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Alphabet-backed Oscar Health valued at $7.09 billion in lackluster debut

By Reuters Staff 2 Min Read (Reuters) - Shares of Oscar Health fell more than 7% in their stock market debut on Wednesday, fetching a valuation of just over $7 billion for the health insurance startup backed by Google parent Alphabet Inc. The companyโ€™s shares opened at $36 on the New York Stock Exchange, below its initial public offering (IPO) price of $39 per share. Oscar Health raised $1.2 billion from its offering of 31 million shares on Tuesday, after increasing the price range. Oscar Hea...
Donald Trump Kevin Nazemi Devika Syamnath Josh Kushner Jared Kushner Mario Schlosser

Brazil's Cosan issues $113 million in new shares as part of restructure

By Reuters Staff 2 Min Read FILE PHOTO: The company logo for Cosan is displayed on a screen on the floor of Brazils B3 Stock Exchange in Sao Paulo, Brazil, July 25, 2019. Picture taken July 25, 2019. REUTERS/Amanda Perobelli RIO DE JANEIRO (Reuters) - Brazilian sugar and ethanol producer Cosan SA will issue roughly 638 million reais ($113 million) of new share capital to fully incorporate shareholders of subsidiary Cosan Logistica SA, the company said on Tuesday. In December, Cosan said it pla...
New York United States Cosan Logistica Jane Merriman Thomson Reuters Trust Principles American Depository Shares

UK gilt issuance to be second-highest on record at almost 250 billion pounds: Reuters poll

4 Min Read LONDON (Reuters) - Britain is likely to sell nearly 250 billion pounds ($347 billion) of government bonds in the coming financial year - the second-highest total on record - to help power an economic recovery from the COVID-19 pandemic, a Reuters poll of dealers showed on Tuesday. FILE PHOTO: Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria companys headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger/File Photo The sur...
United Kingdom City Of Larry King Cathal Kennedy Panos Giannopoulos Andy Bruce

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Abu Dhabi's Mubadala hires banks for euro bonds - document

2 Min Read DUBAI (Reuters) - Abu Dhabi state fund Mubadala has hired banks to arrange a planned dual-tranche issue of euro-denominated bonds, a document seen by Reuters showed. Slideshow ( 2 images ) Citi and JPMorgan were hired as global coordinators, with Abu Dhabi Commercial Bank, BNP Paribas, First Abu Dhabi Bank, ING, Morgan Stanley and Standard Chartered as joint bookrunners, the document from one of the banks showed. They will hold investor calls starting on Tuesday, to be followed by an...
United Arab Emirates Abu Dhabi Commercial Bank Abu Dhabi Abuz Aby Yousef Saba Alexander Smith

The board of directors of OssDsign has resolved on a fully guaranteed rights issue of approximately SEK 240 million in combination with an over-allotment option of approximately SEK 30 million

Sรถk The board of directors of OssDsign has resolved on a fully guaranteed rights issue of approximately SEK 240 million in combination with an over-allotment option of approximately SEK 30 million NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONGKONG, JAPAN, NEW ZEELAND, SINGAPORE, SOUTH AMERICA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIR...
United States New Zealand Hong Kong South Africa Thomas Eklund Newton Aguiar
Source: di.se

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