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JP Morgan, Jefferies and
RBC Capital Markets are acting as joint bookrunners on the subscription-based data security and analytics software firm s offering.
The proceeds will be used for general corporate purposes including working capital, capex and potential acquisitions.
Varonis first common stock sale since its US$121m IPO priced at US$22 in 2014 (though it raised US$253m from a CB sale in May 2020) launched a day after the company reported a 31% gain in four quarter revenue to US$95.2m (above the US$84m consensus estimate) and announced a three-for-one stock split.
The stock rose 10.1% to US$201.64 in Tuesday s session before the deal was launched post-close for pricing post-close Wednesday. At current prices, the offering would represent about 6% of outstanding.
Seventy years after its founding with an 18-month mandate to provide emergency aid to the “Palestine refugees,” the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) has grown into a gargantuan $1.2 billion, 30,000-strong “phantom sovereignty”[1]Â that has done more than any other international actor to perpetuate the “refugee problem” it was established to solve. With the Trump administration slashing its donation to the agency, and the Gulf states and the Europeans demanding greater transparency regarding its finances and operations, UNRWA may at long last be approaching its moment of truth.
The Original Mandate and Its Demise