Stocks were hammered worldwide today as oil dropped below $27 a barrel. It was $145-$147 in 2008. The Dow Jones average was off 541 points at 12:30 p.m. but the loss was cut to 249.28 or -1.56% by the close.
The S&P 500 was down 3.5% to its lowest level since October, 2014. The Dow is off more than 11% since the first of the year.
Turmoil in China’s economy is also being blamed for the worldwide slump in stock prices.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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