A weekly compilation of news from around the world of investor relations. Compiled and edited by Pam Agnew, ABC.
Facebook Readies IPO Filing
The deal, seen as defining moment for the latest Web investing boom, could raise as much as $10 billion and value the social network between $75 billion to $100 billion. Wall Street Journal
In Facebook IPO, Bankers Seek Prestige Over Fees
Facebook’s initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business. Reuters
NYSE Dream of Global Exchange Coming Apart in Europe on Derivatives Review
Governments are losing their appetite for the biggest combinations after regulators encouraged them for years as a way to cut costs for investors and improve transparency. Bloomberg
Companies Set to Unleash the (Cash) Hoards: Survey
The survey’s respondents said they would likely make acquisitions in the coming year (27.7%), increase their capital budgets (21.5%), buy back stock (11.9%), or provide dividends (5.4%). CFO
Targeting Investors in Asia Pac
Any company looking to do a roadshow in Asia can hit the majority of the addressable potential by just visiting a handful of institutions in each of the key money centres. Thomson Reuters
Investors Speak Out on Disclosure – Winning the Competition for Capital
The document outlines key areas that investors would like to see entities disclose and the frustrations they have with current reporting. PwC
Reminder to Mine Operators: Get Ready for Safety Disclosure Rules
The SEC’s rules for mine safety disclosure took effect Jan. 27. Compliance Week
Indie Research Projected to Rise Modestly in 2012
Despite declining sales over the past few years, Integrity Research projects that the global market for independent research will rebound modestly in 2012 as the buy-side resumes their search for unique (and legal) sources of alpha. Integrity Research
IR Service Provider of The Week
Morningstar offers award-winning investor relations and online corporate communications services.
Actively Managed ETFs on the Rise
While managers might have some leeway — reporting their holdings once a day, instead of constantly updating them — that level of transparency creates a challenge, especially for equity managers. Institutional Investor
Uptick Rule Could Curb Quant Fund Risk — Man Group CEO
First adopted after the 1929 market crash, the uptick rule was abolished in 2007 after the SEC concluded it was no longer effective in modern markets, although some commentators have since called for it to be reintroduced to curb the effects of short-selling. Reuters
Hedgies Braving Battered Markets To Go It Alone
Many managers missed out on a big pay day in 2011 after poor performance deprived firms of lucrative fees, encouraging some to team up with ex-colleagues and go it alone. Reuters
Hedge Funds Climb Back Across $2 Trillion Threshold
Data from Hedge Fund Research Inc. shows that total capital invested in hedge funds climbed back to $2 trillion to conclude 2011 as net inflows exceeded $70 billion for the year, the most investors have poured into the industry since 2007. Advanced Trading
UK Eyes Clampdown on “Backdoor” Market Listings
Britain’s financial regulator proposed stricter rules on reverse takeovers and tighter requirements for premium stock market listings as part of a broader drive to improve investor protection. Reuters
Canada Adopts Regulatory Regime for Credit Rating Agencies
In one of their first concrete policy responses to the financial crisis, Canadian securities regulators are adopting a new regulatory regime for credit rating agencies. Investment Executive
British Government Looks to Rein In Executive Pay
Mr. Cable’s proposals come amid growing public outrage in Britain over what is seen as excessive corporate pay, at a time when many households are forced to cut back in the economic downturn. DealBook
NYSE Bars Broker Votes From Governance Proposals
The New York Stock Exchange has taken a new position on “broker votes” that will make it more difficult for some U.S. companies to get shareholder approval for management proposals to declassify their boards or to repeal supermajority rules. ISS
Trust in CEOs Plummets, But Still Beats Trust in Government
When Edelman asked respondents how credible they would deem information about a company that came from a CEO, just 38% said they would trust the information, down from 50% last year and the biggest drop since Edelman started doing the survey 12 years ago. Forbes
Capitalism Seen in Crisis by Investors Citing Inequalities
International investors say capitalism is in crisis, with almost one in three backing radical changes to the system, according to a Bloomberg survey. Bloomberg
The Year of the $50 Million-Plus CEO
“These kinds of things go on because too few people, especially institutional shareholders, are saying no.” USA Today
S&P Capital IQ Working with StockTwits Pro Beta
StockTwits Pro is a new service from StockTwits which provides market professionals with critical tools for communicating and interacting with a growing global audience of market participants and observers in a compliant, reliable and easy to use way. StockTwits
Interview: Financial Times Experience with Web Apps
You can just say “Visit app.ft.com.” Development times have gone down, it’s easier to debug problems and deploy fixes, and we have shortened release cycles. W3C
Pam Agnew, ABC is a director of IR Web Reporting International Inc. and an award-winning communicator. She has more than 20 years of corporate and agency experience in investor, crisis, corporate, media, stakeholder and sustainability communications on four continents for leading global companies as well as stock exchanges, securities regulators and large institutional investors.
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