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1 week ago | 
news.bloomberglaw.com | Yiqin Shen |Anthony Hughes
Convertible bonds in the US had their best week in more than four years, with surging demand enabling companies to tap the market at low prices rarely seen since the pandemic. Nearly $10 billion was raised across 10 convertible bond deals last week, making it the busiest since March 2021, according to data compiled by Bank of America Corp. The amount raised is about 10 times the five-year weekly average, propelling 2025’s volume ahead of last year’s pace despite a slow start, the data show.
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1 week ago | 
news.bloomberglaw.com | Angel Adegbesan |Anthony Hughes
Caris Life Sciences Inc., a health-care company that uses technology to help diagnose and treat cancer, raised $494 million in a US initial public offering that priced above the top of its marketed range. The Sixth Street Partners-backed company sold 23.5 million shares at $21 each, according to a statement Tuesday. The medical technology firm had offered shares for $19 to $20 each, above a previous proposed range of $16 to $18, an earlier filing showed.
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2 weeks ago | 
news.bloomberglaw.com | Anthony Hughes |Paige Smith |Katie Roof
Chime Financial Inc. rose 37% in its trading debut after pricing its shares above the marketed range to raise raising $864 million in the year’s sixth-biggest US initial public offering. The financial technology firm’s shares opened trading Thursday at $43 after selling for $27 in the IPO, rising as much as 66%. The shares closed at $37.11 in New York trading, giving the company a market value of $13.5 billion.
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2 weeks ago | 
news.bloomberglaw.com | Anthony Hughes |Paige Smith
Chime Financial Inc. jumped as much as 66% in its trading debut after raising $864 million in an initial public offering priced above the marketed range. The financial technology firm’s shares opened trading Thursday at $43 after selling for $27 in the IPO. The shares rose as high as $44.94 at 12:50 p.m. in New York trading, giving it a market value of $16.4 billion.
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2 weeks ago | 
news.bloomberglaw.com | Norah Mulinda |Anthony Hughes
Voyager Technologies Inc. shares ended their debut trading day up 82% after the company raised $383 million in an upsized US initial public offering. The Denver-based defense contractor’s stock closed at $56.48 each on Wednesday, versus the IPO price of $31 apiece. The company sold more than 12.3 million shares, after having marketed 11 million shares for $26 to $29. The trading gives Voyager Technologies a market value of $3.2 billion based on the outstanding shares listed in its filings.
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2 weeks ago | 
news.bloomberglaw.com | Alexandre Rajbhandari |Anthony Hughes
Brown & Brown Inc. agreed to buy Accession Risk Management Group Inc. for $9.8 billion, its largest-ever acquisition. The purchase will be made with a mix of cash and stock, according to a US Securities and Exchange Commission filing. The deal is expected to close in the third quarter, according to a Tuesday statement. “We are excited to welcome the Accession team to Brown & Brown,” Chief Executive Officer J. Powell Brown said in the statement.
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2 weeks ago | 
financialpost.com | Alexandre Rajbhandari |Anthony Hughes
Advertisement 1Brown & Brown Inc. agreed to buy Accession Risk Management Group Inc. for $9.8 billion, its largest-ever acquisition. Article content(Bloomberg) — Brown & Brown Inc. agreed to buy Accession Risk Management Group Inc. for $9.8 billion, its largest-ever acquisition. Sign In or Create an AccountArticle contentThe purchase will be made with a mix of cash and stock, according to a US Securities and Exchange Commission filing.
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2 weeks ago | 
bloomberg.com | Alexandre Rajbhandari |Anthony Hughes
(Bloomberg) -- Brown & Brown Inc. agreed to buy Accession Risk Management Group Inc. for $9.8 billion, its largest-ever acquisition. The purchase will be made with a mix of cash and stock, according to a US Securities and Exchange Commission filing. The deal is expected to close in the third quarter, according to a Tuesday statement. “We are excited to welcome the Accession team to Brown & Brown,” Chief Executive Officer J. Powell Brown said in the statement.
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3 weeks ago | 
news.bloomberglaw.com | Anthony Hughes |Monique Mulima |Emily Mason
Circle Internet Group Inc. shares surged 168% after the company and some of its shareholders raised nearly $1.1 billion in an initial public offering that was upsized twice amid strong demand. Shares of the stablecoin issuer had trebled intraday Thursday climbing as high as $103.75 apiece, versus an IPO price of $31 each. The stock, which was halted several times for volatility, closed at $83.23 in New York.
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3 weeks ago | 
bloomberg.com | Anthony Hughes |Monique Mulima |Emily Mason
Chief Executive Officer Jeremy Allaire, center left, during the company’s initial public offering on the floor of the New York Stock Exchange on June 5. (Bloomberg) -- Circle Internet Group Inc. had one of the splashiest debuts in years, with shares surging 168% after the company and some of its shareholders raised nearly $1.1 billion in an upsized initial public offering.
