CRAMER Did an anti IPO rant which made me want BIRK. (Bloomberg) -- Birkenstock Holding Ltd. set terms for an initial public offering that could raise as much as $1.6 billion, pushing ahead with the latest major test of demand for new listings. The German footwear maker is marketing 10.75 million new shares at $44 to $49 apiece, according to a filing Monday. Its controlling shareholder, private equity firm L Catterton, is offering 21.51 million shares at the same price. The Norwegian sovereign fund and T. Rowe Price Group Inc. veteran Henry Ellenbogen’s Durable Capital Partners LP have expressed interest in buying as much as $300 million of stock in aggregate, according to the filing. Billionaire LVMH Chairman Bernard Arnault’s family holding company, which has already invested in Birkenstock, may buy as much as $325 million of shares. Birkenstock plans to use proceeds from the offering to repay debt. Bloomberg News reported last week that Birkenstock was preparing to kick off its road show in the major test of demand for new listings. It’s tentatively planning to price the offering Oct. 10 and start trading Oct. 11, people with knowledge of the matter have said. The company is moving ahead after investor enthusiasm started to wane for some of the blockbuster listings of recent weeks. UK chip designer Arm Holdings Plc and grocery delivery startup Instacart, which both priced their listings at the top of their price ranges or higher, have slipped toward their issue prices or below amid a broader market retreat. Vietnamese internet startup VNG Ltd. last month delayed its plans for a US listing after being advised to hold off until market demand improves, Bloomberg News has reported. Others are still doing well, with marketing and data automation provider Klaviyo Inc. trading well above its IPO price. Birkenstock’s IPO comes more than two years after L Catterton and Arnault’s family investment company acquired a majority stake in the business at a valuation of about $4 billion. The offering is being arranged by banks including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley. Birkenstock plans to list its shares on the New York Stock Exchange under the symbol BIRK. >>>>> These sound like strong hands buying in who won't be quick to flip./ I think I'm going to put in for it.
Ackman is cringy now. This trying to bait Elon into a SPAC. Pathetic. " He's made such great changes at Twitter " What like making it non important. Non profit. I don't know of anybody using Twitter anymore. I never did anyway but sometimes you would click links. Not anymore.
GUMMY IDEA still working on it---- We are looking for 2nd Tier AI ideas... CRDO Credo Technology Group Holding Ltd $15.25 0.23(+1.53%)4:00 PM 09/29/23 NASDAQ |$USD |Pre-Market:$15.64+0.39(+2.56%)
Company Profile Credo Technology Group Holding Ltd provides various high-speed connectivCredo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP. The company also offers intellectual property solutions consist of SerDes IP licensing. It sells its products to hyperscalers, original equipment manufacturers, original design manufacturers and optical module manufacturers, as well as into the enterprise and HPC markets. The company was founded in 2008 and is headquartered in San Jose, California.ity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies. The company also offers intellectual property solutions consist of SerDes IP licensing. The company was founded in 2008 and is headquartered in San Jose, California.
There was an upgrade by Barclays but I am suspect because Barclays' has already bought into this company IO believe and own shares.. so talking their own book-- Stock analysts at Barclays began coverage on shares of Credo Technology Group (NASDAQ:CRDO-)in a note issued to investors on Monday,Briefing.com reports. The firm set an "overweight" rating and a $18.00 price target on the stock.Barclays's price target points to a potential upside of 18.03% from the company's previous close.
On the surface not so good: Credo Technology Group (NASDAQ:CRDO-Get Free Report) last released its quarterly earnings data on Thursday, August 24th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Credo Technology Group had a negative net margin of 16.30% and a negative return on equity of 5.41%. The business had revenue of $35.10 million for the quarter, compared to the consensus estimate of $34.27 million. During the same period in the prior year, the firm earned $0.01 EPS. The business's revenue for the quarter was down 24.5% on a year-over-year basis. But What is Responsible AI? Fast Company recognizes Credo AI for empowering organizations to adopt Responsible AI at scale to meet business objectives and better serve humanity. SAN FRANCISCO,Nov. 17, 2022/PRNewswire/ --Credo AI, the leading governance platform operationalizing Responsible AI, announced today it has been named toFast Company's 2022 Next Big Things in Tech list. The award highlights technology breakthroughs that promise to define the future of the industries they serve and have a proven impact on society within the next five years. Among the list's global giants and pre-IPO startups, Credo AI was recognized for making Responsible AI more attainable and aligned with an organization's values and business objectives serving economies and society. For Credo AI, this award represents the latest step in its journey to empower every organization in the world to create AI with the highest ethical standards. Founded in 2020, Credo AI's software platform identifies and manages risk issues such as bias and discrimination, robustness, and transparency that come with building, deploying and managing AI and ML projects. Credo AI builds the governance layer that empowers organizations to meet business, regulatory and ethical AI requirements and gives both technical and non-technical enterprise stakeholders the ability to manage, monitor and measure AI risks. The Credo AI platform helps organizations bring transparency to their AI projects, ensure regulatory compliance, and standardize governance while ensuring AI alignment with human-centered values. "Companies are racing to Artificial Intelligence, but for many, Responsible AI is still an afterthought," said Navrina Singh, CEO and founder of Credo AI. "It's critical to build AI with human-centered values to achieve its full benefits. Governance is an aid to innovation; a competitive advantage for organizations to lead in AI. We are honored to be recognized by Fast Company for our work and will continue to move the Responsible AI movement forward." "Technology breakthroughs and cutting-edge advancements promise to be the solution to some of the world's most pressing issues," saidBrendan Vaughan, editor-in-chief of Fast Company. "Fast Company is excited to highlight some of the organizations, of all sizes and industry backgrounds, whose technology advancements today will lead to a better tomorrow." Credo AI's Responsible AI Governance software is currently used by the Global 2000s in the financial services, insurance, high-tech, and aerospace and defense sectors. To learn more about Credo AI, contact demo@credo.aior visit www.credo.ai.
How about "4200 will fall"? Is that strong enough for you? As I noted, everyone and their brother called for a bounce that day. You made the call on the upswing when capitulation type volume had already occured and every chart indicator there was pointed higher. Hardly breaking news. Hence why I said "it sure looks like it." 3 things. 1) Your threats are meaningless to me 2) You never sidelined VZ 3) Even if you tried... your prose to date shows you would be incapable of such. The best you've got is using deep searches on et to find a stock I liked that went down. Hardly a measure of the intellect it would take to "sideline" me. You'll need a lot more wit and a way more poignant pen. Sure you did. Pictures or it didn't happen.