Traders work on the main trading floor of the New York Stock Exchange at the opening of the trading session in New York, March 3, 2009. REUTERS/Mike Segar
Happy hump day!
We’re not even out of 2020, but 2021 is already shaping up to be a big year for IPOs. Robinhood has tapped Goldman Sachs to lead its IPO, which will occur in 2021, according to a report out of Reuters.
In other fintech news, Betterment founder and CEO Jon Stein announced he’s stepping down effective immediately. His successor? Sarah Kirshbaum Levy, the former COO of ViacomCBS and an advisor to Betterment since October.
Great deep dive here from Dakin Campbell and Nicole Einbinder on a former Blackstone dealmaker who got a nice fee for setting up his old shop with a deal.
Chinh Chu, who was a senior managing director at Blackstone, and his business partner Bill Foley received $12 million for their involvement in Blackstone nabbing $16.6 billion to manage on behalf of Iowa insurance company F&G.
Dakin and Nicole have a great look at Chu's relationship with his former firm, and why the payment is being described as a "kickback" by one expert.
JPMorgan CEO Jamie Dimon with some pointed comments about the need for a second stimulus package. Reed Alexander has the rundown on Dimon's comments on more federal aid, along with his distaste for so-called Zoom culture. Read more here.
James Cherubim is the head of talent acquisition at The Carlyle Group. The Carlyle Group
Some interesting insight off the back of our PE recruiting webinar. Reed Alexander has the rundown on how junior-level investment bankers are holding off on entering the recruiting cycle. Read more here.
Anonymous recently published a video following the killing of George Floyd in Minneapolis police custody. Anonymous/Facebook
Pitch-deck alert! This one from Shannen Balogh is of a startup that analyzes behavioral data to fight fraud. Check out the deck it used to raise a $7 million Series A. Read more here.
