Page 95 - Corporate Changes News Today

Petco, the provider of pet health and wellness, sold 48 million shares at $18 each, above its $14 to $17 price range.

Petco has been publicly traded twice before, but was taken private both times.

Order Reprints Text size Poshmark stock has more than doubled from its IPO price. CEO Manish Chandra sees the secondhand market ramping up for branded apparel and other goods as consumers embrace social selling. Michael Nagle/Bloomberg Poshmark on Thursday continued the recent run of spectacular venture-backed initial public offerings, priced at $42 a share, above the $35 to $39 target range and opening at $97.50, a gain of more than 130% from the IPO price. Poshm...

Order Reprints Print Article Payments company Affirm Holdings gave investors a post-IPO pop on Wednesday. It also provided more insight into another hot stock: Peloton Interactive. The two companies have a symbiotic relationship, according to MKM Partners analyst Rohit Kulkarni. Consumers often use Affirm’s (ticker: AFRM) no-interest payment plans to pay for Peloton (PTON) equipment, such as its $1,895 base bike, he notes. Kulkarni... Close Payments company Affirm Holdings gave inve...

Jan. 12, 2021 7:45 pm ET A blank-check company backed by energy investment firm ArcLight Capital Partners agreed to acquire and take public electric vehicle company Proterra Inc. in a deal that gives it an enterprise value of about $1.6 billion. ArcLight Clean Transition Corp. , the special-purpose acquisition company, will use $278 million raised through an initial public offering in September as well as $415 million being raised in a private investment in public securities transactio...

Investors were looking for reasons to buy stocks as they watched politics and pandemic updates.

Americans Won’t Be Banned From Investing in Alibaba, Tencent and Baidu Nine other Chinese companies will be added to Pentagon’s Chinese military companies list President-elect Joe Biden has sent signals that the U.S. will remain tough on China, from trade to technology. WSJ’s Jonathan Cheng explains the new administration’s policy approach and how China might respond. Photo: Lintao Zhang/Xinhua/Associated Press By Updated Jan. 13, 2021 5:32 pm E...

abby Jones/Bloomberg Affirm late Tuesday priced an offering of 24.6 million Class A shares at $49 each, above the recently increased target range of $41 to $44 a share. The original range was $33 to $38. The IPO price values the consumer lender above $15 billion, once accounting for all outstanding shares and stock options. The offering is led by Morgan Stanley, Goldman Sachs, and Allen & Co. Affirm will trade on Nasdaq under the symbol AFRM. Shares are set to begin trading Wednesd...

Lenovo Plans China Listing, Sending Stock Soaring Shares in the world’s largest PC maker hit their highest level since 2015 Lenovo intends to join the STAR Market, China’s answer to the Nasdaq. Photo: philippe lopez/Agence France-Presse/Getty Images By Updated Jan. 13, 2021 10:08 am ET Lenovo Group Ltd. is capitalizing on two booming markets, Chinese stocks and the global PC industry, to list in Shanghai. The company is the world’s largest make...

Advent-backed InPost to launch IPO Parcel locker firm aims to expand in France, Spain and Italy By Wednesday January 13, 2021 1:06 pm Polish parcel locker firm InPost is to launch an initial public offering (IPO) in Amsterdam as it looks to expand its operations beyond its home market and the UK. The Advent International-backed courier firm, which operates automated lockers in supermarket car parks and other public places, plans to take advantage of the massive increase in online shop...