Robinhood Stock Falls in First Trading Day After IPO; Still Looks Richly Valued
Robinhood Markets Inc. (NASDAQ: HOOD), the popular online brokerage which pioneered zero commissions for retail investors, priced its IPO at US$38 per share on the evening of July 28. The stock declined 8.4% in its first day of trading on July 29 to close at US$34.82, which equates to a total stock market capitalization of around […]
Newlox Gold: The Brazilian Expansion – The Daily Dive
Today on the Daily Dive, host Cassandra Leah sits down with Ryan Jackson, CEO of Newlox Gold Ventures Corp (CSE: LUX). Ryan joins us to give us the latest on their current operations, and their latest expansion in Brazil. Newlox is the only public resource-focused operator within the country of Costa Rica. Classified as an […]
SEC Halts Chinese IPO Registrations Over Lack Of Risk Disclosures
The SEC has temporarily stopped processing Chinese IPO registrations and other security sales, while it determines a new set of guidelines for disclosing the risk of Beijing’s latest regulatory scrutiny to investors. On Tuesday, SEC commissioner Allison Lee announced that any Chinese-based companies listing their securities on US exchanges are required to routinely report to […]
Biotech Firm IN8bio Eyes US$40 Million IPO
Clinical-stage biopharmaceutical company IN8bio, Inc. (Nasdaq: INAB) began trading on the Nasdaq Global Market today under the symbol “INAB”. The firm’s initial public offering is looking to raise US$40.0 million and is expected to close on August 3, 2021. The offering consists of 4,000,000 common shares selling at US$10.00 per share. The company intends to […]
Grill Maker Traeger Prices US$423.5 Million IPO
Outdoor cooking system maker Traeger Inc. (Nasdaq: COOK) started publicly trading on the New York Stock Exchange yesterday under the symbol “COOK”. The firm’s initial public offering is looking to raise US$423.5 million and is expected to close on August 2, 2021. The offering will be conducted through the issuance of 23,529,411 common shares, selling […]
Amazon Sent Plummeting as Earnings Miss Expectations
With Jeff Bezos now spending his time in outer space, things at Amazon (NASDAQ: AMZN) aren’t quite meeting Wall Street’s expectations. Shares of Amazon were sent into a decline on Thursday, after the e-commerce giant’s second quarter earnings fell short of forecasts, suggesting that the bout of accelerated growth witnessed throughout the pandemic may be […]
Yamana Gold Reports US$437.4 Million In Revenue, US$94.1 Million Net Loss In Q2 2021
Yamana Gold Inc. (TSX: YRI) announced today the company’s financial results for Q2 2021, highlighting US$437.4 million in revenue. This is an increase from Q2 2020’s revenue of US$303.4 million. On the operations side, the company produced 241,341 gold equivalent ounces for the quarter, including 217,402 gold ounces and 1.6 million silver ounces. For the […]
Enbridge Ends Q2 2021 With $10.9 Billion In Revenue
Enbridge Inc. (TSX: ENB) released this morning its Q2 2021 financial results, which saw the company post $10.9 billion in revenue. This is a notable increase from Q2 2020’s revenue of $8.0 billion. The majority of the quarterly revenue came from the company’s commodity sales, notching $6.3 billion. The other revenue streams came from transportation […]
Big Rock Brewery Posts Net Revenues Of $13.7 Million In Q2 2021
Big Rock Brewery Inc. (TSX: BR) today reported the company’s financial results for the three months ended June 30, 2021. The company recorded gross revenues of $18.6 million for the quarter, versus the $16.8 million realized for the same period last year. On a net basis, revenue for the second quarter climbed to $13.7 million, […]
EnerDynamic Conditionally Closes On Acquisition Of Windular Research & Tech, Cleans Up Balance Sheet
EnerDynamic Hybrid Technologies (TSXV: EHT) this morning provided a corporate update to shareholders, with the firm indicating that it continues to work towards cleaning up its balance sheet. The process is part of the firms acquisition of Windular Research and Technologies, the transaction of which has now conditionally closed pending the approval of the TSX […]