Here s My Take on Raising Money and GameStop s Filing I think many folks - too many - are going to tell themselves what they need to hear on the offering to feel better about their position. Stocks quotes in this article: GME
Raise money while you can, not when you must.
Not enough companies live by the creed. They should, even if it annoys traders and some investors. I ve watched executives have to raise money from a point of weakness. The results weren t pretty. Excessive discounts, crippling warrants, and months or years of good news needed to clear out toxic financing.
As in the US, initial public offering activity out of Asia has had its strongest-ever start to a year. That frenzy for new shares is likely to taper off as demand falls back to earth in the next few months. Asian companies, like their global peers, notched their best first quarter for listings ever, thanks to a flood of liquidity during the pandemic, super-low interest rates, and rallying stock markets. The firms raised $49.3 billion through first-time share sales at home and abroad a 154% jump over the same period in 2020, data compiled by Bloomberg show. IPOs globally raised an unprecedented $215 billion, with almost half of that haul coming from the record wave of issuance by special-purpose acquisition companies in the US. Now, a global rotation out of highly-valued tech and health-care stocks that have dominated market activity, as well as fading excitement around SPACs in the U.S., is clouding the outlook for new deals.
I m Buying Arcturus Therapeutics Stock and Here s the Reason Why My COVID vaccine eligibility actually began about a week before my symptoms began.
I got the VID, man. Hence my Real Money column is earlier than usual this week. Trust me, you don t want this. Somehow I managed to transit to and from COVID catastrophe Brazil three times in four months and come away scot free (with negative RT-PCR test results to prove it) and then get smacked in the head with Corona when I returned to NYC. My head is pounding and it only stops when I take the CDC-approved, doctor-recommended treatment for this: Yes, Advil. Magic!
LG Electronics Opts to Kill Off Its Smartphone Business The Korean conglomerate, once the world s third largest mobile phone maker, failed to find a buyer for its loss-making business.
Korean electronics conglomerate LG Electronics on Monday announced its decision to kill off its smartphone operation. The board of directors approved the drastic move on Monday after LG failed to find a buyer for the business.
LG shares rose 2.8% at the open in Seoul on Monday on word that the company would cut its losses. But they gave that back and ended on a 2.5% loss on a day the Seoul market narrowly gained. The mobile phone business has lost some US$4.5 billion over the course of the almost six years in the red.