Finance

Solar power equipment manufacturer Array Technologies conducted its initial public offering on October 14 raising $1.05 billion from it. Once the company goes public it will be trading under the ticker symbol ARRY in NASDAQ. The U.S based company priced its shares at $22 per share in the IPO selling 47.5 million shares hence fetching […]

Irish pharmaceutical company Mallinckrodt Plc. (MNK) filed for chapter 11 bankruptcy protection on October 12 with the U.S. Bankruptcy Court for the District Of Delaware. This filing comes at a time when the company is facing lawsuits alleging that it engineered opioid epidemic in the United States. Back in March, Mallinckrodt was ordered by the U.S […]

Provider of commercial data, analytics, and insights for businesses Dun & Bradstreet Holding Inc. (DNB) has announced that it will be purchasing Sweden based provider of marketing services and credit information to digital businesses Bisnode in a deal worth $812 million. In a statement, Dun & Bradstreet said it will be doing the acquisition through […]

U.S based healthcare insurance company Clover Health will be going public through a merger with a blank check company Social Capital Hedosophia Holdings Corp in a deal worth $3.7 billion inclusive of debt. This year numerous companies have opted to go public through mergers with blank check companies also known as special purpose acquisition company […]

Brazil based logistics and company Sequoia Solucoes Logisticas conducted an initial public offering in its home market on 5 October. According to Brazil’s market regulator the company fetched 1 billion reais ($179.39 million) in the IPO. In the IPO, the company priced its shares at 12.40 reais per share which was even lower than the […]

Independent oil and gas company Lonestar Resources Inc. (LONE) announced having filed for chapter 11 bankruptcy protection in the United States bankruptcy court for the southern district of Texas on 30 September. Mid-September the company had announced a restructuring support agreement with its largest shareholders which would see the company eliminate debt obligation and preferred […]

U.S based United Wholesale Mortgage LLC has announced that it will be going public through a merger deal with a special purpose acquisition company (SPAC) Gores Holdings IV Inc. (GHIV). This deal will value United Wholesale at $16.1 billion. SPAC’s are also referred to as blank check companies. Under the deal, United Wholesale will retain 94% […]