Blackstone Launches $1.75B Data Center REIT IPO Amid AI Boom
Blackstone’s $1.3T asset manager brings a $1.75B data center REIT public on May 14, targeting hyperscale cloud tenants as AI fuels unprecedented infrastructure demand.
capital markets
Verizon Issues $4B in Dollar Hybrid Bonds for the First Time
Verizon priced $4B in its first-ever USD hybrid bonds, completing a $12B global program alongside tender offers on 31 series of legacy debt.
Rolls-Royce Lines Up Euro Bond as NATO Defense Spending Hits $574B
Rolls-Royce is arranging a rare Euro bond to build cash reserves as NATO defense spending surges 20% to a record $574 billion — here’s what’s driving the capital raise.
Cerebras Systems IPO: $3.5B Raise Targets a $28B Valuation
Cerebras Systems targets $3.5B in a May 14 Nasdaq IPO, riding 76% revenue growth and a $10B+ OpenAI compute deal to a valuation near $28 billion.
Bond Markets Warn as U.S. Debt Approaches $39 Trillion
The U.S. government is forced to issue more debt than projected as cash flows weaken — and long-term Treasury yields are holding stubbornly high in a dynamic analysts call unprecedented since 1990.
Bullish Buys Equiniti for $4.2B to Tokenize Shareholder Services
Bullish agreed to acquire Equiniti for $4.2B, combining a crypto exchange with a transfer agent serving 3,000 issuers and $500B in annual payments.
Micron’s Best Week Since 2008 Ignites AI Chip Capital Markets
Micron surged 15.5% in its biggest week since 2008 as AI memory demand booms. Here is what it means for CHIPS Act financing, corporate bonds, and the Cerebras and Quantinuum IPO pipeline.
Convertible Bonds: How Debt and Equity Merge in One Security
Learn how convertible bonds work — coupon, conversion ratio, bond floor, and conversion premium — with plain-English examples and a verified worked illustration.
IG Credit Spreads Near 3-Year Lows as Corporate Borrowers Rush In
Investment-grade credit spreads compressed to 79 basis points in May 2026, near their tightest in over three years, as companies race to lock in cheap borrowing costs.
Fervo Energy Targets $6.5B Valuation in Largest Clean-Energy IPO of 2026
Fervo Energy prices its Nasdaq IPO this week at $21–$24/share, targeting a $6.5B valuation as AI data-center demand puts firm geothermal power in the spotlight.