Latest Stock offerings News

Goldman Sachs' profits jump 60% helped by deal-making frenzy

Oct. 15, 2021 10:34 AM EDT

NEW YORK (AP) — Goldman Sachs' profits jumped 60% in the third quarter, as the deal-making bonanza that dominated financial markets this summer brought in hundreds of millions of dollars in fee revenue for the investment bank. The New York-based firm said Friday that...

Bank profits soar, helped by merger frenzy, fewer bad loans

Oct. 14, 2021 13:57 PM EDT

NEW YORK (AP) — It's good to be a bank right now. Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won't likely recoup. The results for...

Volvo plans $2.9B IPO to fund electric vehicle ambitions

Oct. 04, 2021 12:20 PM EDT

LONDON (AP) — Swedish automaker Volvo said Monday it plans to raise at least 25 billion kroner ($2.9 billion) by selling shares to fund its electric vehicle transformation strategy. Volvo Cars and its parent company, Chinese carmaker Geely, have applied to hold an...

Once-hot SPAC investments return to earth

Sep. 23, 2021 08:31 AM EDT

NEW YORK (AP) — The spectacular run for the investing phenomenon known as SPACs, once the hottest thing on Wall Street, has fizzled so much that many have been relegated to the bargain bin. These special-purpose acquisition companies are often called “blank-check...

After humble beginnings, Oregon's Dutch Bros launches IPO

Sep. 15, 2021 17:59 PM EDT

SALEM, Ore. (AP) — After humble beginnings as a pushcart operation in an Oregon town and growing into a company with hundreds of drive-thru coffee shops, Dutch Bros Coffee launched an initial public offering Wednesday on the New York Stock Exchange. The offering drew an...

Pennsylvania targeting doctors over blanket mask exemptions

Sep. 10, 2021 17:21 PM EDT

Some Pennsylvania physicians are offering stock doctor's notes for use by parents wishing to have their children exempted from wearing masks in school, according to state health officials who say they have referred the matter for possible disciplinary action. A statewide,...

Rivian, an EV startup with big backers, files to go public

Aug. 27, 2021 12:38 PM EDT

Rivian, an electric vehicle startup backed by Amazon, Ford, and other deep-pocketed investors, confidentially filed to become a publicly traded company this week. The initial public offering is expected to take place after the Securities and Exchange Commission completes...

Turn up the grill: Weber off to a hot start in market debut

Aug. 05, 2021 21:30 PM EDT

Shares of grilling company Weber caught fire in their market debut Thursday, closing their first day of trading up almost 18%. Weber Inc. sold about 17.9 million shares at $14 per share before its stock started trading. That was below what the Palatine, Illinois-based...

Robinhood discloses stock offering, shares down premarket

Aug. 05, 2021 07:21 AM EDT

Shares of Robinhood are down more than 10% before the market open on Thursday as the company disclosed in a regulatory filing that it plans a stock offering of up to nearly 98 million shares. Robinhood Markets Inc. said that the stock is being sold over time by selling...

Robinhood soars again, doubles in 4 days after tepid IPO

Aug. 04, 2021 16:25 PM EDT

NEW YORK (AP) — Robinhood's stock flew again on Wednesday, and it has more than doubled in four days to follow up what had been a disappointing debut on Wall Street. Robinhood Markets soared 50.4% to $70.39 in trading that was so feverish that trading was temporarily...