Circle $1.5 billion follow-on offering
We advised Circle on its first follow-on offering as a listed company on NYSE
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Bullish $1.11 billion IPO
Bullish settled $1 billion of the proceeds in stablecoins denominated in dollars and euros
Fiserv $2 billion notes offering
The investment-grade debt consists of two tranches of notes
Strategy $4.2 billion perpetual stretch preferred stock at-the-market offering
The perpetual stretch preferred stock is listed on the Nasdaq Global Select Market
Clear Channel Outdoor Holdings $2.05 billion senior secured notes offering
The high-yield notes are due 2031 and 2033
Strategy $2.5 billion stretch preferred stock IPO
This represents the largest IPO year to date in 2025 across all U.S. preferred and common equity offerings
MARA Holdings $950 million convertible notes offering
The 0% convertible senior notes are due 2032
Ether Machine de-SPAC transaction and $1.5 billion committed PIPE financing
The PIPE transaction will be the largest all-common-stock financing committed at announcement since 2021
Strategy $4.2 billion perpetual stride preferred stock at-the-market offering
The perpetual stride preferred stock is listed on the Nasdaq Global Select Market
StoneX Group $625 million senior secured notes offering
We advised StoneX on the high-yield notes offering