TechnologyAnalysis: U.S. companies snub SPACs amid concerns they cannot deliver
Echo WangAnirban Sen
4 minute read
A man wears a mask as he walks near the New York Stock Exchange (NYSE) in the financial district in New York City, U.S., March 2, 2020. REUTERS/Brendan McDermid
Advertising technology firm Simplifi Holdings was ready to go public last month at a valuation of close to $2 billion when some investors balked.
The Fort Worth, Texas-based company was seeking to raise around $300 million in financing for its merger with D and Z Media Acquisition Corp (DNZ.N), a special purpose acquisition company (SPAC) led by media entrepreneur Betty Liu.
BusinessAfter M&A boom via Zoom, dealmakers hit the road as COVID-19 subsides
Anirban SenKrystal Hu
3 minute read
A man wears a mask as he walks near the New York Stock Exchange (NYSE) in the financial district in New York City, U.S., March 2, 2020. REUTERS/Brendan McDermid
Investment bankersâ business of putting together mergers and acquisitions (M&A) has never been stronger. Neither has their fear of missing out on meeting clients.
Bankers are rushing to see company CEOs and other top executives in person as restrictions put in place to contain COVID-19 have eased. This is despite dealmaking through Zoom meetings having flourished, with M&A volumes in the first quarter of 2021 hitting a year-to-date record.
21/05/2021 11:45
A number of 964 fines, worth 244,800 RON, were issued in the past 24 hours as part of actions to check the way in which the measures to prevent and combat the effects of the COVID-19 pandemic are applied. Over 3,700 police officers, together with gendarmes, border police officers, ISU [Inspectorate for Emergency Situations] staff, local police officers, representatives of the ANSVSA [National Sanitary Veterinary and Food Safety Authority], ANPC [National Consumer Protection Authority], Ministry of Health, Ministry of Labor and Social Protection, Ministry of Transport and local public authorities, have conducted 669 verification actions at the national level, informs a release of the General Inspectorate of the Romanian Police (IGPR), sent, on Friday, to AGERPRES.
Retail & ConsumerOprah-backed Oatly raises $1.4 billion in IPO
Anirban SenEcho Wang
4 minute read
Oprah Winfrey takes part in the Women In The World Summit in New York City, U.S., April 10, 2019. REUTERS/Caitlin Ochs/File Photo
Swedish vegan milk maker Oatly Group AB (OTLY.O), which counts celebrities Oprah Winfrey and Natalie Portman among its backers, raised $1.4 billion in its U.S. initial public offering on Wednesday, the company said in a statement.
The company, whose investors also include rapper Jay Z and former Starbucks Corp head Howard Schultz, said it priced 84.4 million American depositary shares in the initial public offering at $17 each, at the top of its indicated range. This implies a valuation for the company of $10 billion.
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