Andrea Pignataro’s ION Group borrowed billions of dollars from US private lender HPS Investment Partners in recent years to fuel an acquisition spree, adding a layer of expensive loans to the pile of publicly traded debt already weighing on the Italian tycoon’s financial technology (fintech) empire.
Back in 2018, a Taiwanese streaming and online-dating service made history on the New York Stock Exchange (NYSE). For the first time, the shares of a company that rang the listing bell never traded.