Page 96 - Corporate Changes News Today

Intel had snatched away VMware CEO Pat Gelsinger to replace Bob Swan and fix the troubled chip giant is weighing heavily on shares of both VMware and Dell Technologies, which has an 80.6% stake in the company. Last year, Dell (ticker: DELL) confirmed press reports that it was considering spinning off its VMware stake to current Dell holders. In such a transaction, VMware (VMW) would likely pay a large cash dividend back to Dell that the PC maker would then use to reduce i...

Affirm Stock Skyrockets After IPO Point-of-sale lender’s stock briefly exceeded $100 in early trading and closed at almost double its initial offering price Affirm Holdings started trading on the Nasdaq under the symbol AFRM. Photo: Gabby Jones/Bloomberg News By Shares of Affirm Holdings Inc. surged in the company’s trading debut Wednesday. The buy-now, pay-later fintech firm, trading on the Nasdaq under the symbol AFRM, jumped as high as $103 shortly ...

PREVIEW SUBSCRIBE The company’s soaring debut is significant because Qilian has been waiting a long time to go public, initially filing for an IPO in November 2019. When Qilian finally did price its offering, the company raised $25 million after selling 5 million shares at $5 each, the low end of the range of $5 to $7 investors had been told to expect. Univest Securities, Loop Capital Markets, and Alexander Capital are underwriters on the deal. According to Qilian’s prospectus, sales at t...

Order Reprints Text size People walking outside a Walmart a store in Washington, D.C. Nicholas Kamm/AFP via Getty Images Walmart stock is rising following the news that the retail giant is pushing into fintech with its latest partnership, the latest in a string of moves diversifying away from its core business. Walmart (ticker: WMT) announced on Monday that it would create a fintech start-up with Ribbit Capital, a backer of Robinhood and Credit Karma. The new com...

The list of high-profile companies looking to tap the public equity markets is getting longer. Mytheresa, the luxury fashion platform, set terms for its initial public offering Tuesday. The company plans to sell 15.6 million shares at $16 to $18 each. Each American depositary receipt represents one ordinary share. Mytheresa plans to trade on the New York Stock Exchange under the ticker MYTE. Mytheresa is expected to price its IPO on Jan. 20 and trade the next day, a person familiar with the si...

Nopparat Khokthong/Dreamstime.com IAC/InterActiveCorp shares were trading higher Tuesday after the internet holding company announced a strong financial update, and Wall Street responded with positive commentary on the stock. IAC (ticker: IAC) has been issuing monthly financial updates on all of its business lines, and the December update included positive signs from several of its businesses. Most important, the company said that revenue at Vimeo, a provider of cloud-based ...

Jan. 11, 2021 5:30 am ET Bluebird Bio Inc., a biotech pioneer in the field of gene therapies, plans to split itself in two later this year, spinning off its cancer-drug unit into a new, publicly traded company so it can focus on rare diseases. Bluebird Chief Executive Nick Leschly will helm the new cancer company and assume a new position as executive chairman of Bluebird. Andrew Obenshain, currently Bluebird’s president of severe genetic diseases, will become its chief executive, t...

By Jack Denton Order Reprints Text size The U.K. approval marks a major expansion by Starlink, part of SpaceX, into Europe. Getty Images The antennas for the satellite broadband system founded by Elon Musk, Starlink, have been granted a license by the U.K.’s communications regulator, opening the door for the company’s expansion into another major market. Starlink is a part of SpaceX, the private space-exploration company founded by Musk, but the bil...

A company called Bakkt, which was started by Intercontinental Exchange (ticker: ICE), the owner of the New York Stock Exchange, announced on Monday that it planned to go public. Bakkt, founded in 2018, initially made waves by launching a Bitcoin futures product. But the company appears most focused now on a digital app that allows people to trade and spend various kinds of digital assets—from cryptocurrencies to loyalty points from businesses like Starbucks to videogame rewar...

Dreamstime Covid-19 lockdowns kept many scientists from their labs, and the interruption showed in the mid-2020 results of Illumina, the supplier of technology for reading the genetic code. Illumina’s business has now bounced back, its chief executive, Francis deSouza, told an online audience at J.P. Morgan’s annual health-care conference on Monday. He said that December 2020 quarter revenue was $950 million, or roughly flat with the quarter a year ago. Analysts had expe...