Ackman, whose New York-based hedge fund has more than $10 billion in assets under management, is working with investment banks Jefferies, UBS Group AG and Citigroup on the IPO, referred to on Wall Street as a special purpose acquisition company (SPAC), the sources said.
Schlagwort-Archiv: Financial
Amazon unveils small business credit line with Goldman in latest tie-up between tech and Wall Street
The move is the first time Amazon has agreed to let an outside financial institution make underwriting decisions for the hundreds of thousands of businesses on its platform
Paul Tudor Jones says companies can no longer exist just to maximize profits
Paul Tudor Jones on Wednesday critiqued the long-held belief that companies should exist for the sole purpose of generating profits.
The hot new thing to make your stock pop: Go bankrupt
Bankrupt names Hertz, Whiting Petroleum, Pier 1 and J.C. Penny saw their shares surging at least 70% each in Monday’s trading alone, some of which more than doubling.
Meet Nikola, the speculative electric vehicle stock that traders believe is as valuable as Ford
Nikola Corporation, which makes battery-electric and hydrogen-electric trucks, has more than doubled since it began trading on June 4.
Big jobs gain ‚has bought the Fed some time,‘ but more help eventually will be needed
In addition to signaling a possible turn in the economy, the big job gains in May give the Federal Reserve some more wiggle room before its next policy move.
Dems, GOP continue to spar over extension of extra $600 in unemployment benefits
Democrats and Republicans in Congress are butting heads over the extension of enhanced unemployment payments past July, when they’re scheduled to expire.
Stock market live updates: Dow to drop 900, reopening trades plunge, Hertz falls 25%
A conversation on the latest market-moving news.
Stocks making the biggest moves in the premarket: Target, Regeneron, Amazon, Eli Lilly & more
The stocks making the biggest moves in premarket trading include Target, Regeneron, Amazon, Eli Lilly, and more.
Companies are making bold promises about greater diversity, but there’s a long way to go
Investors will hold U.S. companies accountable to diversify and be representative of the country at large.