Quicken Loans parent sells shares in IPO below target to raise $1.8 billion

(Reuters) – Rocket Companies Inc RKT.N, the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target range, and that it sold fewer shares than planned. Rocket sold 100 million shares to raise $1.8 billion in the IPO, which valued the […]

Quicken Loans parent sells shares in IPO below target: source

(Reuters) – Rocket Companies Inc RKT.N, the parent of U.S. mortgage lender Quicken Loans, priced its initial public offering (IPO) on Wednesday at $18 per share, below a target range, and sold fewer shares than planned, a person familiar with the matter said. Rocket sold 100 million shares to raise $1.8 billion in the IPO, […]

SoftBank-backed BigCommerce shares jump nearly three-fold in Nasdaq debut

(Reuters) – SoftBank-backed BigCommerce Holdings Inc’s BIGC.O shares jumped nearly three-fold in their market debut on Wednesday, marking the biggest opening pop for a U.S. listing this year. BigCommerce, whose technology underpins e-commerce websites of companies and brands including Skullcandy Inc, Sony Corp (6758.T) and Ben & Jerry’s, opened at $68 per share on the […]

Telehealth company Teladoc to buy Livongo in $18.5 billion deal

(Reuters) – Telehealth market leader Teladoc Health (TDOC.N) said on Wednesday it would buy Livongo Health Inc (LVGO.O) in a cash-and-stock deal, valuing the company at $18.5 billion, to cash in on a rise in demand for online consultations amid the coronavirus crisis. The pandemic has thrust the U.S. telehealth industry into the spotlight this […]

Private equity trio eye AA takeover, company considers share issue

LONDON (Reuters) – British roadside recovery group AA (AAAA.L) has received three cash takeover offers from private equity groups, it said on Tuesday, but is also considering selling fresh equity as it tries to slash its debt pile. The three bidders are Centerbridge Partners Europe and Towerbrook Capital Partners acting together, Platinum Equity Advisors and […]

Veteran investor Bill Foley to raise $1.2 billion via new blank check company

(Reuters) – Veteran investor Bill Foley is seeking to raise $1.2 billion through the initial public offering (IPO) of a new blank check company, months after raising $1 billion through another special purpose acquisition company (SPAC). Foley Trasimene Acquisition Corp II, the new SPAC, said on Wednesday that the offering on the New York Stock […]

Fisker SPAC shares fall 20% after electric carmaker reports delays in VW deal

(Reuters) – Shares of the so-called blank-check company merging with electric carmaker Fisker fell 20% on Friday after it disclosed it would not close a deal by the end of July to use Volkswagen AG’s (VOWG_p.DE) electric-vehicle platform for its vehicles. Spartan Energy Acquisition Corp (SPAQ_u.N), backed by alternative investment manager Apollo Global Management Inc […]

Intesa's UBI deal sounds wake-up call for Italy's banks

MILAN (Reuters) – Intesa Sanpaolo’s (ISP.MI) victorious battle for rival UBI (UBI.MI) has sent shockwaves through Italy’s fragile banking sector as financiers try and work out who will be next in an industry ripe for consolidation. The unsolicited bid, Europe’s largest banking deal in a decade, has set the stage for further mergers in the […]

AES Corp to buy part of BNDES' stake in Brazil's AES Tiete

SAO PAULO/BRASILIA (Reuters) – Brazilian development bank BNDES has agreed to sell part of its stake in power company AES Tiete SA (TIET11.SA) to AES Corp (AES.N), it said in a filing on Tuesday. AES Corp offered to buy 65% of BNDES’ stake in AES Tiete for 17.15 reais ($3.33) per share, fully in cash. […]