Bank of America has named UBS investment banker Richard Hardegree as its new vice chair for mergers and acquisitions, according to an internal memo Reuters reviewed. Hardegree, who has more than 30 years of M&A experience and previously led technology investment banking at UBS, will join the bank in August and be based in Palo Alto. He will focus on semiconductors and report to Bank of America’s co-heads of global M&A, signaling a push to expand tech deal market share. The memo also cites booming deal momentum into 2026.
Hygiene products maker Nobel Hygiene, backed by Quadria Capital, is exploring an IPO in India that could raise as much as $300 million. The firm has started preliminary talks with investment banks about a potential listing, with plans that may include both issuing new shares and allowing existing investors to sell part of their stakes in the offering.
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Spring’s IPO market is back in gear after a brief March lull, with issuers moving forward despite geopolitical uncertainty. In the busiest stretch for large IPOs since 2021, Renaissance Capital says three major billion-dollar offerings are set to price soon. Among the movers, Lincoln International is aiming for a US IPO valuation near $2 billion.
Meta Platforms is reportedly preparing a financing package of about $13 billion for a new data center in El Paso, Texas. Bloomberg News says the effort is led by Morgan Stanley and JPMorgan Chase, citing people familiar with the matter. If finalized, the deal would underline Meta’s continued push to expand infrastructure and capacity across the US.
Nasdaq-listed travel tech firm MakeMyTrip is reportedly targeting an India listing in Q1 2027. Bloomberg says it has already roped in Axis Capital, Morgan Stanley and JP Morgan as advisers, with more banks expected to join. The company plans to raise capital from domestic investors and use India-listed equity to fund growth, alongside a brand consolidation under one Indian entity.
Used car unicorn Spinny is reportedly preparing for a potential IPO in the first quarter of 2027, with investment banking advisers including Kotak Mahindra Capital, Morgan Stanley and Citigroup. The plan is expected to combine fresh issue and offer for sale, but discussions on public float, valuation and issue size are still ongoing. The move follows its recent $170 million funding round.
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Insurtech unicorn Acko has brought in ICICI Securities, Morgan Stanley, and Kotak Securities as IPO bankers, according to sources. The company is reportedly aiming for a $2–2.5 billion valuation, plans to file DRHP in the confidential route in H2 2026, and expects to list in H1 2027. The IPO is expected to include fresh shares and an OFS component.
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