Bloomberg Business

Arm IPO Is Helping to Revive the Market for Pre-Offer Investing

Arm Holdings Ltd.’s multi-billion dollar initial public offering, which is set to launch in a week, is helping to revive interest in one small, battered corner of the financial market: stakes in companies that are set to go public soon.

Puerto Rico Utility Bankruptcy Plan Faces Growing Opposition

An increasing number of creditors are pushing back against a plan to cut the debt load of Puerto Rico’s bankrupt power utility by 75%, with investors and insurers accounting for $3.6 billion of the bonds set to vote against the proposal, a lawyer warned Wednesday.

Close Bitnami banner
Bitnami