Streetbeat News

Equity Actions

KVYO

Klaviyo has priced its initial public offering (IPO) of 19.2 million common shares at $30 per share. The offering includes 11.5 million shares offered by Klaviyo and 7.7 million shares to be sold by existing stockholders. The gross proceeds from the offering are expected to be around $345.2 million, before deductions.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:11 am

Permian Resources has priced its secondary public offering of 21.45 million common shares at $13.05 per share.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:56 am

MSGE

Madison Square Garden Entertainment Corp. (MSGE) has priced its public offering of 7.15 million common shares at $32.50 per share. The company also plans to repurchase 1,602,564 shares for approximately $50 million at $31.20 per share.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:51 am

TSLA

Nikola CEO Steve Girsky has stated that General Motors Corp. (GM) once dismissed Tesla, Inc. (TSLA) as insignificant, giving Tesla a 10-year head start in the electric vehicle industry. Girsky believes that Nikola has a similar opportunity as major companies are overlooking the zero-emissions trucking industry. Tesla's first-mover advantage has allowed it to scale up, improve manufacturing efficiency, and vertically integrate, maintaining its position as the leading global EV manufacturer.

Portfolio Pulse from Shanthi Rexaline

September 20, 2023 | 6:40 am

HLVX

HilleVax has priced its public offering of 8 million common shares at $12.50 per share, aiming to raise $100 million.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:13 am

STLA

Former Vice President Mike Pence criticized Donald Trump for skipping the second GOP primary debate for the 2024 presidential race. Pence believes it's a missed opportunity for Trump to articulate his plans for the nation. Trump justified his absence by citing a strong lead and accusing Fox News Channel of bias. Instead of attending the debate, Trump chose to address autoworkers in Detroit during a time of strikes against Ford Motor, General Motors, and Stellantis NV plants.

Portfolio Pulse from Navdeep Yadav

September 20, 2023 | 5:49 am

ARKK

DKNG

DNA

RBLX

TDOC

TSLA

Ark Invest, led by Cathie Wood, continues to sell Tesla shares, with the latest sale amounting to nearly $20.56 million. This comes despite Tesla's recent 9% rally and discussions about its potential in autonomous driving technology. The sale was made through Ark Innovation ETF. Ark Invest also made significant trades in Teladoc, Roblox, DraftKings, and Ginkgo Bioworks.

Portfolio Pulse from Benzinga Neuro

September 20, 2023 | 3:56 am

AVGR

BABA

CART

NIO

TSLA

U.S. stocks experienced a downward trend with the Dow Jones declining by over 100 points. Notable stocks include Maplebear Inc. (Instacart) which debuted above its IPO price, NIO Inc. which declined by 17.07% following its decision to raise $1 billion, Avinger Inc. which increased by 72.16% after announcing the launch of a new device, Alibaba which increased slightly after announcing plans to invest $2 billion in Turkey, and Tesla which also saw a modest increase despite a Sell rating from GLJ Research.

Portfolio Pulse from Benzinga Neuro

September 20, 2023 | 2:37 am

AMD

INTC

NVDA

QCOM

SPY

XLK

Goldman Sachs Research predicts AI investment to peak at $200 billion globally and $100 billion in the U.S. by 2025. The majority of AI investments will come from hardware investment and increased spending on AI-enabled software. The firm also believes the world is in a new technology cycle that will lead to further outperformance in the sector. The Technology Select Sector SPDR Fund (XLK) posted a 37% YTD increase, while the SPDR S&P 500 ETF Trust (SPY) saw a 16% surge. Notable players in the AI chips market include Qualcomm (QCOM), Nvidia (NVDA), Intel (INTC), Advanced Micro Devices (AMD), and C3.ai (AI).

Portfolio Pulse from Khyathi Dalal

September 19, 2023 | 11:07 pm

FOXO

Foxo Technologies has entered into a shares for services agreement with Mitchell Silberberg & Knupp (MSK). Under the agreement, Foxo issued 2,928,662 shares and rights to receive 5,110,263 shares of Class A common stock to MSK.

Portfolio Pulse from Charles Gross

September 19, 2023 | 9:32 pm