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Equity Actions

YUMC

Yum China (YUMC) has announced plans to expand its store count to 20,000 by 2026, aiming for a double-digit compound annual growth rate (CAGR) in earnings per share (EPS). The company also targets to return $3 billion to shareholders from 2024 to 2026.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:30 am

SBOW

SilverBow Resources has priced an upsized public offering of 4 million common shares at $37 per share.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:13 am

BIOL

BIOLASE has priced an underwritten public offering of 75,000 units, each consisting of one share of Series J Convertible Redeemable Preferred Stock and one warrant to purchase half a share of the same. The offering is expected to close on September 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:11 am

AMC

AMC Entertainment has completed an at-the-market equity offering of 40 million shares, raising approximately $325 million.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 5:56 am

AAL

AMZN

FFIE

NFLX

TSLA

U.S. stocks showcased a mixed performance on Wednesday, influenced by the rising inflation rate. Netflix shares declined due to a subdued forecast for operating margins. Faraday Future's stock surged, trading at a volume of 12.8 million shares. Amazon's stock increased as the company leverages generative AI capabilities. American Airlines' stock decreased due to a surge in fuel prices. Tesla's stock saw an upward trend due to the EU's announcement of an anti-subsidy investigation into Chinese EVs.

Portfolio Pulse from Benzinga Neuro

September 14, 2023 | 1:49 am

ARM

SFTBF

SFTBY

Arm Holdings has priced its IPO of 95.50 million ADSs at $51 per ADS. The SoftBank subsidiary has also granted underwriters the option to purchase up to an additional 7 million ADSs. The IPO is expected to close on September 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 9:37 pm

ARM

Arm has announced the pricing of its Initial Public Offering (IPO) at $51.00 per American Depositary Share (ADS). The ADSs are expected to start trading on the Nasdaq Global Select Market under the symbol 'ARM' on September 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 9:32 pm

AAPL

GOOGL

NVDA

SFTBF

TROW

UK-based chip design firm, Arm Holdings, is preparing for an IPO that could value the company at $54 billion. The IPO is expected to raise approximately $5 billion for parent company SoftBank. Major tech companies including Apple, Google, Nvidia, and T. Rowe Price are expected to buy $735 million worth of Arm shares at the IPO price. The IPO is being underwritten by a consortium of 28 banks, including Goldman Sachs, JPMorgan, and BofA Securities.

Portfolio Pulse from Ryan Gustafson

September 13, 2023 | 9:32 pm

VTLE

Vital Energy has announced a public offering of 2.5 million shares of its common stock. The company also plans to offer senior notes. Additionally, the underwriters are expected to be granted a 30-day option to purchase up to 375,000 additional shares.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 9:26 pm

ATHX

Athersys has filed for the resale of up to 15.4 million shares of common stock by the selling stockholders. This move could potentially dilute the value of existing shares.

Portfolio Pulse from Charles Gross

September 13, 2023 | 9:16 pm