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Ventia in Talks With Investors Over Potential IPO: AFR


Ventia in Talks With Investors Over Potential IPO: AFR
May 24 2021, 6:12 AM
May 23 2021, 6:40 PM
May 24 2021, 6:12 AM
(Bloomberg)
(Bloomberg)
Ventia Pty Ltd., a telecommunications, infrastructure and utilities services company, has tested investor appetite for a potential initial public offering, The Australian Financial Review reports, citing unidentified sources.
The company made a confidential pitch to some of Australia’s biggest fund managers last month and banks are said to be waiting for a formal request to move ahead with plans for an IPO.
Ventia arranged the meetings itself, and not alongside its two biggest investors Cimic Group Ltd. and Apollo Global Management, according to the AFR report. Analysts estimate a listing could value Ventia at more than 3.5 billion Australian dollars ($2.7 billion). ....

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Biden's Plans Face Youngstown Test That Defeated Trump and Obama


Biden’s Plans Face Youngstown Test That Defeated Trump and Obama
May 24 2021, 6:15 AM
May 23 2021, 7:30 PM
May 24 2021, 6:15 AM
(Bloomberg Markets) During Youngstown, Ohio’s industrial heyday, the box-like building on West Boardman Street was home to the printing plant of the Vindicator, a venerable broadsheet that took on big business, corrupt politicians, and organized crime. Today it’s home to the future of American manufacturing—or the company behind at least one version of it: the JuggerBot Tradesman P3-44, a 3,400-pound, $225,000 3D printer built for.
(Bloomberg Markets) During Youngstown, Ohio’s industrial heyday, the box-like building on West Boardman Street was home to the printing plant of the ....

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Mainstream Markets Shrug at Volatile $1 Trillion Crypto Rout


Mainstream Markets Shrug at Volatile $1 Trillion Crypto Rout
May 24 2021, 6:38 PM
May 24 2021, 2:02 PM
May 24 2021, 6:38 PM
(Bloomberg)
(Bloomberg)
Traditional assets are riding out the cryptocurrency storm so far, a sign that mainstream exposure to volatile digital tokens may be comparatively limited.
MSCI Inc.’s global equity gauge edged up last week even as the Bloomberg Galaxy Crypto Index endured a near 40% plunge, the worst since the onset of the pandemic last March. Treasuries and the dollar were largely steady.
“Anyone with a reasonable asset allocation would have a very small asset allocation to crypto,” Saxo Markets APAC Chief Executive Officer Adam Reynolds said in an interview with Bloomberg Television. “I don’t think it should make up so much of someone’s portfolio that these sorts of moves are going to be damaging to someone’s own finances.” ....

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Ferrari Pitches $500,000 Hybrid Supercar as a Bargain for Daily Driving


Ferrari Pitches $500,000 Hybrid Supercar as a Bargain for Daily Driving
May 24 2021, 5:18 PM
May 24 2021, 4:20 PM
May 24 2021, 5:18 PM
(Bloomberg) The main thing Ferrari will tell you about the 2021 Ferrari SF90 Stradale is how much of a bargain it is.  
(Bloomberg) The main thing Ferrari will tell you about the 2021 Ferrari SF90 Stradale is how much of a bargain it is.  
The arithmetic requires some squinting around the edges of elitism and a healthy injection of relative logic. It goes like this: The two-door coupe is the second hybrid from Modena, Italy’s crown jewel, the first being the La Ferrari of 2013. That car, which had 950 horsepower, cost more than €1 million ($1.2 million) when it debuted, and examples today sell for $4 million (and an additional million for the convertible version). The new SF90 Stradale, with 986 horsepower, starts at the breezy bargain basement price of $507,300. (One fine distinction: The ....

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