- The owners of skincare company, Galderma, including Swedish buyout house EQT, postponed its IPO and are reviewing Credit Suisse's role as global coordinator for the IPO due to poor market conditions and the recent crisis of confidence in the banking sector, resulting in EQT's stock rising by 1.78%.
- Private equity firm Apax Partners, which acquired Trade Me for $2.56bn in 2019, is said to be exploring various exit options for the online marketplace, including a full or partial dual-listing on the NZX and ASX, or a trade sale to a competitor or another private equity firm, according to sources; the company was listed for eight years before going private, and if relisted, it could be in the form of a partial listing.
- The EQT (EQT) stock went up by 1.78% after the INVL Partner Private Equity Fund I, a feeder subfund of Lithuania's INVL, attracted an initial €18.45m ($20.8m) from investors who sought a chance to invest in EQT X, a fund with a target size of €20bn established by EQT, which invests in mainly European and US companies in the healthcare, technology, and business services sectors.
- This article discusses the upcoming FOMC meeting and its potential impact on the markets, and also highlights some of the best falling stocks to buy now based on hedge fund sentiment and analyst recommendations, including Baxter International Inc., Dominion Energy Inc., Zscaler Inc., and M&T Bank Corporation. The reason EQT stock went up is not mentioned in the article.
- The shares of software provider Suse, listed on the SDax, rose by one percent after it earned higher-than-expected operating profit in the first fiscal quarter due to restructuring in sales, efficiency gains, and lower costs; however, the order intake was weak and the core business, mainly Linux operating systems, did not meet expectations. One reason behind the rise in stock price could be the company's newer cloud technology offerings.
- The European diversified financials sector could see some of the strongest performers in the coming months, according to Jefferies. Bridgepoint Group, which posted strong 2022 results, and Swedish group EQT are expected to lead the way as market conditions stabilize, said the US bank. Bridgepoint’s resilience in particular is underappreciated, the bank added, and its model points to potential growth opportunities. Jefferies currently has a buy rating on the stock, which rose 2.3% to 210p. EQT rose 4.47% in the last trading session.
- Shareholders of eQ Plc have proposed Päivi Arminen as a new member to be elected to the Board of Directors, which led to a 4.47% increase in the stock price of EQT.
- Last night, EQT stock went up by 4.47% as shareholders of eQ Plc proposed a new board member, Päivi Arminen, an experienced investment professional with international experience in private equity, to be elected for the upcoming Annual General Meeting.