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ISPR

Ispire Technology has announced the pricing of its public offering at $12.3 million, involving the sale of 2.05 million shares of common stock at a price of $6.00 per share. The closing of this offering is anticipated to occur around March 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:32 am

BROS

Dutch Bros Inc. announced the pricing of a secondary public offering of 8 million Class A common shares at $34 per share, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:07 am

BABA

BILI

PDD

Alibaba Group Holding Ltd (NYSE:BABA) has sold $360 million worth of Bilibili Inc (NASDAQ:BILI) stock to fund AI investments and business revamp. The sale is part of Alibaba's strategy to focus on core retail and technology, including cloud computing and AI. This move comes as Alibaba aims to strengthen its position against competitors like PDD Holdings Inc (NASDAQ:PDD) and invests in Chinese AI startups. Bilibili faces profitability challenges despite its collaboration with Alibaba. Alibaba's stock has declined by 12% over the last year, but co-founder Jack Ma retains his stake, showing confidence in the company's potential.

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 10:58 am

FDX

FedEx shares surged following the announcement that the company exceeded Q3 earnings per share (EPS) expectations and initiated a new $5 billion share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:52 am

AQN

Algonquin announced that its Corporate Governance Committee will review director nominations from Starboard Value and has advised shareholders not to take any action at this time. The company values open communication with shareholders and appreciates constructive input to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:34 am

SIFY

Sify Technologies has filed for a rights offering, aiming to expand its digital services and data center operations. This strategic move is expected to enhance the company's infrastructure and service offerings, positioning it for future growth in the rapidly evolving digital landscape.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:39 am

BROS

Dutch Bros Inc. announced the pricing of a secondary public offering of 8M shares of Class A common stock at $34/share by TSG Consumer Partners, L.P. The offering is expected to close by March 26, 2024, with an option for underwriters to purchase an additional 1.2M shares.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:28 am

FDX

HYZN

LULU

NKE

WS

FedEx, Worthington Steel, Hyzon Motors, Nike, and Lululemon Athletica reported their quarterly earnings with mixed results. FedEx and Worthington Steel exceeded expectations, with FedEx also announcing a $5 billion share repurchase program. Hyzon Motors is anticipated to report a loss. Nike reported positive earnings but saw a share price drop, while Lululemon also exceeded expectations but issued a weak forecast, leading to a significant share price decline.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 6:52 am

AUNA

Auna has priced its Initial Public Offering (IPO) of 30 million Class A ordinary shares at $12 per share, resulting in gross proceeds of $360 million.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 6:08 am

STVN

Stevanato Group has announced an upsized public offering of 12.7 million ordinary shares at $26 per share. The offering is split equally between the company itself and Stevanato Holding S.r.l., a major shareholder holding about 78% of the company's shares.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 5:47 am