Dropbox assumed with an Outperform at RBC Capital 16:18 DBX RBC Capital analyst Rishi Jaluria assumed coverage of Dropbox with an Outperform rating with a price target of $35, up from $28. Jaluria said he likes Dropbox due to its market leadership position, differentiated strategy, margin expansion, and "reasonable" valuation. The analyst added that he believes a more in-line multiple is warranted given the market leadership position and margin expansion opportunities. Turtle Beach forms new partnership with Wizards Disctrict Gaming 16:06 HEAR Turtle Beach announced a new partnership with the reigning NBA 2K League champions, Wizards District Gaming. With this agreement, WDG's teams and players will be using Turtle Beach's flagship Elite Pro 2 performance gaming headset as they compete. "Wizards District Gaming is a clear powerhouse in the competitive NBA 2K League, and we are honored to be partnering with a team as talented as they are," said Ryan Dell, SVP of Global Marketing at Turtle Beach. "We craft our gear to a level of precision and performance so that champions remain champions, and we look forward to WDG continuing to win more games in our Elite Pro 2 headsets." SIGNA Sports United to list on NYSE through SPAC Yucaipa Acquisition at $3.2B valuation SIGNA Sports United to combine with Yucaipa Acquisition Corporation(NYSE:YACU)at an enterprise value of ~$3.2B. The combination also includes the acquisition of the WiggleCRC Group, online bike retailers globally, currently owned by Bridgepoint. The transaction will provide up to ~$645M of gross proceeds through a cash contribution of ~$345M held in Yucaipa’s trust account and a fully committed upsized PIPE of ~$300M, led by Ron Burkle, who is investing $50M. "Becoming a listed company allows us to continue capturing market share in Europe and to accelerate our U.S. and international expansion while scaling our platform solutions," said Stephan Zoll, CEO of SSU. "We also look forward to welcoming WiggleCRC to our SSU family. The acquisition enhances our global online leadership especially in the bike category. Our focus on growth and internationalization coupled with our platform approach drives significant scale benefits." SIGNA Sports existing shareholders to roll 100% of their equity holdings into the new public company and Bridgepoint to receive part of the purchase consideration in shares of the new public company. The combined entity to become one of the largest pure-play sports e-commerce and technology platform company, with expected net revenues of ~$1.6B in FY2021, serving over 7M active customers, 1,000+ brand partners, 500+ connected retail stores, and more than 15M sports community users globally. Upon closing the transaction in the second half of 2021, the combined company will trade on the NYSE under the nameSIGNA Sports United.
TaskUs prices 13.2M-share IPO at $23 TaskUs(NASDAQ:TASK)haspricedits IPO of 13.2M Class A shares at $23.00/share. Underwriters' over-allotment is an additional 1.98M shares. Trading kicks off June 11. Net proceeds will be used to satisfy payments of ~$127.4M in respect of vested phantom shares held by certain current and former employees. Closing date is June 15. TaskUs will not receive any proceeds from the share sale by the selling stockholders. For 2020 and three-month period ended March 31, 2021, the company delivered revenue of $478M and $152.9M, respectively, net income of $34.5M and $16.5M, respectively, at a net income margin of 7.2% and 10.8%, respectively. Adjusted Net Income margin was 14.5% and 18.4%, with Adjusted EBITDA Margin of 22.4% and 25.9%, for 2020 and quarter ended March 2021, respectively. From 2017 to 2020, the company's revenue grew organically at a 60% CAGR, net income grew at a 56% CAGR, and its Adjusted EBITDA grew at a 72% CAGR. Source: SEC Form S-1/A
I own Ebay stock. I drink Iceland Spring high PH water I was uber impressed with the $ rate & the lack of excess packaging I received from ebay seller.
Celsius Holdings shoots higher after Credit Suisse calls out a buying opportunity Credit Suisse upgrades Celsius Holdings(NASDAQ:CELH)to an Outperform rating after having the beverage stock slotted at Neutral. Following the recent share price stumble, the firm sees a buying opportunity on an energy drinks player with a differentiated product. The Credit Suisse analyst team notes that the energy drink category is seeing outsized recovery benefits from the combination of stimulus and improved mobility. The firm hikes its price target on CELH to $78 from $57. Shares of Celsius Holdings areup 3.11%premarket to $63.67. Celsius traded as high as $83.00 beforepricing an equity offering.
The New Meme Stock Is a Danish Biotech Firm That Spiked 1,387% (Bloomberg) -- Danish investors and analysts spent the morning trying to figure out why a tiny biotechnology company suddenly soared almost 1,400% during U.S. trading hours. Orphazyme A/S says it has no idea why its American depositary shares surged overnight. When trading started in Copenhagen, the Danish shares rose as much as 76%. The company has now warned investors against being sucked into the frenzy. “Investors who purchase the company’s ADS or shares may lose a significant portion of their investments if the price of such securities subsequently declines,” Orphazyme said on Friday morning. The only reasonable conclusion to be drawn is that Denmark now has its own meme stock, according to Per Hansen, an investment economist at retail broker Nordnet in Copenhagen. “It’s not just GameStop and AMC that are the subjects of strange, sudden and inexplicable” price developments, Hansen said in a client note. “Sometimes, there’s no logical explanation for what happens on the stock market,” he said. “And the development in the share price of Orphazyme is an example of that.” Orphazyme’s ADS soared as much as 1,387% during U.S. hours, before closing about 302% higher. Orphazyme said it’s “not aware of any material change in its clinical development programs, financial condition or results of operations that would explain such price volatility or trading volume.” Investors in the company have been waiting for an important update on the application of an experimental treatment for Niemann-Pick disease. The drug, called arimoclomol, is under priority review with U.S. authorities, who are due to provide feedback on June 17. But Orphazyme hasn’t provided any recent news on the review that might explain the share move. The U.S. Securities and Exchange Commission said this week it’s scrutinizing markets for signs of manipulation as meme stocks continue to surge. That’s as trading in such stocks took off again this week, with chatter building on WallStreetBets and other social media platforms on the potential for short squeezes. Orphazyme, which uses heat shock proteins to develop therapies for rare neurodegenerative diseases, has had a turbulent time since its 2017 initial public offering. Shares in the company peaked in February 2020, trading 69% above the IPO price, but are now roughly a third down from the listing, even with Friday’s gains. A little more than two hours after trading started in Copenhagen on Friday, shares in Orphazyme were up about 45%, bringing its market value to roughly $280 million.
my complaint was with amazon's single use plastic vote and you wrote in agreeing that amazon stinks because they charge too much for your single use bottled water.