However, it is unlikely the business, which had been up for sale and attempting to
raise new capital for some time, will continue as a going concern.
But with banks still reluctant to lend, and firms having trimmed their equity partner numbers throughout the downturn, the prospect of
easily raising new capital is diminished.
While the
company raised new capital in May for some breathing room, Fitch and Moody's actually cut their ratings for the company in July.
Emerging from the ashes of the Iraq war, this Baghdad - based brokerage listed Asiacell Telecommunications on the Iraq Stock Exchange in an innovative IPO that allowed majority shareholder Qatar Telecom QSC to buy $ 1.3 billion of equity from minority shareholders
without raising new capital.
The stock is Tesla's ATM, and although the company recently said that it will need to
raise no new capital in 2018, it has issued new equity, raising billions, in the past and doesn't want to have that funding channel closed off.
Butterfield, who says Slack still has not tapped any of last October's $ 120 million, adds that he's not terribly concerned that a macro pullback might lead to Slack
later raising new capital at a lower valuation.
A recent crash involving Tesla's autopilot technology and concerns about the company's ability to
raise new capital also took a toll.
Without
actually raising new capital, the deal allowed Qatar Telecom QSC, Asiacell's majority shareholder, to buy $ 1.3 billion in equity from existing shareholders.
Instead of a traditional IPO, Spotify plans a direct listing, which will let investors and employees sell shares without the
company raising new capital or hiring a Wall Street bank or broker to underwrite the offering.
«The DST can
not raise new capital, it can not refinance any loan that it has, it can not renegotiate leases.
However, establishing a retail footprint is expensive, and could force the company to
raise new capital, with an IPO being one option for such a fundraise.
If I told them we were going to
raise new capital, we did.
Furthermore, institutions were
raising new capital to fill the reduction in accounting capital being produced by the write - downs associated with subprime related assets.
VC - backed technology companies have instead turned to private funding to
raise new capital.
December saw a flurry of activity as companies eager to create new Bitcoin rushed to
raise new capital.
Lyft, the ride - hailing start - up, is seeking to
raise new capital, four people briefed on the round said, as Uber, its larger rival, also ramps up conversations with investors about another private fund - raising.
The discussions may become tests of whether high - profile private companies can continue to
raise new capital, even as some big names — like Snapchat and Dropbox — have seen their valuations marked down by mutual fund investors.
The worry now is about the Spanish government «s ability to
raise new capital, and to meet its existing payments.
Mr Shepard said Aussie Farmers Direct's shareholders had attempted to
raise new capital, find a strategic partner or sell the business, to no avail.
Falling short in its efforts to
raise new capital to finance a proposed national chain of private, for - profit schools, the Edison Project has announced a scaled - back plan that will focus initially on managing public schools.
The U.S. Climate Alliance is showing that reducing emissions and economic growth can happen together, and NY Green Bank's central effort in this regard to
raise new capital will provide greater confidence to the marketplace, driving down costs for all while expanding New York's clean energy economy.»
The direct listing will let investors and employees sell shares without the company
raising new capital or hiring a Wall Street bank or broker to underwrite the offering.
Also, keep in mind that many have
raised new capital to put to work in the sector under the current constrict and they will continue to participate in the market until something changes.