Weekly Market Updates: 3/18/19
Mergers & Acquisitions: Nvidia’s Acquisition of Mellanox Technologies Highlights Last Week’s M&A Activity
Data from Pitchbook shows that there were 23 M&A deals in the U.S. last week for total invested capital of $17.3 billion. The week before had four additional deals for $12.3 billion less capital. Nvidia had the largest deal of the week, a $6.9-billion acquisition of Mellanox Technologies. Also, two over-the-counter traded cannabis firms, Curaleaf and Acreage Holdings have made acquisition bids for a Nevada cultivation farm and an Oakland-area dispensary, respectively.
Initial Public Offerings: Chance for Levi Strauss and Alight to Raise Over $1 Billion in IPOs This Week
According to the New York Stock Exchange website, there were no new listings of public companies in the U.S. last week. However, according to Renaissance Capital, there are some big IPOs slated for this week, including Levi Strauss & Co and Alight, which could fetch a combined $1.3 billion in public market funding.
Economy: Job Openings Near Record High
Among news last week:
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