Italian Satellites

Hi ZipLawyer! Are IPOs making a comeback?

Wall Street Poised for IPO Encore

Wall Street bankers are dusting off their IPO pitch decks, ready for a 2025 listing surge. With private equity firms eyeing the strong equity market, major players like Medline and Genesys are already gearing up to go public. A 60% jump in IPO fundraising in 2024, helped by falling interest rates and Trump’s business-friendly vibes, set the stage. But this time, it’s less of a “tech bros gone wild” vibe—bankers expect more established, profitable companies to lead the charge.

Italy’s €1.5B Satellite Chat with SpaceX

Italy is dialling up Elon Musk for a €1.5 billion secure telecom deal, potentially Europe’s biggest satellite communications project. The five-year arrangement, backed by Italy’s Intelligence Services and Defence Ministry, includes encrypted comms and emergency services for the military. Talks sped up after PM Giorgia Meloni’s Trump met up (guess SpaceX got a shoutout). While the EU’s IRIS² was considered, SpaceX’s rapid growth and better pricing seem to have clinched it. Looks like Elon’s satellites might soon have an Italian accent.

Musk vs Farage: A Plot Twist on X

In an unexpected plot twist, Elon Musk turned on his pal Nigel Farage, calling for a new Reform UK leader after Farage refused to back Musk’s hot takes. Just weeks after calling Reform UK “Britain’s last hope,” Musk fired shots on X, saying Farage’s leadership wasn’t cutting it. The beef reportedly started when Farage declined to support Musk’s spicy remarks about PM Keir Starmer and rejected Tommy Robinson’s entry into the party. Farage stuck to his guns, saying he won’t trade principles for popularity.

Trudeau Exit Rumours Shake Canada

Is Justin Trudeau about to pack it in? Rumours are swirling that Canada’s PM is planning his resignation, fuelled by Finance Minister Chrystia Freeland stepping down over policy disputes. If Trudeau bows out, it could spark a leadership race featuring names like Freeland, Mark Carney, and François-Philippe Champagne. Meanwhile, the Liberal Party’s future hangs in the balance, with a non-confidence vote looming and Conservatives way ahead in the polls.

Clyde & Co Saddles Up in Texas

Clyde & Co is saddling up in Dallas with its latest merger—this time teaming up with local insurance litigation firm Tillman Batchelor. Bringing along name partners Mark Tillman and Colin Batchelor (plus six staff), the merger boosts Clyde’s insurance game in Texas, a hotspot for its clients. With 19 offices across North America and a 10% revenue bump last year, Clyde & Co isn’t slowing down anytime soon. Everything’s bigger in Texas, including Clyde’s ambitions.

Arsenal & Liverpool Settle COVID-19 Insurance Face-off

Arsenal and Liverpool just closed a multimillion-pound chapter, settling their COVID-19 insurance spat. The issue? Whether pandemic losses counted as a single event or multiple claims under their policies. Insurers argued for a £500,000 cap (except West Ham, who got a £1 million cap—lucky them), but the clubs weren’t having it. Clifford Chance represented Arsenal and Liverpool, while Slaughter and May acted for the insurers.

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