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Issued Saturday, October 10, 2026 · 00:00 UTC Edition 8/day editions · 6 papers From the chopped neck Latest Issue Archive Corporate AccountsArt Forgotten
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Ranked by the pour ISABELLA'S ISLAY HENRI IV MACALLAN 1926 LOUIS XIII PAPPY 23 JOHNNIE BLUE WELL POUR
Also crossing the wire
ISABELLA'S ISLAYNSE IPO downsized to ₹21,494–22,569 crore from ₹30,000 crore estimateHENRI IVCopart commenced tender offer to acquire ACV through Apple Merger SubMACALLAN 1926Blackstone raised $1 billion for private credit continuation fundLOUIS XIIITRexBio and Retension Pharmaceuticals priced IPOs for $161.7 million combinedPAPPY 23Manhattan Bridge Capital increased buyback authorization by 250,000 sharesJOHNNIE BLUEPrivate credit funds cutting payouts despite double-digit yield claimsWELL POUROura postponed its $2.1 billion IPO scheduled for this weekISABELLA'S ISLAYNSE IPO downsized to ₹21,494–22,569 crore from ₹30,000 crore estimateHENRI IVCopart commenced tender offer to acquire ACV through Apple Merger SubMACALLAN 1926Blackstone raised $1 billion for private credit continuation fundLOUIS XIIITRexBio and Retension Pharmaceuticals priced IPOs for $161.7 million combinedPAPPY 23Manhattan Bridge Capital increased buyback authorization by 250,000 sharesJOHNNIE BLUEPrivate credit funds cutting payouts despite double-digit yield claimsWELL POUROura postponed its $2.1 billion IPO scheduled for this week
Showing 7 stories
ISABELLA'S ISLAY Capital Markets Oct 9, 8:02 PM EDT
NSE (National Stock Exchange of India)
The Week ↗

NSE IPO downsized to ₹21,494–22,569 crore from ₹30,000 crore estimate

The National Stock Exchange of India's IPO was repriced at a significantly lower valuation than initially estimated, with the new price band targeting ₹21,494–22,569 crore in proceeds.

ReadingInstitutional appetite for India's infrastructure has reset. Later public offerings in India will take this as the new ceiling, not a floor.
WatchWatch which sector IPOs reduce their asks next. The repricing spreads.
Read full analysis → Original ↗
ipocapital marketsvaluation resetindia
HENRI IV M&A Intelligence Oct 9, 8:02 PM EDT
Copart, Inc.
Yahoo Finance ↗

Copart commenced tender offer to acquire ACV through Apple Merger Sub

Copart, Inc. announced the commencement of a tender offer to acquire ACV through its subsidiary Apple Merger Sub, Inc., positioning itself as a consolidator in the online vehicle auction space.

ReadingConsolidation in automotive marketplace infrastructure is accelerating. Smaller players in the auction space need to decide if they are buyers or targets within the next 90 days.
WatchThe second automotive marketplace consolidation announcement. Within 120 days. The pattern confirms.
Read full analysis → Original ↗
m&aautomotiveconsolidationtender offer
MACALLAN 1926 Venture Intelligence Oct 9, 8:02 PM EDT
Blackstone
MSN Money ↗

Blackstone raised $1 billion for private credit continuation fund

Blackstone secured approximately $1 billion for its private credit continuation fund, allowing existing investors to exit while the firm maintains control over the underlying assets.

ReadingPrivate credit managers are rotating capital faster than their LPs expected. Watch for continuation funds to become the standard exit path, not the exception.
WatchPartners Group, KKR, and Apollo follow with their own continuation vehicles within 60 days.
Read full analysis → Original ↗
private creditfundraisingcontinuation fundspe
LOUIS XIII Venture Intelligence Oct 9, 8:02 PM EDT
TRexBio & Retension Pharmaceuticals
PharmExec ↗

TRexBio and Retension Pharmaceuticals priced IPOs for $161.7 million combined

TRexBio and Retension Pharmaceuticals priced their IPOs, raising a combined $161.7 million to advance their immunology and hypertension pipelines ahead of trading on Nasdaq.

ReadingBiotech IPO windows remain available for companies with focused indications and clear data packages. The spray-and-pray model is still closed.
WatchThe next biotech double-file IPO. This clears the way for three to follow within eight weeks.
Read full analysis → Original ↗
ipobiotechimmunologycapital markets
PAPPY 23 Capital Markets Oct 9, 8:02 PM EDT
Manhattan Bridge Capital, Inc.
Yahoo Finance ↗

Manhattan Bridge Capital increased buyback authorization by 250,000 shares

Manhattan Bridge Capital's Board of Directors approved an increase in its existing share repurchase program, expanding the aggregate number of shares authorized for buyback.

ReadingMicro-cap lenders are managing shareholder expectations through buyback signals rather than earnings growth. This is capital deployment as messaging.
WatchThe buyback execution rate over the next two quarters. If it accelerates, cash flow is weaker than disclosed.
Read full analysis → Original ↗
buybackcapital allocationmicro-cap
JOHNNIE BLUE Capital Markets Oct 9, 8:02 PM EDT
Private Credit Managers (Sector)
MSN Money ↗

Private credit funds cutting payouts despite double-digit yield claims

Private credit funds have experienced performance deterioration and have begun reducing their payout rates to investors, contradicting their marketed double-digit yield promises.

ReadingPrivate credit is entering repricing phase. Institutional allocators who committed to 5-year holds are about to discover the exit is much harder than entry.
WatchThe first major LP redemption notice. It will come from a sovereign wealth fund or public pension.
Read full analysis → Original ↗
private credityieldsrepricingcapital markets
WELL POUR Capital Markets Oct 9, 8:02 PM EDT
Oura Health
Seeking Alpha ↗

Oura postponed its $2.1 billion IPO scheduled for this week

Smart ring maker Oura postponed its $2.1 billion IPO, which was scheduled to commence trading on Wednesday, citing market conditions.

ReadingThe IPO window for consumer wearables at scale is still shut. $2.1B is no longer achievable without a repricing that kills the story.
WatchOura refiling at a lower valuation within 60 days, or the deal dies quietly in the folder.
Read full analysis → Original ↗
ipowearablespostponementvaluation
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