William Blair
Coverage of William Blair in the Nexus archive.
- Sports-Related Deals on the Rise, Says William Blair’s IB Head
William Blair’s investment banking head reports an increase in sports-related deals. The article references a Bundesliga match between Bayer Leverkusen and VfL Wolfsburg in 2017.
- SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big
SpaceX is offering its underwriters a record-low 0.75% gross spread for its historic IPO, but Wall Street banks, led by Goldman Sachs, will still earn the largest dollar fees ever due to the massive $86 billion deal. This mirrors Goldman's 2010 strategy to win the GM IPO by matching a low fee, and the underwriters will split approximately $646 million in fees.
- The U.S. inflation problem is getting worse
The US inflation problem is worsening, with the Producer Price Index rising 1.4% in April and 6% over the last 12 months, making a Federal Reserve interest rate cut less likely. The inflationary impulse is evident across a range of goods and services, driven by energy prices and broader increases in core components. This trend may lead to a rate increase instead.