Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital. A newly-created entity, backed by permanent capital from Brookfield and Sequoia Heritage, will buy SVB Capital for a combination of cash and other economic considerations, SVB Financial said. It did… Continue reading Collapsed US lender SVB Financial to sell venture capital business
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UK-based Games Global targets up to $2.1b valuation in US IPOGames Global is offering nearly 6 million shares in the IPO.
Games Global, the UK-based maker of online casino-styled games, said on Thursday it was targeting up to $2.13 billion in valuation in its initial public offering in the United States. The U.S. IPO market is on a rebound in 2024 after a two-year dry spell amid firming hopes of a soft landing for the economy.… Continue reading UK-based Games Global targets up to $2.1b valuation in US IPOGames Global is offering nearly 6 million shares in the IPO.
Australia’s second-largest pension fund blacklists thermal coal investments
Australian pension giant Australian Retirement Trust said on Thursday it would stop investing in most thermal coal companies from July as part of a plan to hit net zero emissions across its portfolio by 2050. The A$280 billion ($183 billion) fund has introduced new rules to exclude any company that generates more than 10% of its revenue from… Continue reading Australia’s second-largest pension fund blacklists thermal coal investments
Clearwater Living’s Clearwater Newport Beach Named Best 55+ Luxury Assisted Living Community in Annual SAGE Awards
The assisted living and memory support community was honored for its design and high-quality of life NEWPORT BEACH, Calif., May 2, 2024 /PRNewswire/ — Clearwater Living®, a real estate and property management company dedicated to the ownership, operation, and development of high-quality senior living communities, earned prominent recognition today with the announcement that Clearwater Newport Beach,… Continue reading Clearwater Living’s Clearwater Newport Beach Named Best 55+ Luxury Assisted Living Community in Annual SAGE Awards
Universal Music Group N.V. Reports Financial Results for the First Quarter Ended March 31, 2024
Q1 2024 Results Highlights1 Revenue of €2,594 million increased 5.8% year-over-year, or 7.9% in constant currency, driven by solid growth in all segments. Recorded Music subscription revenue grew 10.7% year-over-year, or 12.5% in constant currency, and streaming revenue grew 8.9% year-over-year, or 10.3% in constant currency. Music Publishing revenue grew 16.7% year-over-year, or 18.4% in… Continue reading Universal Music Group N.V. Reports Financial Results for the First Quarter Ended March 31, 2024
Apple earnings on tap, investors digest Fed decision: Yahoo Finance
It’s a busy day on Wall Street with investors bracing for earnings from numerous top names, including Apple (AAPL), Coinbase (COIN), Block (SQ), DraftKings (DKNG), Peloton (PTON), Novo Nordisk (NVO), and Moderna (MRNA). Apple is in focus, with investors bracing for key sales numbers out of China. Traders are still digesting the Federal Reserve’s decision… Continue reading Apple earnings on tap, investors digest Fed decision: Yahoo Finance
Burn Boot Camp Celebrates Major Milestone with 400th Location
National Fitness Franchise Marks 12 Years with Expansion into New States CHARLOTTE, N.C., May 2, 2024 /PRNewswire/ — Marking a pivotal milestone in its expansion journey, Burn Boot Camp recently announced the grand opening of its 400th gym in Burlington, Massachusetts. This event highlights a momentous period of growth as the franchise also launches into… Continue reading Burn Boot Camp Celebrates Major Milestone with 400th Location
Pirum and S&P Global Market Intelligence Cappitech extend collaboration to cover upcoming SEC 10c-1a regulation
Following the success of their collaborative SFTR solution, the firms have announced plans to leverage Cappitech data validation, event creation and regulatory connectivity with Pirum’s RegConnect, creating an efficient and streamlined reporting solution for the new regulation. NEW YORK, May 2, 2024 /PRNewswire/ — Pirum, the post-trade services fintech that has been at the heart… Continue reading Pirum and S&P Global Market Intelligence Cappitech extend collaboration to cover upcoming SEC 10c-1a regulation
Finastra selects OpenFin to unlock advanced user experiences, enhanced productivity and tailored workflows for Kondor customers
Banks can accelerate their treasury transformation by seamlessly interacting with Finastra’s trading and risk management tools, and fintech partner ecosystem, via a web browser or desktop app LONDON, May 1, 2024 /PRNewswire/ — Finastra, a global provider of financial software applications and marketplaces, and OpenFin today announced a partnership to redefine the user experience of… Continue reading Finastra selects OpenFin to unlock advanced user experiences, enhanced productivity and tailored workflows for Kondor customers
Viking Announces Pricing of Upsized Initial Public Offering
LOS ANGELES, April 30, 2024 /PRNewswire/ — Viking Holdings Ltd (“Viking”) today announced the pricing of its upsized initial public offering of an aggregate of 64,041,668 ordinary shares at a public offering price of $24.00 per share. Viking is offering 11,000,000 ordinary shares and the selling shareholders are offering 53,041,668 ordinary shares. In addition, the… Continue reading Viking Announces Pricing of Upsized Initial Public Offering