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IPO

Jerome Powell
William D. Cohan • September 18, 2024

Wall Street’s M&A Paradox

Today, the Fed cut interest rates by 50 basis points. Meanwhile, the economy is thriving, and the stock and bond markets are rallying. So why is deal volume down 30 percent from last year? And why is the I.P.O market so lackluster? A revealing conversation with a top banker in the C-suite.
William D. Cohan • July 28, 2024
Ackman of the People
bill ackman
News and notes on the bizarre and bewildering saga of Pershing Square USA’s long journey to the public market.
William D. Cohan • July 24, 2024
The Ackman Cometh
bill ackman
Bill Ackman’s forthcoming publicly traded closed-end fund appears to offer retail investors the chance to ride along with the investment strategies of the guy who believes he is the heir to Warren Buffett. Is this a play for permanent capital or something more ephemeral?
fanatics michael rubin
Eriq Gardner • July 23, 2024
White Party Down
For years, Fanatics C.E.O. Michael Rubin has created a nouveau riche fantasy life, best encapsulated by his Hamptons summer “all-white” party, based on his sports merchandising juggernaut. Now, a series of legal headaches threaten Fanatics’ I.P.O., and the industry, itself.
Kim Kardashian Skims
Lauren Sherman • July 18, 2024
The Shape of Skims
The Kardashians are under pressure to turn their most successful brand into an I.P.O.-ready, multichannel revenue machine that rewards their investors, justifies a $4 billion valuation, and fully supplants Victoria’s Secret—and soon. Can they pull it off?
reformation ceo Hali Borenstein
Lauren Sherman • June 17, 2024
The Great Reformation
A candid conversation with Reformation C.E.O. Hali Borenstein about private equity realities, expansion, sustainability, and those I.P.O. rumors…
Tory Burch has done a good job of nodding to the big ideas of the season coming from Prada and the like, but making her take feel new and interesting.
Lauren Sherman • November 6, 2023
Tory, Birkenstock, Skims & The Great Fashion I.P.O. Debate
Market shifts and the post-ZIRP era have made going public out of fashion. Could Tory Burch and a crop of stalwarts change all that?
Of course, just because Rupert Murdoch is turning the chairmanship of both companies over to Lachlan, no one believes he is giving up control of either Fox or News Corp.
William D. Cohan • September 24, 2023
Iger’s $60B Gamble, I.P.O.-looza & Rupert’s Legacy
Notes on the latest storylines in media and finance: the Murdoch family trust, a rocky road for I.P.O.s, and a silver lining at Disney.
William D. Cohan • April 23, 2023
P.E. Vulcan Chess & Postcards from Pity City
News and notes on the murmurings from the Maidstone Club: springtime for I.P.O.s, the next phase of private equity dealmaking, and the cries from pity city.
Is the day approaching when some of the most prestigious Wall Street law firms—Cravath, Wachtell, Weil Gotshal or Paul Weiss, for example—go public?
William D. Cohan • March 8, 2023
The Next Big I.P.O. Scramble?
Fifty years ago, DLJ changed Wall Street forever by altering the conventional wisdom as the first private investment bank to go public in an I.P.O. It set off a tidal wave of followers. Now, is Big Law ready for its moment?