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Equity Actions

AER

General Electric (GE) is selling 40.68 million shares of AerCap Holdings (AER) at $59 per share, a 4.5% discount to AerCap’s closing price on September 11. The secondary offering was upsized from the previously announced 32.4 million shares. AerCap will repurchase 15.25 million of its ordinary shares from the underwriters at $57.53 per share. The gross proceeds for GE will be about $2.4 billion.

Portfolio Pulse from Shivani Kumaresan

September 12, 2023 | 9:48 am

DOGEUSD

TWTR

Elon Musk's new biography reveals his skepticism about using blockchain technology for Twitter, despite his interest in cryptocurrencies like Dogecoin. The book also discusses Sam Bankman-Fried, former CEO of FTX, and his enthusiasm for incorporating blockchain into Twitter. Musk's primary banker at Morgan Stanley, Michael Grimes, tried to facilitate a meeting between Musk and Bankman-Fried, who was willing to contribute $5 billion to the potential acquisition of Twitter.

Portfolio Pulse from Mehab Qureshi

September 12, 2023 | 9:39 am

AMD

ARKG

ARKQ

NVDA

Ark Invest, led by Cathie Wood, has increased its stake in Advanced Micro Devices (AMD) while continuing to divest from Nvidia (NVDA). Ark purchased 14,978 shares of AMD, valued at $1.58 million, through its Ark Autonomous Technology and Robotics ETF (ARKQ). Meanwhile, Ark's Ark Genomic Revolution ETF (ARKG) sold 21,014 Nvidia shares worth $9.79 million last week. Ark has been selling Nvidia shares since October 2022 due to the company's high valuation and the attractiveness of other smaller AI plays.

Portfolio Pulse from Shanthi Rexaline

September 12, 2023 | 7:28 am

NWGL

Nature Wood Group has priced its initial public offering (IPO) of 750,000 American Depositary Shares (ADS) at $9 per ADS, raising a total of $6.75 million.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 7:07 am

AER

AerCap has priced its secondary offering of 40.68 million ordinary shares at $59 per share. The shares are being sold by GE Capital US Holdings.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 7:01 am

CBAY

CymaBay Therapeutics has priced an upsized public offering of 12,551,080 common stocks at $17.13 per share and 583,771 pre-funded warrants at $17.1299 per underlying share, raising $225 million.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 6:57 am

OGS

ONE Gas has priced its public offering of 1.2 million common shares at approximately $88.80 million.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 6:39 am

NVX

An engineering study has revealed that NOVONIX's proprietary all-dry, zero-waste cathode synthesis process could lead to significant cost savings. The company's innovative approach to cathode production could potentially disrupt the battery industry.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 5:46 am

DDD

DKNG

HOOD

RBLX

SHOP

Ark Invest, led by Cathie Wood, sold $14.9M worth of DraftKings Inc (DKNG) shares and bought $5.7M worth of Robinhood Markets Inc (HOOD) shares. Other trades included the purchase of Block Inc (SQ) and Roblox Corp (RBLX) shares, and the sale of JD.COM Inc (JD), Shopify Inc (SHOP), and 3D Systems Corp (DDD) shares.

Portfolio Pulse from Benzinga Neuro

September 12, 2023 | 3:24 am

DTSS

Datasea has commenced an underwritten public offering, with the intention to use the net proceeds for research and development, market development, and general corporate purposes. The terms of the offering have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 9:26 pm