Sell side Archive

Aug 28, 2020
Chinese companies face new US listing challenges
Chinese companies listed in the US are facing a range of serious regulatory challenges right now. Not only has the US government taken a hostile position toward China in general, but a series of actions – by the Trump administration, Congress and Nasdaq – over the summer may also soon force them to make some difficult decisions with respect to their US listings. China-based accounting firms that audit US-listed companies have long refused to allow the PCAOB to i...
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Jul 10, 2020
How Mifid II has increased competition and improved research quality
There has been much debate across the industry over the impact of Mifid II since its implementation. Asset managers, bankers and even some regulators have called for the rules to be rolled back, including the requirement for sell-side research payments to be unbundled from trading commissions. Critics stress that the decrease in research demand negatively affects the level of company coverage, ...
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Jun 18, 2020
Virtual IPOs: Temporary or definitive solution?
The IPO is notorious for being a complex and exhaustive process. Think months of 24/7 planning, immaculate attention to detail and a final seven-day world trip to engage investor interest. Only when the distinct ringing of a bell at the stock exchange is heard can the company breathe a sigh of relief. This iconic sound marks the beginning of a new publicly held corporation. Even with all proper processes in place, the unexpected global pandemic turned the world upsi...
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May 29, 2020
The week in IR: Reopenings, bailouts and an ESG warning
Markets The trading floor of the NYSE reopened following a two-month closure, reported the BBC. Under strict rules, just a quarter of the normal number of traders can come to the exchange. They must also wear masks, follow social distancing rules and avoid commuting on public transport.  Euronext, the pan-European exchange operator, announced that it will close its regulated exchange b...
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Apr 02, 2020
Reflections on the transition from Wall Street to investor relations
As a former sell-side analyst who transitioned to investor relations, I often get asked about the friction points in transitioning to investor relations. A couple of areas come to mind revolving around the difference in compensation and work-life balance. Transitioning from the sell side to investor relations ultimately means compensation becomes a function of tenure rather than merit – but the work-life balance can improve considerably. Wall Street is a demanding...
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Dec 02, 2019
IR Magazine Winter 2019
A light in the dark I recently spoke to Jim Toes, CEO of the Security Traders Association, about how the unprecedented number of issuer letters sent to the SEC about the access-fee pilot last year could be a sign that IR teams are getting more up to speed on market structure issues. He cited the increase in trading activity on dark pools as another issue IR teams need to be aware of. ‘Understanding where your stock is traded, why and b...
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