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Exodus From London To New York: Why More Companies Are Seeking US Stock Listings
Thursday, February 22, 2024 - 1:16pm | 831The U.K. stock market is leaking. Drugmaker Indivior Plc (NASDAQ:INDV), on Thursday, became the latest London Stock Exchange (LSE)-listed company to announce it was seeking a primary listing in New York. For some companies, it makes good sense commercially. Building materials supplier Ferguson Plc...
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SEC Delays Another Bitcoin ETF Decision. This Time It's Valkyrie
Wednesday, June 23, 2021 - 5:08pm | 303The United States Securities and Exchange Commission (SEC) delayed its decision on yet another Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) proposal. What Happened: According to documents released by the SEC on Tuesday, the regulator decided to postpone its decision on...
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EV Maker Fisker To Make NYSE Trading Debut Today After SPAC Merger
Friday, October 30, 2020 - 12:06am | 401Electric vehicle maker Fisker Inc announced Thursday it has completed a reverse merger with the blank check company Spartan Energy Acquisition Corp (NYSE: SPAQ). What Happened: Both companies will merge in a business combination to create a new entity whose Class A common stock will list...
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Multiplan To Go Public In A Merger Deal With SPAC Churchill Capital At $11B Valuation
Monday, July 13, 2020 - 2:49am | 329Multiplan on Sunday announced the company had reached a merger deal with special purpose acquisition company (SPAC) Churchill Capital III Corp. (NYSE: CCXX), which values the company at $11 billion. What Happened The merger will allow the healthcare solutions provider to go public without...
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Online Insurer Lemonade Raises $319M In IPO
Thursday, July 2, 2020 - 4:09am | 231Lemonade Inc. (NYSE: LMND) raised $319 million in its initial public offering on Wednesday. The online insurance company sold 11 million shares priced at $29 each. Underwriters for the IPO will have an option to purchase an additional 1.65 million shares in a 30-day window. Goldman Sachs Group Inc...
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Grocery Retailer Albertsons Plans To Raise $1.3B In IPO
Friday, June 19, 2020 - 7:38am | 378Albertsons on Thursday said it expected to raise up to $1.3 billion in its initial public offering. IPO Pricing The grocery retailer is hoping to sell 65.8 million shares priced between $18 and $20 per share. Underwriters for the IPO will have an option to purchase additional 9.87 million...
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More Market Makers To Be Allowed Back On The NYSE Floor Wednesday
Tuesday, June 16, 2020 - 8:21am | 256Intercontinental Exchange Inc. (NYSE: ICE) owned New York Stock Exchange is allowing more market makers to return to the trading floor after partially reopening May 26. What Happened 25% more market makers, who oversee trading in the exchange’s 2,200 listed firms, will be added to the trading...
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Hertz Wants To Capitalize On Its Stock Rally, Seeks Permission To Sell Up To $1B In Shares
Friday, June 12, 2020 - 1:22am | 330Hertz Global Holdings Inc. (NYSE: HTZ) wants to take advantage of a spike in its stock price registered early this week, selling up to $1 billion in shares. What Happened On Monday, the car rental firm shares jumped to $5.53. The shares had closed at a record low of 56 cents on May 26, after the...
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Hertz Stock Jump 115%, Erases Post-Bankruptcy Losses As Travel Revives
Tuesday, June 9, 2020 - 6:06am | 440Hertz Global Holdings Inc. (NYSE: HTZ) stock bounced higher on Monday with record volumes, continuing a three-day streak of gains after the car rental company declared bankruptcy as COVID-19 severely impacted travel. What Happened Hertz stock rose 115.18% to $5.53, with a volume of 553 million...
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Fears Keeping Investors Out of the Market
Tuesday, September 15, 2009 - 8:35pm | 97Investors have shied away from buying stocks even though the volume of the market was expected to increase after the Labor Day Holiday. They might have probably been worrying about the impending big selloff around this period. Notably, the New York Stock Exchange had maintained an average...