All articles tagged with #stock offering
Tilray Brands reported a surprise profit and saw its stock rise, but then announced a large share offering and potential share sales by a shareholder, leading to a significant stock decline and investor disappointment.
Gemini, the cryptocurrency exchange led by the Winklevoss twins, raised $425 million in an IPO priced above its initial range, with shares set to trade on Nasdaq under GEMI, marking a significant move in the crypto and tech sectors.
Circle Internet Group's stock fell over 5% after announcing a public offering of 10 million shares, with 2 million offered by the company and 8 million by existing shareholders. Despite the offering, shares rose 1.3% after reporting its first quarterly results, with revenue up 53% driven by stablecoin growth, though the company posted a loss due to IPO-related charges.
Circle Internet Group's stock fell after announcing a new share offering, despite reporting a strong quarterly revenue increase and growth in USDC circulation. The company plans to raise approximately $309 million for various corporate purposes and continues to expand its product offerings and partnerships in the crypto industry.
President Trump is consulting with major bank CEOs about potentially monetizing Fannie Mae and Freddie Mac through a public stock offering, which could be one of the largest IPOs ever, as part of efforts to privatize these government-sponsored enterprises that have been under government control since 2008.
Voyager Technologies announced the pricing of its IPO, offering 12.3 million shares at $31 each, with plans to list on the NYSE under the ticker 'VOYG' on June 11, 2025, to fund growth, R&D, and potential acquisitions.
Trump Media & Technology Group raised approximately $2.44 billion through stock sales and convertible bonds to create a Bitcoin treasury, joining a trend of US companies expanding into cryptocurrency assets, with plans to use the proceeds for strategic growth and asset acquisition.
Trump Media & Technology Group's stock plummeted over 15% after announcing a new public stock offering of 21.5 million shares, which would significantly devalue existing shareholders' stakes, including that of former President Donald Trump. The company's financial struggles, tied to Trump's polarizing association, have led to eye-popping stock swings, with experts warning retail investors about its sky-high valuation and lack of fundamentals. Despite Trump's majority ownership, the company is in dire need of funds, facing substantial doubt about its ability to continue operating and potential risks from Trump's ongoing legal proceedings.
Super Micro Computer's shares dropped 5% after pricing a public stock offering at a discount, erasing about 28% from its market capitalization over five consecutive declining sessions. The AI server maker is selling 2 million shares at $875.00 each, expecting to make $1.75 billion in gross proceeds, and its recent surge in market value led to its inclusion in the S&P 500 index.
Super Micro Computer's shares dropped 5% after pricing a public stock offering at a discount, erasing about 28% from its market capitalization over five consecutive declining sessions. The AI server maker is selling 2 million shares at $875.00 each, expecting to make $1.75 billion in gross proceeds, and its recent surge in market value led to its inclusion in the S&P 500 index.
Super Micro Computer's shares plummeted after the company announced a plan to sell 2 million additional shares of common stock, causing its total shares outstanding to exceed 58.5 million. The stock had previously surged due to excitement around generative artificial intelligence, but fell 9% on the stock market following the news. Despite this, Super Micro stock still ranks first in IBD's computer hardware industry group and is on two IBD stock lists: Big Cap 20 and Tech Leaders.
Altria Group Inc. plans to sell a portion of its stake in Anheuser-Busch InBev SA for over $2 billion to fund its own share repurchases, with AB InBev also agreeing to repurchase $200 million of shares directly from Altria. The move comes as Altria faces increasing competition in cigarette alternatives and may use the proceeds to develop its own non-combustible products, such as vape and oral nicotine pouches.
Altria Group, Inc. intends to sell a portion of its investment in Anheuser-Busch InBev SA/NA through a global secondary offering, including public offerings and private placements. The company plans to use the proceeds for additional share repurchases of its common stock and has filed a registration statement with the U.S. Securities and Exchange Commission for the offering. Altria currently holds approximately 10% ownership in ABI and is offering 35 million of ABI’s ordinary shares. The offering and the partial sale of the investment have been approved by Altria's Board, and Morgan Stanley is acting as the lead underwriter for the proposed offering.
Viking Therapeutics stock experienced a volatile week following the announcement of positive phase II clinical trial results for its weight-loss drug, VK2735, causing shares to more than double on Tuesday. Despite a subsequent 15% drop after a stock offering, the stock has seen a 322% increase since the beginning of the year. The drug's impressive weight-loss results have sparked Wall Street's interest, with analysts raising peak sales estimates and suggesting that Viking could be an acquisition target for big pharmaceutical companies.
Nikola Corp (NASDAQ:NKLA) shares are trading lower after the company announced proposed offerings of $100 million of common stock and $200 million of green convertible senior notes due 2026. The company plans to use the net proceeds for working capital and general corporate purposes, as well as finance or make direct investments in eligible projects. This news follows Nikola's recent increase in unrestricted cash position and comes as the stock faces heavy selling pressure, down over 54% since the beginning of the year.