Biopharma Absci Prices US$200 Million IPO
Synthetic biology company Absci Corporation began trading on the Nasdaq Global Select Market today under the symbol “ABSI”. The firm’s initial public offering is looking to raise US$200.0 million and is expected to close on July 26, 2021. The offering consists of 12,500,000 common shares selling at US$16.00 per share. This puts the company valuation […]
Didi Shares Plummet Amid Reports of China Preparing Severe Penalties
Shares of Didi were sent spiralling downwards on Thursday, after reports emerged that Beijing is allegedly planning to impose serious penalties against the ride-hailing company, following its controversial public debut last month. Regulators from the Cyberspace Administration of China (CAC) were allegedly strongly opposed to Didi’s public offering, given that it posed a threat to […]
Insurance Firm Ryan Specialty Group Looks To Raise US$1.3 Billion In IPO
Insurance provider Ryan Specialty Group Holdings priced its initial public offering as the company starts trading today on the New York Stock Exchange under the symbol “RYAN”. The offering aims to raise US$1.3 billion. The offering will be conducted through the issuance of 56,918,278 Class A common shares selling at US$23.50 per share. The company […]
IAMGOLD Reports Q2 2021 Preliminary Results, Lowers Full-Year Production Guidance For Côté Gold Project
IAMGOLD Corporation (TSX: IMG) reported today the preliminary operating results for Q2 2021, highlighting a total attributable production of 139,000 gold ounces. This is a decrease from Q1 2021’s production of 156,000 gold ounces. Due to lower production for the first half of the year, mainly due to results from Rosebel and Westwood sites, the […]
Elon Musk Confirms He Owns Ethereum, Sends Cryptocurrency Surging
It appears that Elon Musk’s admiration for cryptocurrencies is a lot bigger than previously thought. During “The B-Word” conference, hosted by the Crypto Council for Innovation on Wednesday, the Tesla CEO discussed the future of bitcoin, alongside fellow bulls Cathie Wood and Jack Dorsey. Musk said that not only does he personally own bitcoin and […]
Silvercorp: Production Results Miss Canaccord Estimates
Last week, Silvercorp Metals Inc. (TSX: SVM) (NYSE: SVM) reported its operational results and announced a definitive date for its fiscal first-quarter results. The company will report its first-quarter results on August 5th after market close. The company produced 1.5 million ounces of silver for the quarter, 1,000 ounces of gold, 15.9 million pounds of lead, […]
SEC Chair Gary Gensler Warns of Crackdown on Security-Pegged Stablecoins
The SEC has warned that synthetic stocks being traded on blockchains are still subject to securities laws, and any financial institutions selling such tokens to investors may face legal scrutiny by regulators. In a speech to the American Bar Association on Tuesday, SEC Chair Gary Gensler said that any cryptocurrencies whose price mirrors that of […]
New Home Prices Remain Elevated Despite Broader Real Estate Market Slowdown
Despite what appears to be a sign of moderation in real estate markets across Canada, the price of new homes remains elevated, as year-over-year gains in key regions once again reached record-highs. According to Statistics Canada, new home prices rose 0.6% in June, marking the lowest month-over-month increase in six months. However, when compared to […]
Interra Copper Launches Maiden Drill Program At Thane Property
Interra Copper Corp (CSE: IMCX) this morning announced that they have begun drilling. The maiden drill program is to take place at the firms Thane Property, located in North Central British Columbia. Defined as a phase 1 drill program, the program will see at least 2,400 metres of core drilled across eight separate drill pads […]
Boeing Sees Canaccord Reiterate Price Target, Buy Rating
In the last weeks, Boeing (NYSE: BA) has been in the news due to its ongoing complications with its airplanes. It started on July 12th with the U.S Federal Aviation Administration issuing a production notice for the Boeing 787 after discovering a manufacturing quality issue near the nose on some 787 Dreamliners. The FAA said […]