Credit Suisse to Cut Bonuses Amid Deal-Making, IPO Slowdown – Report

A slowdown in deal-making that has impacted both investment banking and capital markets activity at Credit Suisse (CS – Get Report)   likely will mean bonus cuts and a reallocation of capital to other areas of the firm, Bloomberg reported on Friday. Citing people with knowledge of the matter, Bloomberg said the reductions are likely to happen even if fourth-quarter revenue rebounds, the people said, asking not to be identified as the matter is private. Several quarters of lackluster M&A activity, shelved initial public offerings and weaker leveraged finance – one of the…

Anheuser-Busch InBev Revives Hong Kong IPO Plans

Global beer and alcohol giant Anheuser-Busch InBev (BUD) has revived its application to list its Asia business in Hong Kong, two months after shelving what would have been one of the biggest initial public offerings of the year. AB InBev in July iced a nearly $10 billion Hong Kong IPO of its Asia Pacific unit, Budweiser Brewing Company APAC, amid turbulent Asian markets responding to both the China-U.S. trade spat as well as political unrest in Hong Kong. The world’s biggest brewer on Thursday confirmed to Reuters that it was re-visiting its…

We Co. to List on Nasdaq, Implement Sweeping Governance Changes

WeWork’s parent company, We Co., has chosen to list its shares on Nasdaq and plans sweeping changes in its governance as the shared-workspace provider moves closer to its highly scrutinized initial public offering. Skepticism over the company’s governance as well as its economic model and balance sheet have plagued its IPO since it was first announced last month. Reports have pegged the stock’s valuation at around $20 billion, significantly lower than the $47 billion expected earlier this year. A number of issues have clouded the company’s path toward going public,…

Cloudflare Preps to Raise $525 Million in Public Debut

Shares of cloud-based cybersecurity and networking company Cloudflare were priced at $15 a share, $1 a share above its raised range, prepping it to bring in as much as $525 million in its public debut when it begins trading on Friday.  However, the San Francisco-based company’s initial public offering may well be clouded by recent voluntary disclosure of potential U.S. economic and trade sanctions violations.  Cloudflare, which will begin trading on the New York Stock Exchange on Friday under the symbol ” (NET) , first pitched its initial public offering between…

SmileDirectClub’s Initial Public Offering Priced at $23 a Share

Now here’s an initial public offering that may or may not make investors smile. Teeth-straightening provider SmileDirectClub late Wednesday announced that its class A shares were priced at $23 a share, slightly above the $19- to $22-a-share range it had said it would be targeting. At that price, the deal will raise $1.35 billion for the Nashville-based company. Last October, SmileDirectClub was valued at $3.2 billion in a private fundraising round led by Clayton, Dubilier & Rice, Kleiner Perkins and Spark Capital. SmileDirectClub said the shares will begin trading Thursday on the…