Shares of U.S. gaming company Roblox Corp closed up 54.4% in its New York Stock Exchange trading debut on Wednesday, valuing the company at $45.2 billion.
Video-conferencing platform Zoom Video Communications Inc founder Eric Yuan transferred about 18 million shares worth over $6 billion last week, according to a regulatory filing.
By Reuters Staff
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(Reuters) - Social Finance Inc, or SoFi, said on Tuesday it would buy community bank Golden Pacific Bancorp for about $22.3 million in an all-cash deal, accelerating the online lender’s push to become a national bank.
SoFi said it would pay $2.55 for every share of Sacramento, California-based Golden Pacific.
Separately, SoFi also announced the launch of its first-ever credit card.
In January, the startup was valued at $8.65 billion in a deal with a blank-check firm backed by veteran investor Chamath Palihapitiya.
Founded in 2011, SoFi capitalized on the retrenchment of banks from large swaths of consumer lending in the aftermath of the 2008 financial crisis.
Malaysia's Top Glove Corp said on Tuesday an independent consultant had concluded that there was no systemic forced labour at the company as of January.
By Reuters Staff
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MILAN (Reuters) - Ruffini Partecipazioni, the investment vehicle of Moncler CEO Remo Ruffini, said on Tuesday it would place shares equal to a stake of around 3.2% in the Italian luxury puffer jacket maker via an accelerated bookbuilding process.
The price guidance for the placement was 48.80 euros, below the stock’s closing price on Tuesday of 50.32 euros, according to one of the bookrunners.
The placement, made to certain institutional investors, follows agreements struck as part of Moncler’s takeover of smaller Italian high-end streetwear and fashion brand Stone Island signed last year.
The move is meant to ensure that Ruffini Partecipazioni’s stake in Moncler does not cross the 25% threshold that, under Italian rules, would trigger a mandatory buyout offer on the outerwear maker.