Holdings Inc as part of efforts to consolidate resources into automobile operations, the Nikkei business daily reported.
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U.S. credit card defaults rise to record: Moody's

The U.S. credit card charge-off rate rose to a record high in August, as more Americans lost their jobs, Moody's Investors Service said on Wednesday, in another sign consumers remain under stress.
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Goldman investment boosts China Geely's global hopes

Goldman Sachs' (GS.N) $334 million investment in Geely Automobile Holdings (0175.HK) will boost the Chinese automaker's global ambitions, including a potential bid by its parent for Ford's (F.N) Volvo brand.
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Artio $585 mln IPO to build Baer war chest

Julius Baer's U.S. asset management arm Artio Global Investors Inc is set to price its U.S. initial public offering after Wall Street closes on Wednesday in what is likely to be a test of investors' appetite for new financial issues.
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US credit card defaults rise to record - Moody's

The U.S. credit card charge-off rate rose to a record high in August, as more Americans lost their jobs, Moody's Investors Service said on Wednesday, in another sign consumers remain under stress.
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Day late REIT IPOs seen halving issues

Two real estate investment trusts lowered the number of shares they expect to sell in initial public offerings on Wednesday to raise only half as much as they had been expected to.
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Nomura's Schiffman sees bumpy recover in Asia

While Asia's economy has recovered from the lows hit a year ago, a bumpy road is ahead, with companies needing to shed debt burdens and increase capital bases, according to Nomura's Asia Pacific investment banking head.
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JPMorgan ups offer for EcoSecurities

A JPMorgan Chase & Co vehicle on Wednesday increased its cash offer for London-listed carbon offset aggregator EcoSecurities, garnering further support from shareholders.

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