Warby Parker, Ginkgo are among ‘Tiger Cubs’ hedge funds’ hot IPO bets

Julian H. Robertson Jr. speaks at the 2017 Alpha Delivery Conference in New York on September 12, 2017. David A. Grosjean | CNBC Julian Robertson, legendary investor and hedge fund pioneer, has mentored dozens of carryovers throughout his 50-year career. They were given the nickname “Tiger Cubs” from Robertson’s hedge fund Tiger Management. Some of … Read more

Authentic Brands shelves IPO, to sell stake that values company at $12.7 billion

Authentic Brands Group CEO Jimmy Salter. Source: Authentic Brands Group Authentic Brands Group Retail will suspend a planned initial public offering and instead sell significant stakes in its business to private equity firm CVC Capital, hedge fund HBS Investment Partners and a group of existing stakeholders. The deal, announced Monday, gives the company a project … Read more

Authentic Brands shelves IPO, to sell $12.7 billion stake to investors

Jamie Salter, Chairman and CEO of Authentic Brands Group LLC. Norm Bates | Bloomberg | Getty Images Retail conglomerate Authentic Brands Group is planning to comment on a planned initial public offering and instead sell significant stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a group of … Read more

Activist hopes to split Macy’s digital biz but experts raise red flags

Macy’s Herald Square flagship store in Midtown Manhattan, New York. Nicholas Economo | Norfoto | Getty Images An activist investor is pressing Macy’s to separate its digital operations from its stores in a bid to unlock value in the 162-year-old chain of stores. And while it might be an attractive move in the short term, … Read more

(RENT) starts trading on Nasdaq

Rent the Runway shares began trading Wednesday at $23 a share, or 9% above their initial public offering price of $21. That gave the fashion rental platform a fully diluted valuation of about $1.7 billion. The stock has continued to climb on its first market debut, having recently risen more than 11%. On Tuesday, Rent … Read more