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Blackstone-backed Legence raises $728 million in US IPO
Reuters· 2025-09-11 23:20
Group 1 - Legence, an engineering and maintenance services provider, raised $728 million in its U.S. initial public offering [1] - The IPO reflects a trend of companies seeking to go public amid heightened market activity [1]
Winklevosses' crypto exchange Gemini raises $425 Million in IPO, Bloomberg News reports
Reuters· 2025-09-11 22:52
Core Insights - Gemini Space Station raised $425 million in an initial public offering (IPO) [1] - The stock was priced above the marketed range, indicating strong demand [1] - The number of shares offered was reduced, which may reflect a strategic decision to enhance stock value [1] Financial Summary - The total amount raised in the IPO was $425 million [1] - The pricing strategy involved setting the stock price above the initially marketed range, suggesting positive market sentiment [1] - The reduction in the number of shares offered could imply a focus on maintaining a higher stock price post-IPO [1]
Microsoft, OpenAI sign MoU for next phase of partnership
Reuters· 2025-09-11 21:35
Microsoft and OpenAI have signed a memorandum of understanding for their next phase of partnership and are actively working to finalize contractual terms, the companies said on Thursday. ...
Boeing falling behind on certifying its 777X, CEO says
Reuters· 2025-09-11 21:00
Boeing CEO Kelly Ortberg said on Thursday that the planemaker is behind schedule on certifying the 777-9, its newest widebody jet. ...
Adobe raises annual revenue and profit forecasts on strong design software demand
Reuters· 2025-09-11 20:41
Adobe raised its fiscal 2025 revenue and profit forecasts on Thursday, signaling strong demand for its design software and increased monetization of its artificial intelligence tools. ...
Embraer eyes 100 commercial jet deliveries per year in 2028, CEO says
Reuters· 2025-09-11 18:09
Core Viewpoint - Embraer aims to achieve 100 commercial aircraft deliveries annually by 2028, but supply chain challenges may hinder this goal [1] Company Summary - The CEO of Embraer communicated the target of reaching 100 commercial aircraft deliveries per year by 2028 [1] - Current supply chain issues are expected to delay the achievement of this delivery target [1]
US sues Uber, alleges disability discrimination
Reuters· 2025-09-11 17:47
The U.S. government on Thursday sued Uber Technologies , accusing the ride-sharing company of discriminating against passengers with disabilities. ...
Paramount Skydance prepares Ellison-backed bid for Warner Bros Discovery, WSJ reports
Reuters· 2025-09-11 17:38
Paramount Skydance is preparing a majority cash bid for Warner Bros Discovery that is backed by the Ellison family, the Wall Street Journal reported on Thursday. ...
Eli Lilly loses appeal of $183.7 million Medicaid fraud award
Reuters· 2025-09-11 17:30
A federal appeals court on Thursday rejected Eli Lilly's appeal of an $183.7 million judgment won by a whistleblowing lawyer and pharmacist who accused the drugmaker of defrauding Medicaid. ...
Exclusive: IPO of Winklevoss-founded crypto exchange Gemini over 20 times oversubscribed, sources say
Reuters· 2025-09-11 16:50
Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has drawn over 20 times as many orders for its planned U.S. initial public offering as there are available sh... ...