Offering stock – Originals CIPO Mon, 10 Jan 2022 08:46:24 +0000 en-US hourly 1 Offering stock – Originals CIPO 32 32 Paytm share drops to all-time high – TechCrunch Mon, 10 Jan 2022 08:32:16 +0000

Paytm shares fell to 1,165 ($ 15.71), the lowest since its market debut in November after the nation’s largest initial offer after a key brokerage firm further slashed its price on the ‘action of payments.

the Stock, which opened at 1,226 Monday, fell 5.3% as of 1:55 p.m. India standard time. Paytm, which has struggled to improve its share price since its inception, slipped 45% from its issue price of 2,150 ($ 28.9). The company’s market cap, at the time of publication, was $ 10.2 billion, almost half of what it had sought when it first started and below the $ 16 billion valuation at which it raised a financing round at the end of 2019.

The price drop follows brokerage Macquarie’s report on Monday in which it retained its lowest rating on One97 Communications, Paytm’s parent company, and reduced its target price to 900 ($ 12.14), against 1,200 that she had allocated before the market debut on November 18.

Macquarie was the only brokerage firm to have such a grim view of the outlook for Paytm when it first entered the market. Bernstein analysts, by comparison, had estimated that Paytm’s valuation would hover between $ 21 billion and $ 24 billion. (A spokesperson for Bernstein did not respond to a request for comment in November.)

“After releasing the various business updates and results, we believe our revenue projections, especially on the distribution side, are in jeopardy and therefore we are reducing our CAGR from 26% to 23% for fiscal years 21-26E. We are roughly reducing revenue estimates for FY21-26E by an average of 10% each year due to declining distribution and commerce / cloud revenue partially offset by higher payment revenue, ”said Macquarie analysts wrote on Monday.

“We reduced our profits (increase our loss projections) from 16% to 27% for fiscal year 22-25E due to lower revenues and increased expenses related to employees and software. We sharply reduced our TP (target price) by around 25% due to a lower target multiple of 11.5x (price / sales ratio) (vs. 13.5x earlier) and more sales inferior. Maintain UP with a revised TP of 900. “

The brokerage firm said RBI’s proposed regulation on digital payments could cap wallet fees, which would hurt Paytm’s business, where the payments side still accounts for 70% of the company’s overall gross income. Macquarie also cited the departure of senior executives from Paytm and the downsizing of tickets for loans disbursed by Paytm as other factors that could affect the company’s future outlook.

In a report released in the second half of December, Morgan Stanley analysts called Paytm’s stock “overweight” and gave it a price target of 1,875 ($ 25.2), saying the company was. “Well positioned to capitalize on the upcoming acceleration of digital distribution of financial / commerce services in India.

“The huge TAM (Total Addressable Market), India’s distinctive technology architecture and the regulatory support partnership approach are, in our view, key enablers. India is under-penetrated in financial services and we expect strong growth in all segments. More importantly, the penetration of digital third-party financial services distribution is considerably low and we will see a strong acceleration over the next five years – this will be helped by the distinctive rails in India around identity, payments. and data sharing, ”they wrote in a report to clients on December 18.

“Additionally, we believe Paytm’s financial services are synergistic, compliant with regulatory thinking and scalable. The balance sheet risk is low and Paytm’s technological capabilities to leverage alternative datasets as well as to design custom products is a key added value in the above context.

Limited Stock at Sea: Why I Keep Growing My Position (NYSE: SE) Sun, 09 Jan 2022 17:40:00 +0000

smshoot / iStock via Getty Images


It appears that the butchering of stock prices for high growth stocks continues so far into 2022 and, as Sea (NYSE: SE) has been immune for quite a while, over the last few weeks that has changed as well. The stock is now trading down 49% from its high which was not reached until October 2021.

SE share price
Data by YCharts

Just to give you a bit of context on the brutality of this sale, this is the first time since Sea went public in 2017 that the stock has gone down so much:

Limited sea stock
Data by YCharts

Of course, this has to do with the sale of a lot of high-growth stocks, but on Tuesday Sea was much more down because of news about one of its investors, Tencent.

SE price

What happened?

Tencent (OTCPK: TCEHY) announcement Tuesday that he will sell part of his stake in Sea Limited. This was hardly surprising after Sea already revealed on Monday that Tencent will convert all of its Class B shares into Class A shares. This means the company could sell those shares.

Like many technology companies, Sea has a two-class structure. Each Class B share is entitled to 3 votes … so far (more on this later).

Tencent was an early investor in Sea. She invested in 2010 when Sea was still only Garena. Tencent and Sea founder and CEO Forrest Li had an agreement (or proxy) that stated that Forrest Li had the right to vote for all of Tencent’s shares. With his own Class B shares, this resulted in Forrest Li owning more than 50% of the voting rights in Sea.

Now, with all of Tencent’s Class B shares converted to Class A shares (which only have one vote) and Tencent selling part of its shares, Forrest Li would no longer have absolute control over the votes. This is why Sea is proposing to change the voting power of class B shares (of which Forrest Li is now the sole holder) to 15 votes instead of 3. This is something that must be voted on at the General Assembly. annual, to be held on February 14.

Tencent will sell 2.6% of the company, which will reduce its stake in Sea from 21.3% to 18.7% and the Chinese tech giant says it will keep “the substantial majority of its equity stake” at long term :

Tencent intends to retain a substantial majority of its stake in Sea for the long term and will continue its existing business relationship with the company.


Within six months of the sale of the shares, there will be a lock-up period during which Tencent cannot sell any shares of Sea. But due to the conversion of class B shares to class A shares, Tencent’s voting power falls below 10%.

Why is Tencent selling?

Recently, Tencent announced the distribution of more than $ 16 billion in shares of (NASDAQ: JD) among its shareholders and now it sells over $ 3 billion of Sea shares, over 14 million shares between $ 208 and $ 212. Why?

To understand this, you have to know what is going on in China. You may have heard that the Chinese government is making it difficult for big tech in China: Alibaba (NYSE: BABA), Tencent, JD, etc.) One of the criticisms that the CCP (Chinese Communist Party) addresses to these large, very successful companies is that they do not distribute their wealth enough. This is why they are pushed to pay colossal sums for “charitable works”. Alibaba already promised $ 15.5 billion, Tencent itself $ 7.7 billion in April 2020.

These are, in fact, thinly veiled donations so as not to be banned by the CCP. This is why Tencent writes about the sale of Sea shares:

Divestment provides Tencent with resources to fund other investments and social actions

It’s not that Tencent doesn’t have enough money to pay for the forced charity projects, but it probably wants a bit of a war chest for whatever might happen. At the same time, handing out JD shares and giving up much of the voting power (more clearly than the proxy) is also a way of giving in to the Chinese government, which continues to hit the nail on the head of antitrust.

What does this mean for the sea?

When something does happen, the media always insist on the negative because they know it attracts worried readers. So, of course, immediately a link was made to Tencent and Sea’s contract for the distribution of Tencent games in Southeast Asia. In November 2018, Sea’s Garena was granted the first right to publish all Tencent games in Indonesia, Taiwan, Thailand, Philippines, Malaysia and Singapore, which is important because Tencent is the largest games company in the world. world. This contract still runs until 2023 but several commentators have tried to justify the sharp drop in prices by citing this higher risk.

I’m sorry, but 2.6% less with 18.7% remaining ownership of the company does not significantly change the relationship between Sea and Tencent. Yes, they are giving up the B shares with triple voting rights, but the voting rights were still granted to Forrest Li.

For Sea, it could be good. Now that Tencent has less than 10% of the voting rights, that’s one less argument for Indian sellers who say Shopee / Sea is “Chinese” owned and should be banned, just like Tencent’s games in the country. Although Forrest Li was born in China, he is a citizen of Singapore. With Tencent no longer having as much voting power, the argument becomes even weaker than it already was. Shopee only entered India recently and local unions weren’t happy with this as the company is known to sell cheaply and charge no commission up front.

Sea will also give Forrest Li majority voting power, as noted above. I definitely agree with that. He’s had this de facto privilege from the inception of the business until today, so why wouldn’t it be good, all of a sudden? The only difference was that Tencent had given them the right to vote. Making that clearer seems to me to reduce the risks.

What am I going to do now ?

With Tencent’s share price selling between $ 208 and $ 212, it’s normal for Sea to fall into this range. But since then the stock price has continued to plunge and even crossed the $ 200 line.

What I’m going to do is simple: I’ll just continue to increase my position at sea. None of this news shows a weakness in the business or a changed image no matter what you might hear there.

If you look at the long-term assessment of an enterprise value-to-revenue ratio, you see that the sea has already fallen to pre-pandemic levels.

Stock SE EV to income
Data by YCharts

With fourth quarter earnings approaching, this will decrease further (as this is not a forward chart).

The company has a stable cash cow in Garena, its gaming division, which is funding the expansion of Shopee, Sea’s e-commerce business. Shopee was launched outside of Sea’s main market in Southeast Asia: Brazil, Mexico, Argentina, Chile, France, Spain, Poland, India and I may be missing -to be. In addition, the company recently raised $ 6 billion through an offer of shares and convertible notes. The stock was sold for $ 318 per share. The stock price is now $ 187, or 41% lower. Well timed.

If you look at the revenue estimates, you see that the business is poised to continue growing, albeit, of course, at a slower pace.

Limited sea income estimates

(From Alpha Premium research)

In a few markets (Thailand, Malaysia), Shopee is already profitable, because profitability comes with a scale. It also has a lot of levers for pulling to the left. Advertising, for example, is still in its infancy. This is very high margin income. Right now, it’s only 0.5% of the GMV (gross merchandise volume, the total dollar amount that an ecommerce site sells). Amazon (NASDAQ: AMZN), which is of course much more mature, owns 3.5% on a $ 390 billion GMV. With an expected GMV of $ 50 billion for 2021, Shopee, which only started in 2015, shows how quickly Sea can grow its business.

And advertising is just one of the many possibilities. Shopee Food (think Uber Eats) has already rolled out in a few countries, the company has a $ 1 billion venture capital fund, SeaMoney, its fintech, is growing like gangbusters, and more. For me, Sea has enormous potential for long term investors. With Potential Multibaggers, I try to find companies that can grow 10 times or more in the next 10 years. I think Sea still has that potential. I know that would make it a T $ 1 business, but I think it will get there.


Dips in stock prices aren’t pleasant, but in retrospect they often seemed like great opportunities to expand or add. Don’t let the fear that is now pervading you distract you from the long term goal.

In the meantime, keep growing!

Amid Stock Market Storm, Azam Baki Gets Support From Three Senior MACC Officers Who Call Allegations “A Policy of Revenge” | Malaysia Sun, 09 Jan 2022 03:43:35 +0000

Malaysian Anti-Corruption Commission Chief Commissioner Tan Sri Azam Baki at a special press conference at MACC headquarters in Putrajaya on January 5, 2022. – Photo by Shafwan Zaidon

KUALA LUMPUR, January 9 – Three senior officials of the Malaysian Anti-Corruption Commission (MACC) today issued a statement offering their full support to their leader Tan Sri Azam Baki who is currently embroiled in a vested stock controversy in 2015.

The declaration was signed by Datuk Seri Ahmad Khusairi Yahaya, Datuk Seri Norazlan Mohd Razali and Datuk Junipah Wahid, who are respectively the deputy chief commissioners responsible for operations, prevention and management and professionalism, and follows the inquiries Securities Commission (SC) pending against Azam over a possible conflict of interest after admitting to trading proxy shares.

“We represent all members of the MACC by expressing our position, supporting the leadership of Tan Sri Azam Baki, the chief commissioner of the MACC.

“We believe that the charges and attacks are motivated by policies of revenge aimed at tarnishing the image and credibility of the MACC. We urge all parties to end this chaos and allow legal processes to run their course in a fair and transparent manner.

“The members of the MACC are still united in defending the institution of the chief commissioner and the MACC for the continuity of the prevention of corruption in this beloved country,” the trio said in the joint statement.

However, they did not specify the possible motivations for the revenge.

The SC announced last week that Azam would be summoned for questioning this week for alleged violation of stock trading laws.

This was after Azam ended its silence on its alleged acquisition of millions of shares in two publicly traded companies in 2015. At a press conference last week, he admitted that he had authorized his brother, Nasir Baki, to use his stock trading account to buy these stocks.

Citing Article 25 of the Securities Sector Law (Central Custodians) (SICDA), the SC stated that each securities account opened with a central custodian must be in the name of the beneficial owner of the securities deposited or at the name of an authorized representative.

Azam has come under public scrutiny in recent weeks for its acquisition of millions of shares in two publicly traded companies in 2015.

At the same press conference, Chairman of the Anti-Corruption Advisory Board (ACAB) Tan Sri Abu Zahar Ujang Abu Zahar said that an internal investigation last November 24 cleared Azam of any wrongdoing, adding that all the shares were then transferred to Nasir in 2015.

However, Abu Zahar’s remarks did not please six of the ACAB members: Tan Sri Ismail Omar, Datuk Seri Azman Ujang, Datuk Seri Akhbar Satar, Datuk Hamzah Kassim, Datuk David Chua Kok Te and Professor Datuk. Mohammad Agus Yusoff.

In a joint statement yesterday, the six said Abu Zahar’s statement was his personal opinion and did not reflect the decision of the board as a whole.

Mohammad Agus said The star yesterday the six distanced themselves from Abu Zahar’s remarks because the issue of share swaps involving Azam was not discussed at all at ACAB meetings.

National Western Stock Show traditions will continue despite COVID – CBS Denver Sat, 08 Jan 2022 16:00:00 +0000

DENVER (CBS4) – The National Western Stock Show opens this weekend, despite the increase in Omicron COVID cases in Colorado. Hundreds of thousands of people from across the country come to Denver for rodeos, cattle auctions and trade shows.

(credit: CBS)

Katelyn Knievel and her family drove 10 hours from Bozeman, MT with their cattle.

“It’s such a great experience. Being able to exhibit your animals here and show off what you work for every day, ”Knievel said. “It’s a feeling you can’t describe.”

Katelyn’s ranch has been in the family for over 100 years.

For many, these few weeks of January are devoted to heritage and tradition. Business and networking are just an added bonus.

“When they canceled it, it was terrible. I mean that’s where we do most of our sales,” said Marc Milligan, who brought dozens of Alpacas from Livermore.

(credit: CBS)

Organizers say that if people are responsible, the show will go on safely.

“About 60% of our show is outdoors. Most interior spaces have huge open barn doors that constantly circulate air, ”Paul Andrews, president and CEO of NWSS, told CBS4 last month.

He also says there will be a rotational cleaning system throughout the National Western Stock Show.

The term of the masks for the city of Denver has been extended until February 3. The mandate applies to the interior spaces of the NWSS, such as the rodeo arena and the horse show arena. The NWSS applied for and received a waiver from the Colorado Department of Health regarding proof of vaccinations.

As a result, proof of vaccination will not be required for the Stock Show.

the COVID-19 mobile vaccination bus will be on hand to offer free shots, booster shots and flu shots on January 13, 20 and 21.

Amylyx Pharmaceuticals announces the price of an initial public offering plus common shares Fri, 07 Jan 2022 03:51:01 +0000

CAMBRIDGE, Mass., January 7, 2022– (COMMERCIAL THREAD) – Amylyx Pharmaceuticals, Inc. (“Amylyx”), a clinical-stage pharmaceutical company working to develop a novel treatment for amyotrophic lateral sclerosis (ALS) and other neurodegenerative diseases, today announced the award of its initial public offering plus 10,000,000 common shares in accordance with registration statements on Form S-1 filed with the United States Securities and Exchange Commission (“SEC”) at an initial public offering price of 19 . $ 00 per share.

All common shares are offered by Amylyx. Amylyx has granted the underwriters a 30 day option to purchase up to 1,500,000 additional common shares at the initial public offering price, less subscription discounts and commissions. The gross proceeds of this offering for Amylyx are expected to be $ 190 million, before the deduction of underwriting discounts and commissions, and offering costs, and the exercise of the underwriters’ option to purchase additional shares.

Amylyx common shares are expected to begin trading on the Nasdaq Global Select Market under the symbol “AMLX” on January 7, 2022. The offer is expected to close on or around January 11, 2022, subject to the satisfaction of the conditions of usual closing. .

Goldman Sachs & Co. LLC, SVB Leerink and Evercore ISI are acting as co-book managers for the offering. HC Wainwright & Co. acts as the leader of the offering.

The registration statements on Form S-1 relating to these securities were declared effective by the SEC on January 6, 2022. The offering is being made only by way of prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, by telephone at 1- 866-471- 2526 or by e-mail at; SVB Leerink LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, Massachusetts 02109, by phone at 1-800-808-7525, ext. 6105, or by email at; or Evercore Group LLC, Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by phone at 1-888-474-0200, or by email at .

This press release does not constitute an offer to sell or the solicitation of an offer to buy any such securities, and there will be no sale of such securities in any state or jurisdiction where such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Amylyx Pharmaceuticals
Amylyx Pharmaceuticals, Inc. is a clinical-stage pharmaceutical company working to develop a new treatment for amyotrophic lateral sclerosis (ALS) and other neurodegenerative diseases.

Forward-looking statements
Statements in this press release regarding matters that are not historical facts are “forward-looking statements”, including with respect to the Offer. No guarantee can be given that the offer discussed above will be made. Since these statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements contained in this statement are based on management’s current expectations regarding future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those stated. or implied by these forward-looking statements. . Risks that contribute to the uncertain nature of forward-looking statements include the risks and uncertainties set forth in Amylyx’s registration statements on Form S-1 filed with the United States Securities and Exchange Commission and the preliminary prospectus therein. is included. Copies of the registration statements can be viewed by visiting the Securities and Exchange Commission website at All forward-looking statements contained in this press release speak only as of the date on which they were made. Amylyx assumes no obligation to update these statements to reflect events that occur or circumstances that exist after the date on which they were made.

See the source version on


Becky gohsler
Finnish partners
(646) 307-6307

Jacques Frates
Amylyx Pharmaceutical
(857) 320-6230

BTCS share climbs 40% after offering Bitcoin dividend Thu, 06 Jan 2022 18:34:56 +0000

BTCS stock jumped nearly 70% after the ‘pure-play’ blockchain IT company announced that shareholders would have the option of receiving quarterly dividends in Bitcoin and revealed that its holdings of cash and digital assets offer a breakage value of 12.6% higher than its year 2021. – final share price.

BTCS stock is currently trading at $ 4.22 per share, up 39.7% from Tuesday’s closing price of $ 3.02. By mid-morning on Wednesday, BTSC stock was trading up to $ 4.95 per share. As of midday Thursday EDT (UTC-5), 2.07 million BTCS shares were traded, compared to 1.23 million average daily trading volume.

The Bividend

BTCS announced in a 8-K deposit with the U.S. Securities and Exchange Commission (SEC) ahead of the market opening on Wednesday that it would pay a cash dividend of $ 0.05 per share, giving shareholders the option of receiving the payment in Bitcoin – dubbed a Bividend – based on the conversion rate at 4:00 p.m. EDT (UTC-5) on March 16, as reported by Yahoo! Finance.

Bitcoin is currently trading at $ 42,945.65, according to Yahoo! Finance. BTSC’s board of directors approved the disbursement on January 2. The dividend will be distributed to shareholders of record on March 17.

“With BTCS ‘stock price at the end of 2021 of $ 3.14 per share, which represents a 12.6% discount on the company’s digital holdings and a cash position of 3 , $ 56 per share, or $ 37.8 million, “the company said in its announcement. “This is the perfect time to reward our shareholders with a Bividend tax-free return of capital. “

The Silver Spring, MD-based company claims to be the first public company listed on the Nasdaq to offer shareholders the option of receiving dividends in cryptocurrency. BTCS trades on the Nasdaq exchange under the symbol BTCS.

Shareholders choose to receive Bividend

This has been in the planning stages for some time, as BTCS secured the web domain name in 2015. In order to receive the Bividend, shareholders will need to go to and provide a crypto wallet address. specific currency as part of a membership agreement via DocuSign.

Additionally, in order to receive the Bividend, shareholders will need to transfer their BTCS holdings from their current brokerage account to BTCS’s transfer agent, Equity Stock Transfer.

Shareholders who do not take any action, or initiate the process but do not complete it, will receive their dividend in US dollars.

“We want to reward our longtime shareholders for their continued support and encourage financial freedom by providing the means to enable direct ownership of Bitcoin and other digital assets,” BTCS CEO Charles Allen said in the same communicated. “As we build a fundamental long-term shareholder ownership base, the payment of this Special Bividend is an important step in showing the disruptive nature of blockchain technology.”

Read More: Bitcoin Price Prediction 2025: Will The Coin Hit $ 100,000?

Ready to start?


The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade a CFD.
You can still benefit if the market moves in your favor, or suffer a loss if it moves against you. However, with traditional trading, you enter into a contract to exchange legal ownership of individual stocks or commodities for cash, and you own it until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the total value of the CFD trade to open a position. But with traditional trading, you buy the assets for the full amount. In the UK there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
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Whirlpool shares will benefit from attractive valuations, recovery in demand Thu, 06 Jan 2022 03:35:00 +0000

Whirlpool of India has proven to be the worst performing consumer durables inventory over the past year, losing 31 percent. The marked underperformance against the benchmark and comparable stocks is due to loss of market share, sluggish sales growth and increasing competitive pressures.

The Street is positive on the stock, however, given attractive valuations, weak refrigerator and washing machine penetration and rising demand. One of the main concerns of the street has been the low demand. While demand has returned to normal levels for consumer electrical products, the recovery for white goods …


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First published: Thu 06 Jan 2022 09:05 IST

9.5 Reverse Split comes into effect Wed, 05 Jan 2022 18:46:09 +0000

  • AppTech Payments Corp. (OTC: APCX) had announced that it had received authorization to list its ordinary shares and warrants on the Nasdaq capital market and had effected a reverse split of its issued and outstanding ordinary shares at a ratio of 1 for 9.5. These are the details.

Yesterday, AppTech Payments Corp. (OTC: APCX) – a financial technology company fueling business experiences – announced the price of its subscribed public offering of 3,614,458 units, with each unit consisting of one common share and a warrant to purchase one. ordinary share. , at a public offering price of $ 4.15 per Unit, for aggregate gross proceeds of approximately $ 15 million, before the deduction of estimated subscription rebates, commissions and other offering costs.

The ordinary shares and the Warrants comprising the units are immediately separable and will be issued separately. And each warrant entitles the holder to purchase one common share at an exercise price of $ 5.1875 (125% of the offering price per unit) and expires 5 years from the date of issue.

In addition, the Company has granted the underwriters a 45-day option to purchase up to 542,168 additional common shares and / or additional warrants at the public offering price per security, less discounts and on-load commissions. firm, to cover over-allotments, if any. This offer is expected to close on or around January 7, 2022, subject to the satisfaction of customary closing conditions.

The Company has been authorized to list its common shares and warrants on the Nasdaq Capital Market, with its common shares trading under the symbol “APCX” and the warrants under the symbol “APCXW”, with trading commencing today. As part of the offer, the Company effected a split of its issued and outstanding common shares at a ratio of 1 to 9.5.

EF Hutton, a division of Benchmark Investments, LLC, acted as the sole book manager for the offering.

Disclaimer: This content is intended for informational purposes. Before you make an investment, you need to do your own analysis.

Why Unity Stock sank today Tue, 04 Jan 2022 21:41:00 +0000

What happened

Unity software (NYSE: U) the stock ended Tuesday’s trading session down about 6.4%. With the United States seeing a record number of confirmed coronavirus cases amid the spread of the omicron variant, investors are taking a more cautious stance on growth-dependent tech stocks.

Heavy technology Nasdaq composite the index closed the session down 1.3%. While there hasn’t been any company-specific news taking into account the decline in Unity’s share price, it’s not surprising to see growth stocks losing ground amid volatile market prices. markets.

Image source: Getty Images.

So what

Unity provides a development engine and other tools that can be used to create video games and other interactive content experiences. Strong trading performance and a promising long-term demand outlook have helped the stock climb around 91% since the market closed on its initial public offering (IPO) in September 2020, but stocks have recently suffered. a large sale due to concerns. related to the pandemic, interest rate hikes and other measures the Federal Reserve is likely to implement in 2022.

Now what

After the recent pullback, Unity stock is trading around 38% from the 52-week high it reached in November. For investors looking to take advantage of the long-term growth of the video game and the visual content industries, the recent pullback in Unity stock could be an interesting entry point. Unity also stands out as the first choice for those looking to cash in on the growth of the Metaverse. The company’s heavily growth-dependent valuation paves the way for volatile market swings if investor appetite for risky tech games continues to wane, but it would also not be surprising to see stocks rebound and hit new ones. tops.

Unity Software now has a market cap of around $ 37 billion and is valued at around 26 times expected sales this year.

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Defense inventory review: NOC, LMT win orders, LHX reorganizes segments – January 4, 2022 Tue, 04 Jan 2022 12:00:22 +0000

Over the past week, a generous flow of Pentagon contracts has likely kept the major defense contractors buoyant. As a result, major defense stock indices have finished in the green over the past five trading days. The S&P 500 Aerospace & Defense (Industry) index rose 0.8%, while the Dow Jones US Aerospace & Defense index rose 0.7% during the aforementioned period.

Among the highlights of the past week, the defense majors namely Northrop Grumman (CNO Free report), Lockheed Martin Corp. (LMT Free report), The Boeing Company (BA Free report) and Raytheon Technologies Corp. (RTX Free Report) got some notable deals during the Defense Department’s daily fundraising session. What’s more, L3Harris Technologies (LHX Free Report) announced the reorganization of its business sector.

Recap of Important Stories from Last Week

1. Northrop GrummanThe business unit of Northrop Grumman Systems Corp. was awarded a hybrid contract for low rate initial production and full rate production of the Integrated Combat Command System. The award was presented by the US Army Contracting Command, Redstone Arsenal, AL.

Valued at $ 1.38 billion, the contract is expected to be completed by December 22, 2026 (read more: Northrop unit wins $ 1.4 billion contract to manufacture IBCS) .

2. LockheedThe Aerospace business unit was awarded a modification contract to provide logistical support activities to the F-35 Lightning II Joint Strike Fighter jets. The agreement was awarded by Naval Air Systems Command, Patuxent River, MD.

Worth $ 492.7 million, the contract is expected to be completed by December 2022 (read more: Lockheed Martin wins $ 492.7 million modification contract).

Lockheed Martin’s business line Missiles and Fire Control (MFC) was awarded a contract for the performance-based logistics program of the modernized night vision sensor / target acquisition detection pilot (M-TADS / PNVS) for the Apache gunship. The award was presented by the US Army Contracting Command, Redstone Arsenal, AL.

Worth $ 102.4 million, the contract is expected to be completed by July 31, 2024 (read more: Lockheed wins $ 102 million deal to support Apache Helicopter).

3. Boeing landed a contract to support the modification of the F-15MJ aircraft for the Japanese Air Self-Defense Force. The award was presented by the Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, OH.

Worth $ 471.3 million, the contract is expected to be completed by December 31, 2028. Work on the deal will be performed in St. Louis, MO. $ 471 million to modify Japan’s F-15 jets).

4. Raytheon was awarded a modification contract for the manufacture and delivery of five new generation Mid-Band Jammers (NGJ-MB). The award was presented by Naval Air Systems Command, Patuxent River, MD.

Valued at $ 226.7 million, the contract is expected to be completed by September 2024. The majority of work related to this agreement will be carried out in Forest, MS (read more: Raytheon wins $ 227 million deal dollars to build a next-generation jammer).

5. L3Harris revealed that it is implementing a new alignment and organization of its core businesses. As a result, the company will now have three segments, as opposed to its previous four segments, which are integrated mission systems, space and airborne systems, and communications systems.

Such reorganizations should allow L3Harris to offer more advanced technological solutions, thus strengthening its position in the defense space.


Over the past five trading days, the defense greats have put on a solid show with the exception of Textron. Boeing gained the most, with shares rising 2.3%, followed by Raytheon.

The industry’s performance over the past six months has been mixed. While Lockheed, Boeing and Raytheon lost, Northrop and Textron won.

The following table shows the evolution of the prices of the main defense players over the last five trading days and over the last six months.

Society Last week Last 6 months
LMT 0.06% -7.11%
BA 2.31% -14.94%
DG 0.16% 10.04%
RTX 2.03% -0.74%
CNO 0.34% 4.42%
SMS -0.84% 11.82%
LHX 0.59% -3.59%