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“#Krispy Kreme valued at $2.62B in lukewarm stock market return” Krispy Kreme shares fell 4 percent in a tepid Nasdaq debut Thursday, valuing the maker of the “Original Glazed” doughnut at $2.62 billion in its return to the stock market five years after it was taken private. The stock opened at $16.30, lower than its $17 initial…
“#’$40 billion’ Robinhood app tries to vault SEC hurdles” It’s a lot of money for a stock-trading app that’s supposedly free. Robinhood is slated to launch an initial public offering before summer’s end that could value the Silicon Valley-based company at $40 billion or more, people close to the underwriting group say. That would make…
“#NJ deli valued at more than $100M delisted from stock market” Shares of a New Jersey-based deli owner that was recently valued at more than $100 million despite the fact it only operates a single store have been delisted from the stock market. Cromwell Coulson, chief executive of the OTC Markets Group, the over-the-counter exchange…
“#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…