TABLE OF CONTENTS REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 12, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ENCORE MEDICAL, INC. (Exact name of registrant as specified in its charter) 3841 Minnesota (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Numb ...

Core Viewpoint - Gemini Space Station Inc. has successfully launched its IPO on Nasdaq, aiming to raise up to $425 million with significant oversubscription, indicating strong market interest despite underlying financial challenges [1][4]. Company Overview - The company has an initial market capitalization of $2.97 billion and approximately 118.8 million shares outstanding [3]. - On its first trading day, Gemini shares opened at $28, aligning with the expected price range and showing low volatility [4]. Financial Performance - Revenue reported at $68.6 million, with a substantial net loss of $282.5 million [8]. - Total assets are valued at $1.57 billion, while total liabilities stand at $2.11 billion, resulting in negative shareholder equity of $1.06 billion [8]. Market Reception - The IPO was 20 times oversubscribed, reflecting high demand, which some critics attribute to the Winklevoss brand and the current Bitcoin rally rather than the company's fundamentals [2][4]. - Major Wall Street firms, including Citigroup and Goldman Sachs, are backing the IPO, indicating strong institutional support [6]. Strategic Initiatives - The company plans to allocate up to 30% of its IPO shares to small investors through online brokerage platforms, enhancing accessibility [5]. Legal and Audit Support - Deloitte & Touche serves as the auditor, while Davis Polk & Wardwell is the legal counsel for the underwriters, showcasing a robust support structure for the IPO [7].

Company Overview - StubHub, a ticket reseller, has experienced significant demand for its upcoming IPO, with over 20 times as many orders as available shares, indicating strong investor interest in tech-heavy consumer platforms [1] - The company is targeting a valuation of up to $9.2 billion and aims to raise up to $851 million by offering 34 million shares priced between $22 and $25 each [3] Market Context - StubHub had previously postponed its IPO roadshow due to market volatility caused by U.S. tariffs, which affected global markets and dealmaking [2] - Recent trends show a resurgence in U.S. IPOs, with various companies successfully tapping public markets amid record high equity markets and reduced tariff concerns [2] Historical Background - StubHub was co-founded in 2000 by Jeff Fluhr and current CEO Eric Baker, who left the company before its $310 million sale to eBay in 2007 [4] - In 2020, viagogo, a rival ticket reseller founded by Baker, acquired StubHub from eBay for $4.05 billion [4] Underwriting and Listing - J.P. Morgan and Goldman Sachs are the lead underwriters for StubHub's IPO [4] - The company plans to list on the New York Stock Exchange under the ticker symbol "STUB" [4]

Core Insights - The company Gemini has experienced significant trading activity, currently up about 24% and trading around 3420, following its IPO pricing at $28 a share [1][2] - The initial open price was 3701, indicating volatility in the stock price, which was noted to have reached highs of 60% during the session [2] - This IPO is part of a trend of crypto-related IPOs that have shown strong initial demand, with Gemini's roadshow generating better than expected interest, leading to a price increase above the initial range [3] Trading Activity - The stock has shown considerable volatility, with a current increase of about 22% and a peak increase of 60% during the trading session [2] - There is a notable volume of trading activity, suggesting strong interest from retail investors [4] - The overall demand for IPOs in the crypto sector is being monitored to assess whether these prices can be sustained post-IPO [4]

Group 1: Federal Reserve Chair Race - Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, is emerging as a leading candidate for the Federal Reserve Chair position, with Treasury Secretary Scott Bessent having interviewed him among at least 11 potential candidates [3][4][9] - Rieder has previously supported interest rate cuts, aligning with President Trump's criticisms of the Fed's rate decisions [4][9] - The selection process is being managed by Bessent, who aims to present a shortlist to President Trump [4][9] Group 2: Via Transportation IPO - Via Transportation Inc. commenced trading on the NYSE, with shares opening at $44, below its IPO price of $46 per share [5][9] - The IPO involved the offering of 10,714,285 shares of Class A common stock, raising approximately $492.9 million in gross proceeds, priced at the higher end of its marketed range of $40.00 to $44.00 per share [6][9] - The closing of the offering is anticipated on September 15, 2025, subject to customary conditions [6] Group 3: Diplomatic Engagement - President Trump is scheduled to have dinner with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani and Envoy Steve Witkoff, highlighting ongoing diplomatic engagements [7][9]

Shares in cryptocurrency brokerage Gemini Space Station (GEMI) jumped more than 60% after opening for public trading on Friday, before paring those gains to finish around 14% higher. Gemini Space Station, an exchange founded by brothers Cameron and Tyler Winklevoss, opened at $37.01 after its IPO was priced at $28. It surged higher than $45 in the minutes after the stock's public offering before falling to around $35. The midday trading price values the company at roughly $1.4 billion. Trading was halted ...

Core Insights - Goldman Sachs Group, Inc. (GS) stock reached an all-time high of $793.2, driven by strong momentum in mergers and acquisitions (M&As) and initial public offerings (IPOs) [1][8] - The company's investment banking (IB) revenues increased by 24% in 2024 to $7.73 billion, rebounding from previous declines due to geopolitical and economic challenges [6][9] - Goldman Sachs raised its dividend by 33% following the 2025 Federal Reserve stress test, indicating robust financial health and shareholder-friendly actions [8][14] Investment Banking Performance - Year-to-date, Goldman Sachs shares have appreciated by 38.3%, outperforming the industry average of 28.9% [2] - The company maintained its 1 ranking in both announced and completed M&A transactions despite a challenging market environment [6] - M&A activities are expected to remain strong in the second half of 2025, supported by favorable regulatory conditions and corporate demand for growth [9] Asset and Wealth Management - The Asset and Wealth Management (AWM) division's net revenues grew at a CAGR of 9.9% from 2022 to 2024, although there was a decline in the first half of 2025 due to market uncertainties [11] - As of June 30, 2025, the AWM division managed $3.3 trillion in assets, with a focus on expanding fee-based revenue streams [11][12] - Goldman Sachs is exploring acquisitions to enhance its AWM footprint, anticipating growth in the high-single-digit range [12] Financial Strength and Capital Distribution - Goldman Sachs has a strong liquidity profile, with cash and cash equivalents of $153 billion and near-term borrowings of $69 billion as of June 30, 2025 [13] - The company has a share repurchase plan with $40.6 billion worth of shares available under authorization, alongside a healthy dividend payout ratio of 26% [15] - The quarterly dividend was increased to $4.00 per common share, marking a 33.3% increase from the previous payout [14] Estimates and Valuation - The Zacks Consensus Estimate for Goldman's 2025 and 2026 sales implies year-over-year growth of 6.3% and 6.5%, respectively [16] - The earnings estimates for 2025 and 2026 have been revised upward to $46.21 and $52.93, indicating year-over-year growth of 13.9% and 14.6% [19] - Goldman Sachs stock is trading at a forward price/book (P/B) ratio of 2.18X, which is below the industry average of 2.33X and its peers [21] Long-term Outlook - The rebound in M&As and a robust deal pipeline are expected to support the company's IB business [25] - Goldman Sachs is positioned to handle near-term volatility with strong operational results and diverse revenue streams [24] - The stock is considered an attractive long-term investment option, supported by aggressive capital returns through dividends and buybacks [25]

Core Viewpoint - Billionbrains Garage Ventures Ltd., the parent company of India's largest investment platform Groww, is preparing for an initial public offering (IPO) in Mumbai, aiming to raise between $650 million and $800 million at a valuation of up to $8 billion, backed by Microsoft CEO Satya Nadella [1][6]. Group 1: IPO Details - The IPO could make Groww the largest brokerage in India by market value, surpassing its nearest competitor Angel One Ltd., which is valued at approximately $2.3 billion [6]. - The deal size may be revised if the market regulator approves a proposal to lower the minimum public float for large listings from 10% to 8% for companies with a post-IPO market value between 500 billion rupees and 1 trillion rupees [2][6]. - Major financial institutions advising the offering include JPMorgan Chase & Co., Kotak Mahindra Bank Ltd., Citigroup Inc., Axis Bank Ltd., and Motilal Oswal Investment Advisors [6]. Group 2: Company Performance - As of August, Groww had 12.07 million active clients on the National Stock Exchange of India Ltd., representing a 26% share of the exchange's user base [6]. - Other notable investors in Groww include Peak XV Partners, Ribbit Capital, and Tiger Global Management [6].

Group 1: Market Overview - Stocks are on track for the fourth week of gains in the past five weeks, with major indices like the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average reaching all-time highs [2][7] - Recent inflation data from the Producer Price Index (PPI) and Consumer Price Index (CPI) suggests inflation may be stabilizing or contracting, leading to expectations of a Federal Reserve rate cut [3][7] - The upcoming week is significant due to the triple witching expiration of options and futures, which historically brings volatility [6][7] Group 2: IPO Activity - The week has seen a surge in Initial Public Offerings (IPOs), including Klarna and Figure Technology Solutions, both of which were oversubscribed [4] - Gemini Space Station, a crypto exchange founded by the Winklevoss twins, is also expected to begin trading today and has been oversubscribed, indicating strong investor appetite for new issues [4][6] - The current environment for IPOs is viewed positively, suggesting a healthy market as long as the companies have viable products and revenues [4] Group 3: Individual Stock Highlights - Adobe reported earnings that exceeded expectations, leading to a projected 4.5% increase in its stock price [5] - Restoration Hardware issued a disappointing report, resulting in an expected 8% decline in its stock price [5] - Super Micro Computer announced it will start shipping Nvidia's Blackwell Ultra chips, with shares expected to rise by about 6% [5] - Warner Brothers Discovery shares are increasing following news of a potential acquisition offer from Paramount Skydance [5]

Core Viewpoint - Gemini, the crypto exchange founded by the Winklevoss twins, is set to begin trading with an IPO price of $28 per share, indicating strong market interest and a potential for significant first-day gains [2][3]. Group 1: IPO Details - The IPO price of $28 per share is above the previously expected range of $24 to $26, suggesting strong demand [2]. - Gemini sold 15.1 million Class A shares, raising a total of $425 million [2]. - The company is expected to have a market value of approximately $3.3 billion following its public debut [3]. Group 2: Market Demand and Investment - There was a $50 million private placement investment from Nasdaq, indicating confidence in Gemini's market potential [2]. - Demand for Gemini's shares was reported to be more than 20 times higher than the available shares, reflecting strong investor interest [2]. Group 3: Company Overview - Gemini operates one of the well-known crypto exchanges in the U.S. and offers a credit card with crypto rewards and a stablecoin [4]. - Although Gemini's trading volumes are significantly lower than those of Coinbase, the company sees growth potential in tokenization and card payments [4].