M&A & Capital Raisings

Reformation IPO: $1 Billion Test

Fashion has never been short of companies capable of capturing attention. Turning that attention into a durable public company has proven considerably harder. Reformation became…

Peter Boyd
11 Min Read

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Further Analysis & Commentary

ESR Group Raises $850 Million to Fuel Next Stage of Growth

Overview On 9 April 2026, ESR, an Asia-Pacific-focused real asset owner and manager, announced it had secured US$850 million in…

Anthropic IPO 2026: Can Safety-First Branding Justify a Megascale Valuation?

Summary Anthropic's IPO Story The central question in Anthropic IPO 2026 is no longer how much private investors are willing…

Magellan Barrenjoey Merger Faces a Harder Test After the Pre-Deal Dividend Disclosure

The Magellan Barrenjoey merger was already a disclosure story. The new dividend revelation has made it a valuation story as…

An Update on The Koala IPO

Koala IPO Overview and Strategic Context Koala, the direct-to-consumer furniture company known for its boxed mattresses and sofas, listed on…

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