Streetbeat News

Equity Actions

BROS

Dutch Bros has priced its $300 million offering of 11,538,461 common shares at $26 per share.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 6:38 am

SPGI

S&P Global has priced an offering of $750 million of 5.250% senior notes due 2033.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 6:14 am

EXPI

eXp World's subsidiary, eXp Realty, has expanded its reach by launching the eXp Luxury Real Estate Program in Canada. This move is expected to enhance the company's presence in the luxury real estate market.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 5:29 am

KRT

Karat Packaging Inc. (NASDAQ:KRT) has priced its secondary offering of 1,000,000 shares at $21.00 per share. The shares are being sold by members of the company's management team. The underwriter has an option to purchase up to an additional 150,000 shares. The offering is expected to close on September 12, 2023. The company will not receive any proceeds from the sale.

Portfolio Pulse from Charles Gross

September 08, 2023 | 12:02 am

ADYEY

ARKF

ARKW

Dutch payment technology company Adyen (OTC:ADYEY) has been granted a banking license in the UK, allowing it to offer cash advances to small and medium-sized enterprises. The license also enables Adyen to continue offering its recently launched financial product suite in the UK. Cathie Wood's ARK Invest recently purchased shares of Adyen through ARK Fintech Innovation ETF (NYSE:ARKF) and ARK Next Generation Internet ETF (NYSE:ARKW).

Portfolio Pulse from Khyathi Dalal

September 07, 2023 | 11:03 pm

HYDR

The U.S. Energy Department has established a $20 million fund for the development of underground hydrogen energy, marking its first-ever funding for this form of clean energy. The initiative is part of the Biden Administration's strategy to boost carbon-free energy production. Emerging companies like Koloma, HyTerra, and Natural Hydrogen Energy, which are conducting test drilling operations in Midwestern states, stand to benefit. However, the market performance of hydrogen-related stocks has been poor, with the Global X Hydrogen ETF (NASDAQ:HYDR) losing a third of its value since September 2022.

Portfolio Pulse from Piero Cingari

September 07, 2023 | 9:54 pm

AGBA

Williamsburg Venture Holdings has announced plans to invest up to $50 million in ordinary shares of AGBA Group over the next 36 months. This equity facility will enhance AGBA Group's capitalization and financing flexibility.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:04 pm

HPP

Hudson Pacific Properties has announced the suspension of its quarterly dividend on its common stock, starting with the Q3 dividend that would have been paid in September 2023.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:01 pm

BUD

Blaze Life Holdings (BLH) has appointed Anheuser-Busch InBev SA/NV (NYSE:BUD) veteran, Shreyas Balakrishnan, as its new CEO. Balakrishnan has nearly two decades of experience in brewing and distillery operations, distribution, sales, and M&A. His leadership led to Cutwater Spirits becoming the #1 RTD Cocktail Brand in the US. BLH aims to model its distribution on the regulated alcohol industry's three-tier system.

Portfolio Pulse from Joana Scopel

September 07, 2023 | 9:01 pm

RH

RH reported Q2 earnings of $3.93 per share, beating the analyst consensus estimate of $2.56, but a 51.36% decrease from last year. The company also reported quarterly sales of $800.48 million, beating the analyst consensus estimate of $784.90 million, but a 19.28% decrease from last year. RH repurchased 3.7 million shares in Q2 at an average price of $325.65. The company raised its revenue guidance for 2023 and expects challenging conditions in the luxury housing market and broader economy throughout 2023 and into 2024.

Portfolio Pulse from Ryan Gustafson

September 07, 2023 | 8:55 pm