(Reuters) – U.S. residential building materials maker Builders FirstSource Inc (BLDR.O) on Thursday agreed to buy BMC Stock Holdings Inc (BMCH.O) in an all-stock deal that values the smaller rival at about $2.5 billion. Shares of BMC closed 22.4% higher at $39.45, while Builders FirstSource’s stock rose 8.4% to close at $30.24. The deal comes […]
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(Reuters) – Sequoia-backed Snowflake Inc on Monday published financial statements for the first time, revealing a surge in revenue growth and huge losses, as the cloud-based data warehouse firm prepares for a high-profile public listing in the coming weeks. Snowflake confidentially filed to go public earlier this year, shortly after its last funding in February […]
(Reuters) – Cloud-based data warehouse firm Snowflake Inc made the filing for its initial public offering public on Monday, setting the stage for yet another high-profile tech debut this year. Sequoia-backed Snowflake, which was valued at over $12 billion during its last fund raise, confidentially filed to go public earlier this year. Sequoia owned an […]
DETROIT (Reuters) – Canoo Holdings Ltd, a U.S. electric vehicle startup already working with South Korea’s Hyundai Motor, will go public later this year at a value of $2.4 billion and aims to start delivering vehicles by the second quarter of 2022. It has joined forces with a so-called special purpose acquisition company, or SPAC, […]
BEIJING (Reuters) – KE Holdings, operator of housing platforms Beike Zhaofang and Lianjia, is open to a secondary listing in Hong Kong or mainland China, after raising around $2 billion on Thursday in the biggest U.S. IPO by a Chinese company in two years. The U.S. listing went ahead despite escalating tensions between the world’s […]
(Reuters) – Roper Technologies Inc (ROP.N) said on Thursday it would buy Vertafore Inc, a private equity-owned insurance software vendor, for about $5.35 billion, in what would be its largest takeover deal to date. Reuters had earlier reported that the company was competing with private equity firms in an auction for Vertafore, which is owned […]
SEOUL (Reuters) – Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, saw a 27% jump in half-year profits as its online concert and merchandise sales more than offset event cancellations during the COVID-19 pandemic. Earlier this month, Big Hit received preliminary approval for its planned initial public offering (IPO), […]
ZURICH (Reuters) – Liberty Global (LBTYA.O) plans to take over Switzerland’s Sunrise Communications (SRCG.S) in a surprise $7.4 billion deal announced by the companies on Wednesday. The agreed deal reverses Sunrise’s failed bid to buy Liberty’s Swiss business last year and marks a strategic reversal by the U.S. company which has been divesting European assets. […]
FRANKFURT (Reuters) – CureVac, one of Germany’s leading contenders to develop a COVID-19 vaccine, said it aims to raise up to $245 million in an initial public offering (IPO) on the U.S. Nasdaq. The biotech firm said on Monday it plans to offer a total of up to 15.33 million new shares, adding they would […]
GoodRx makes filing public in frenetic week for U.S. IPOs
(Reuters) – GoodRx Holdings Inc revealed its initial public offering documents on Friday, marking yet another major filing during a week that has already seen Palantir Technologies, Asana and Unity Software unveil their paperwork to go public. Reuters first reported earlier in August that the U.S.-based online prescription drug marketplace had confidentially submitted paperwork with […]