Nu Holdings Launches IPO

Nu Holdings Ltd. (NU) announced the launch of its initial public offering, consisting of an international offering of up to 289,150,555 class A ordinary shares pursuant to a registration statement on Form F-1 filed with the SEC, and a concurrent offering in Brazil of class A ordinary shares in the form of Brazilian depositary receipts, each BDR representing 1/6th of a class A ordinary share. The estimated price range
for the international offering is $8.00 to $9.00 per class A share.

The company has been approved to list class A ordinary shares on New York Stock Exchange under the symbol, Nu. It plans to trade the BDRs with the B3 S.A. – Brasil,
Bolsa, Balcao under the symbol, NUBR33.

Nu plans to use the net proceeds for general corporate purposes. Additionally, it may use a portion of the proceeds to acquire or invest in businesses, products, services, or technologies.

Govt debt at 62 % of GDP; capable of repaying liabilities: MoS Finance Chaudhary

Central government debt is estimated at about 62 % of GDP for this fiscal and it is capable of repaying its liabilities, Minister of State for Finance Pankaj Chaudhary informed Parliament on Tuesday.

"Increasing the buoyancy of tax revenue through improved compliance, mobilisation of resources through monetisation of assets, improving efficiency and effectiveness of public expenditure etc are the important measures initiated by Government to control the fiscal deficit and the debt burden," he said in a written reply in the Rajya Sabha.

Government debt is held predominantly in domestic currency, he said, adding, "Government is capable to repay its debt."

BioNTech Shares Slip 6% Amid Omicron Variant Concerns

Shares of German biotechnology company BioNTech SE (BNTX) are moving down 6 percent on Tuesday’s trading even while there is renewed focus on vaccine makers with the discovery of the omicron variant of the coronavirus.

In another development, Moderna’s CEO expressed apprehensions about the effectiveness of vaccines against the newly identified variant.

According to reports, Covid-19 vaccine manufacturers like BioNTech, Pfizer are already looking to modify their existing vaccine shots to include protection from the omicron variant.

Currently at $338.88, the stock has traded between $80.55 and $464.00 during the past 52 weeks.

India to log double-digit growth this fiscal: Chief Economic Adviser

He also said the seminal second generation reforms would help the country grow over 7% during this decade.

Chief Economic Adviser (CEA) K.V. Subramanian on Tuesday said India is expected to log double-digit growth in the current financial year, aided by rising demand and a robust banking sector.

He also said the seminal second generation reforms would help the country grow over 7% during this decade.

India’s GDP growth stood at 8.4% in the second quarter of 2021-22, with the economy surpassing the pre-COVID level, official data showed on Tuesday.

With regard to fiscal deficit, he said the Budget estimate is likely to be met.

The government estimates fiscal deficit at 6.8% of the gross domestic product (GDP) for the current financial year ending on March 31, 2022.

PROS Acquires EveryMundo For Up To $90 Mln Cash, Stock – Quick Facts

PROS Holdings, Inc. (PRO), a provider of SaaS solutions optimizing shopping and selling experiences, announced Tuesday the acquisition of Miami, Florida-based privately-held company EveryMundo, LLC.

Under the terms of the transaction, PROS will pay $80 million in cash at closing, subject to certain customary adjustments, and deliver approximately $10 million in stock in the future, subject to certain conditions.

EveryMundo is a digital offer marketing pioneer that enables brands to broaden their digital reach and deepen customer engagement, pulling them in to direct selling motions to create superior brand experiences and foster loyalty over time.

With EveryMundo, PROS collective portfolio gives brands much greater control over direct and indirect channels they participate in to consistently deliver superior brand experiences that exceed customers’ expectations every time, regardless of channel.

ViacomCBS Agrees To Sell CBS Studio Center For About $1.85 Bln – Quick Facts

ViacomCBS Inc. (VIAC,VIACA) announced Tuesday it has entered into a definitive agreement to sell CBS Studio Center and its associated operating business to a partnership formed by Hackman Capital Partners, LLC and Square Mile Capital Management, LLC for approximately $1.85 billion.

The transaction is the result of a widely marketed sale process, which attracted interest from a number of buyers, reflecting the value of CBS Studio Center as a best-in-class studio lot in the highly competitive Los Angeles studio marketplace.

The property sits on a 55-gross-acre site in Studio City and consists of over 1 million square feet of space, including 22 stages, production office and support buildings, third-party tenant offices, a purpose-built broadcast center and filmable backlot locations.

ViacomCBS said the sale is part of an ongoing optimization of ViacomCBS’ real estate and operations portfolio and will allow the company to re-deploy capital to strategic growth priorities, including streaming.

The transaction is expected to close in 2021, subject to customary closing conditions, including regulatory approval. At closing, CBS Broadcasting Inc. will enter into a long-term lease-back of the Broadcast Center, which is home to television stations CBS 2 and KCAL 9.

One dead as police investigate homicide in Arvada near 70th Place

One man is dead, and another man is in custody as police attempt to figure out what happened in Arvada on Monday.

Police are investigating a homicide inside a townhouse on 11500 West 70th Place.

The man who was killed is in his early 20s, police say.

Officials said there is no ongoing safety concern related to this incident.

As investigators put the pieces together, they said they would update with more information.

Neither the man killed nor the one in custody by police has been identified publicly.