Rapid7’s shares surged over 9% following reports that the cybersecurity company is working with its investment bankers to consider options after receiving acquisition interest from buyout firms, as revealed by Reuters. The news has sparked investor excitement and indicates potential changes in the company’s ownership structure. This development highlights Rapid7’s attractiveness in the cybersecurity sector and its potential for significant shifts in the near future.
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JPMorgan Chase sets aside $50bn for direct lending in private credit push
In Unlock the Editor’s Digest for free, FT Editor Roula Khalaf highlights JPMorgan Chase's $50bn commitment to lend to risky companies backed by private equity firms, bypassing traditional debt markets. The move follows a trend among Wall Street lenders to bolster their private credit offerings, as the $2tn private credit asset class grows. JPMorgan's decision stems from its sale of HPS Investment Management in 2016 and aims to provide clients with more options and flexibility...
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