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Kamis, 03 September 2020

IBs top recruiting grounds — Potential tax on NYC's uber rich — Brex eyes big customers

 
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BUSINESS INSIDER
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The weekend is in sight. 

The summer of SPACs continues, with a report out of Bloomberg that Bill Ackman's SPAC, Pershing Square Tontine, was in talks with Airbnb prior to the startup confidentially filing for an initial public offering. 

Even though the talks didn't lead to anything, the fact they even occured is pretty astonishing. If you suggested a year ago that Airbnb might go public via a SPAC you'd be laughed out of the room. 

Click here for the full story.

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Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco


The schools investment banks are pulling from

John Belushi, Animal House screenshot

"Where'd you go to school?"

It's a common question, but in many ways it holds additional weight on Wall Street, where degrees from prestigious universities are expected.

Bradley Saacks, Shayanne Gal, and Yuqing Liu looked at data from Revelio Labs detailing what schools the top investment banks are pulling from.

It should come as no surprise that the University of Pennsylvania, long known as a pipeline to a career in investment banking, topped the list. However, what's interesting is how the rest of the data shook out.  

Click here to read the full story and see the universities sending the most people to Wall Street.


Some NY lawmakers are reviving the idea of slapping a tax on out-of-state billionaire apartment owners like Jeff Bezos and Ken Griffin. Here's what that could mean for an already-reeling luxury market.

Luxury apartments for sale

The NYC real estate market is looking for a lifeline, but some New York State legislators have different plans. Daniel Geiger has all the details on a proposal to tax high-end second homes in the city, and what it could mean for a market that is hurting. Here's the full story.


The CEO of Epicor says the enterprise-software maker is planning a bigger M&A push once it changes hands to new private-equity owner Clayton Dubilier & Rice in a $4.7 billion deal

Steve Murphy

Casey Sullivan has all the details on what the future holds for enterprise-software maker Epicor. Casey spoke to the CEO of the company that was recently acquired by private-equity firm Clayton Dubilier & Rice for $4.7 billion. Here's the full story.


Construction tech startup Mosaic just raised $14 million in a Series A round led by Andreessen Horowitz. Here's its pitch deck laying out how it is looking to revolutionize homebuilding with computer science.

prince philip construction

We've got another pitch deck on tap. This one from Alex Nicoll is of construction tech startup Mosaic. Check out the full deck here of a company that is in a space that is absolutely booming. 


Corporate-card startup Brex is betting it can nab bigger customers by plugging into more mature management platforms like SAP Concur and Xero

brex credit cards for startups 4

Brex, the $3 billion 'startup for startups', is eyeing more mature customers. Shannen Balogh has the details on how integrating with bigger management platforms could help that push.  Click here for the full story.


Odd lots:

Robinhood Faces SEC Probe for Not Disclosing Deals With High-Speed Traders (WSJ)

NYSE Direct Listings Hit Snag as Investor Group Raises Concerns (WSJ)

'You have no idea who I am': Citi rising star avoids jail (Financial Review)

How's the Coronavirus Economy? Great or Awful, Depending on Whom You Ask (WSJ)

Betterment's Search for a CCO Continues (WealthManagement.com)

 
 
 
 
 
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