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“#Company behind a single NJ deli snags $100M market value” A company that owns a single deli in south New Jersey became worth more than $100 million on the stock market in recent months — marking the latest oddity of the “meme stock” era. Hometown International Inc. amassed the meaty valuation even though its sole…
“#Real estate giant Compass valued at $8.2B in NYSE debut” Shares of SoftBank-backed Compass jumped 18 percent in their stock market debut on Thursday, giving the real estate brokerage firm a market value of $8.22 billion, after being priced at the lower end of the reduced initial public offering price range. The stock opened at $21.25,…
“#Kanye West could now be worth more than $6 billion” Kanye West’s family life may be a disaster, but his finances are looking up. The “Runaway” rapper — whose wife of seven years Kim Kardashian filed for divorce last month after months of headline-grabbing turbulence — has seen his Yeezy shoe and streetwear empire surge…
“#Victoria’s Secret has soared in value during the pandemic” Victoria’s Secret is about to hit the block again — and the company’s price tag is set to grow a few sizes. Less than a year after a $1 billion deal to sell the struggling lingerie label got scrapped with the onset of the coronavirus crisis,…
“#SpaceX valuation reportedly soars to $74B in funding round” Elon Musk’s rocket-building company SpaceX reportedly snagged a roughly $74 billion valuation in a private fundraising round that wrapped up last week. SpaceX raised $850 million in equity funding at $419.99 per share, according to CNBC — just a penny shy of the $420 price that…
“#Reddit doubles valuation to $6B amid WallStreetBets frenzy” Reddit has doubled its valuation to $6 billion as the social network’s role in the recent stock market revolution thrust it into the spotlight. San Francisco-based Reddit said Monday that it raised more than $250 million in additional funding from a group of new and existing investors…
“#Dr. Martens valued at $5 billion in share sale” Dr. Martens boots have been valued by rebellious youth through the decades. Starting Wednesday, the maker of the famous air-cushioned boots with the distinctive yellow stitching will be valued at some $5 billion when it sells shares publicly. Born in the aftermath of World War II…
“#Buyout firm owned by Tom Gores eyes $4B sale: report” Portable toilets vendor United Site Services is exploring a sale that could value it at around $4 billion, including debt, as its hand wash stations business sees strong demand during the pandemic, people familiar with the matter said on Friday. Platinum Equity, the buyout firm…
“#Tesla market value crosses $800 billion for the first time” Tesla shares jumped as much as 5.6 percent Friday, pushing the electric-car maker’s market capitalization to more than $800 billion for the first time and inching closer to the trillion-dollar club. Tesla’s stratospheric rally has helped Chief Executive Elon Musk surpass Amazon boss Jeff Bezos…
“#Sneaker site StockX valued at $2.8B in new funding round” StockX — a fast-growing web destination of hard-to-find sneakers — said Wednesday it had raised $275 million in a new funding round that values the company at $2.8 billion. The latter figure, which includes the value of the fresh pile of cash, follows an exclusive…