Uber Technologies Inc, PayPal Holdings Inc and Walgreens Inc on Monday said they launched an $11 million fund to provide free ride-hail trips to U.S. COVID-19 vaccination sites for people who lack access to transportation.
Alkami Technology Inc on Monday raised the target price range for its U.S. initial public offering, lifting the banking software provider's aimed valuation to about $2.33 billion.
By Reuters Staff
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(Reuters) -Alkami Technology Inc is aiming for a valuation of up to $2.08 billion in a U.S. initial public offering (IPO), the banking software provider said in its prospectus on Monday.
The company said it was looking to raise as much as $150 million by selling 6 million shares at a price range of $22 to $25 per share.
Reuters reported on the Plano, Texas-based firm’s IPO plans in February.
Backed by investors including General Atlantic and D1 Capital, Alkami supplies cloud-based platforms that banks and credit unions can use to set up digital offerings for their retail and business customers.
Euro hits 5-month low vs dollar ADP data shows increased hiring for February Graphic: World FX rates tmsnrt.rs/2RBWI5E (Adds new comment, U.S. data, updates prices, changes byline, dateline; previous LONDON)
NEW YORK, March 31 (Reuters) - The dollar hit a one-year high versus the yen and multi-month peaks with other currencies on Wednesday as investors bet that fiscal stimulus and aggressive vaccinations will help the United States lead a global pandemic recovery.
The dollar index, a gauge of its value against six major currencies, however fell 0.2% to 93.075. But it was on track to post its best quarter since June 2018 with gains of 3.4%.
By Reuters Staff
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April 1 (Reuters) - Global payment processor Mastercard Inc will invest $100 million in Airtel Africa’s mobile money operations, valuing the business at $2.65 billion, the London-listed company said on Thursday.
Airtel Africa is targeting a public listing of Airtel Mobile Commerce BV (AMC BV) within the next four years. Earlier this month, private equity firm TPG’s The Rise Fund invested $200 million in AMC BV.
Mastercard will hold a minority stake in AMC BV, in line with Airtel Africa’s plan to monetise the mobile money business by selling up to a 25% stake in the unit, the company said.