The world of initial public offerings (IPOs) is about to face a shake-up, thanks to securities-trading firm Virtu Financial and its partnership with start-up ClearingBid. Together, they aim to challenge the long-standing practices that have governed IPO pricing for over a century. An Uphill Battle In the current landscape, investment-banking firms typically reserve shares of a … [Read more...] about Revolutionizing IPO Pricing
Forex News
Lagardere’s Financial Report
Lagardere, the French media company, revealed a decrease in net profit for 2023 as costs escalated, despite experiencing a boost in revenue primarily driven by its successful travel retail business. Key Highlights: Net Profit Decline: Lagardere reported a net profit of 144 million euros for 2023, dropping from EUR161 million in the previous year. Revenue Increase: Total … [Read more...] about Lagardere’s Financial Report
Emigrant Bank Names Liz Nesvold as Vice Chair
Emigrant has appointed Liz Nesvold as vice chair of Emigrant Bank and chair of Emigrant Partners, the unit that makes minority investments in registered investment advisory firms. This move comes after Nesvold's successful collaboration with Emigrant on various transactions since 2017. Trusting in Nesvold's Expertise CEO Howard Millstein expressed his excitement about … [Read more...] about Emigrant Bank Names Liz Nesvold as Vice Chair
Apple Abandons Car Project
The once highly-anticipated Apple car project appears to have come to an end, with the tech giant pivoting towards investing more resources into generative AI. Despite this significant shift in strategy, stocks of major auto companies like Ford Motor, General Motors, and Tesla remained relatively unaffected. Lack of Concrete Details After reports from Bloomberg surfaced earlier … [Read more...] about Apple Abandons Car Project
Japanese Drugstore Market Consolidation
Aeon Co. is set to merge its Japanese drugstore unit Welcia Holdings with rival Tsuruha Holdings in a strategic move to strengthen its foothold in the local market and extend its drugstore presence across Southeast Asia. Merger Agreement in the Works The trio of companies disclosed on Wednesday their intention to finalize the terms of the merger by the conclusion of 2027. The … [Read more...] about Japanese Drugstore Market Consolidation
