The contract is not yet signed, but the standstill period where other tenderers may come with objections has already passed. The DERF team will now start to.
Reuters
3 minute read
FIGS Inc co-founders Heather Hasson and Trina Spear arrive at the NYSE with FIGS ambassadors to celebrate the company s initial public offering in New York City, U.S., May 27, 2021. NYSE/Handout via REUTERS
FIGS Inc s (FIGS.N) shares jumped nearly 29% in their market debut on Thursday, valuing the company at $4.57 billion, indicating robust investor interest after the maker of medical scrubs, face masks and shields saw a jump in demand during the COVID-19 pandemic.
The shares opened at $28.30 each, up from the offer price of $22 each, in what was the first listing to be included on Robinhood s platform which will give retail investors the opportunity to buy shares in initial public offerings. read more
ByteDance, the Chinese owner of short video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct knowledge of the matter said on Wednesday.
Temasek Holdings-backed payments firm Flywire Corp (FLYW.O) was valued at $3.39 billion in its Nasdaq debut on Wednesday, 239% higher from its valuation after a funding round in February last year, according to data from Pitchbook.
Middle EastAbu Dhabi back to bond markets despite rebound in oil
Yousef Saba
3 minute read
Abu Dhabi plans to sell U.S. dollar bonds on Tuesday in its first foray in the international debt markets this year, raising cash for state coffers despite a recent rebound in oil prices.
The oil-rich emirate gave initial guidance of 70-75 basis points over U.S. Treasuries for seven-year U.S. dollar-denominated bonds expected to price later in the day. It did not say how much it intended to raise.
The United Arab Emirates, where Abu Dhabi is the capital, was hit hard by the COVID-19 pandemic and last year s crash in oil prices, but a rebound in global crude demand as economies re-open has reduced the urgency to borrow for budget purposes.