Monday, 30 Sep 2024

ITeos Therapeutics Prices IPO At $19/Shr, Above The Estimated Range

Trump’s ‘Person. Woman. Man. Camera. TV.’ Gets Hilariously Weird Makeovers

President Donald Trump’s detailed explanation of his cognitive test is taking on a life of its own ― especially the five words that he bragged about memorizing to “amaze” his doctors. 

Trump this week told Fox News that his doctor asked him to remember and repeat the words: person, woman, man, camera and TV. 

“They say, ‘That’s amazing. How did you do that?’ I do it because I have, like, a good memory,” he said. “Because I’m cognitively there.”   

Comic Sarah Cooper did one of her signature lip-syncs: 

Some took the musical approach, like this creation on YouTube:

The Lincoln Project, a group of anti-Trump conservatives, also went with the remix: 

Stephen Colbert’s “Late Show” team made it the heart of a fake movie trailer about the president:  

And, of course, there was the usual selection of memes:  


Lonza H1 Profit Rises; Confirms 2020 Outlook – Quick Facts

Lonza Group AG (LZAGF.PK), a supplier to the pharmaceutical, healthcare and life-science industries, reported that its profit attributable to equity holders of the parent for the six months ended 30 June 2020 rose to 477 million Swiss francs or 6.39 francs per share from 299 million francs or 4.01 francs per share in the previous year. The strong results were driven by the Lonza Pharma Biotech and Nutrition or LPBN Segment, which delivered 10.8% sales growth.

Sales for the period rose to 3.07 billion francs from 2.98 billion francs in the previous year.

Lonza Group confirmed its Outlook for full-year 2020 at above mid-single digit-sales growth and a stable level of CORE EBITDA margin. However, all forecasts should be treated with particular caution at this time of global uncertainty.

On 23 July 2020, the company board decided to divest the Lonza Specialty Ingredients  or LSI segment through a sale process, which will be initiated in the second-half of 2020.

China’s Hozon Targets IPO in Bet on Affordable Electric Cars

China’s Hozon Auto is seeking financing on the way to a planned initial public offering, betting on rising demand in rural areas for its electric cars that start at less than $10,000.

The company wants to raise 3 billion yuan ($427 million) in Series C financing, it said in a statement Friday. An IPO on Shanghai’s STAR board is targeted for as early as 2021, the company said.

Chinese electric-vehicle makers are vying for a foothold in the once heavily subsidized industry, with several being squeezed out by a lack of funding this year alone. Zhejiang-based Hozon is banking on future growth potential for more affordable EVs, with its first model, an SUV, starting at 66,800 yuan.

Deliveries of Hozon’s second model started last month. In total, the company has shipped more than 16,000 vehicles, including about 5,000 cars in the first half of this year.

Founded in 2014, Hozon completed a Series B fundraising of 3 billion yuan in April 2019.

— With assistance by Chunying Zhang

Vodafone Q1 Trading In Line With Its Expectations; Affirms 2021 Adj. EBITDA Outlook

Vodafone Group Plc (VOD.L) reported first quarter total revenue of 10.51 billion euros, compared to 10.65 billion euros, previous year. Total revenue declined 2.8% on an organic basis. Total service revenue was 9.11 billion euros, compared to 8.99 billion euros. Organic service revenue was down 1.3%, for the quarter. The Group noted that COVID-19 crisis had a significant impact on service revenue in its first quarter.

Nick Read, Group Chief Executive, said: “Our trading performance in the first quarter demonstrates the relative resilience of our operating model and focused delivery of our strategic priorities. Whilst we have seen the direct impact on our revenue from travel restrictions and business project delays, we have also seen increased usage in voice and data, alongside record NGN broadband customer net additions in Europe.”

For fiscal 2021, the Group’s adjusted EBITDA outlook unchanged – remains ‘flat to slightly down’. Vodafone Group reiterated its fiscal 2021 guidance for at least 5.0 billion euros of free cash flow (pre-spectrum).

Vodafone targets Frankfurt listing for mast unit in early 2021

Vodafone, the world's second biggest mobile operator, said on Friday it would list its towers unit, named Vantage Towers, in Frankfurt in early 2021.

It announced it would set up a European mast company worth upwards of 18 billion euros a year ago. The company, which has more than 68,000 mobile towers across nine European markets, became operational in May.

Vodafone also reported a 1.3% decline in first-quarter organic service revenue, which it said was mainly due to COVID-19 impacts. It reiterated its guidance for the year.

ITeos Therapeutics Prices IPO At $19/Shr, Above The Estimated Range

iTeos Therapeutics, Inc. announced that it has priced initial public offering of 10.59 million shares at $19.00 per share, above the estimated range. The shares are expected to begin trading on the Nasdaq Global Market on July 24, 2020 under the ticker symbol “ITOS.” The company expects to close the offering on July 28, 2020.

The company has originally filed to sell 8.9 million shares at a range of $16.00 and $18.00 per share.

The company expects offering gross proceeds, before expenses payable by iTeos, to be about $201.1 million.

iTeos has granted underwriters a 30-day option to buy additional 1.59 million shares at the initial public offering price, less underwriting discounts and commissions.

J.P. Morgan, SVB Leerink and Piper Sandler & Co. are acting as joint book-running managers for the offering.

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