Hg to Become Majority Shareholder, with Minority Investments from General Atlantic and Tidemark Shareholders to Receive $24.00 Per Share in Cash Transaction Represents a 31% Premium Over Closing Share Price on January 5, 2026 Partnership to Accelerate OneStream's AI Innovation and Scale for Office of the CFO BIRMINGHAM, Mich., Jan. 6, 2026 /PRNewswire/ -- OneStream, Inc. (Nasdaq: OS) ("OneStream" or the "Company"), the leading enterprise Finance management platform that modernizes the Office of the CFO by u ...

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Core Insights - Lazard is intensifying its focus on the Financial Advisory segment, which represented nearly 58% of total operating revenues as of September 30, 2025 [1][11] - The firm is expanding its advisory capabilities through targeted senior hiring, new specialized services, and a greater emphasis on high-growth verticals such as Private Capital Advisory [1][3] Financial Advisory Expansion - Lazard plans to add 10-15 net new managing directors (MDs) to its Financial Advisory division each year while maintaining high standards of excellence [2] - Average revenues per MD reached $8.6 million in 2024, climbing to nearly $9 million per MD since then, with a target to surpass $10 million by 2028 [2] Private Capital Advisory - The firm is deepening its connectivity to private capital markets, aiming for private-capital-related activity to account for 50% of total advisory revenues [3] Geographic Expansion - Lazard is broadening its global footprint by adding new offices and expanding its presence in key growth regions, including Europe and the Middle East [4] - This enhanced geographic reach allows access to a wider and more diversified client base, strengthening sector coverage [4] Technology and Productivity - The company is investing in proprietary AI tools, including LazardGPT, to deepen client insights and streamline internal processes [4] - By scaling its MD base and deploying advanced AI tools, Lazard is positioning itself for sustained growth and improved profitability into 2030 [5] Competitive Landscape - Lazard's peers, T. Rowe Price and Federated Hermes, are also strengthening their advisory businesses, with T. Rowe Price's investment advisory revenue constituting 77% of net revenues as of September 30, 2025 [6][7] - Federated Hermes' net investment advisory fees comprised 67.2% of total revenues, supported by a large AUM base and diversified investment strategies [8] Performance Metrics - In the past six months, Lazard shares have gained 24.6%, contrasting with the industry's decline of 3% [9]

Core Insights - UP Fintech achieved record-high revenue and profit in Q3 2025, with total revenue of US$175.2 million, a 73.3% increase YoY and 26.3% QoQ [1] - Non-GAAP net income attributable to shareholders surged to US$57.0 million, up 28.2% QoQ and 2.8 times YoY [1] - Funded accounts increased by 31,500, totaling 1.22 million, representing an 18.5% YoY growth [1] Financial Performance - Total client assets reached US$61.0 billion, a 17.3% increase QoQ and 49.7% YoY [1] - Q3 trading volume rose to US$209.4 billion, up 28.5% YoY [1] - Commission revenue was US$72.9 million, up 76.9% YoY, while interest-related income rose to US$76 million, a 49.7% increase YoY [7] Client Acquisition and Market Expansion - The company met its full-year target of adding 150,000 newly funded clients [2] - Average net asset inflows per newly funded client in Singapore and Hong Kong were US$62,000 and US$30,000, respectively [2] - New account openings in Hong Kong increased by 60.3% QoQ, with total trading volume more than tripling YoY [4] Product and Service Enhancements - The company launched its first Japan market derivatives product, Nikkei futures, in Hong Kong [4] - In New Zealand, cryptocurrency trading was introduced, allowing users to trade major cryptocurrencies [6] - The TigerAI investment research assistant saw rapid adoption, with its user base growing nearly fivefold YoY [7] Investment Banking and Wealth Management - Investment banking revenue reached US$26.3 million, up 110% QoQ and 189.1% YoY, with significant participation in IPOs [11] - Wealth management assets under custody (AUC) soared 123.1% YoY, with "Tiger Vault" AUC in Hong Kong surging 339% YoY [9] - The number of wealth clients increased by 50.5%, reflecting strong growth in the high-net-worth segment [9]

X Financial Digital Lending Marketplace Disclaimer | | Certain statements in this presentation, and other statements that the Company may m | | --- | --- | | | forward-lookingstatements within the meaning of Section 27A of the Securities Act and | | | 21E of the Securities Exchange Act of 1934, as amended. These statements reflect the | | | intent, beliefs or current expectations about the future. These statements can be recogn | | s or | use of words such as "expects," "plans," "will," "estimates," "projec ...

Financial Data and Key Metrics Changes - Total revenue grew to over $178 million, up 7.5% year-over-year [28] - Non-GAAP operating margin was 21.4% and free cash flow margin was 32% [5][31] - Annual recurring revenue (ARR) was $685 million, up 7.3% [28] - Non-GAAP net income attributable to BlackLine was $38 million, representing a 21% non-GAAP net income margin [31] Business Line Data and Key Metrics Changes - Subscription revenue grew 7%, while services revenue grew 13% due to accelerated project delivery [28] - New customer bookings increased by 45%, with the average new deal size more than doubling by 111% [6] - Strategic products accounted for 36% of sales this quarter, up from 32% last year [30] Market Data and Key Metrics Changes - Customer count reached 4,424, reflecting a strategic resegmentation of the market [29] - Revenue renewal rate in Q3 was 93%, up from the prior year and quarter [29] - Net retention rate for the quarter was 103%, including a headwind from foreign exchange [29] Company Strategy and Development Direction - The company has re-architected its leadership team, go-to-market engine, and technology structures to drive revenue growth and margin expansion [5] - Focus on winning larger, more strategic platform deals against major competitors [6] - The transition to platform pricing is designed to decouple growth from seat count and align revenue with the value delivered [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering sustained, profitable growth, supported by a strong pipeline and operational improvements [27][33] - The macro environment is currently stable, with no significant impacts from tariffs observed [63] - The company expects gross bookings growth of approximately 20% next year, driven by larger enterprise deals [42] Other Important Information - The company has approximately $804 million in cash and cash equivalents, with $895 million in debt [31] - A record quarter for cash flow was reported, with operating cash flow at $64 million and free cash flow at $57 million [31] - The company returned approximately $113 million to shareholders through share repurchases [32] Q&A Session Summary Question: Impact of large customers pausing user ads - Management acknowledged that some deals slipped into Q4, costing a couple of million dollars in late deals at the end of Q3, but noted an increase in interest in AI offerings [36][37] Question: Automation and customer seat versus platform - Management confirmed that they are experiencing success-based attrition, where customers achieve efficiency with fewer licenses, which is a positive trade-off for long-term growth [40][45] Question: Factors driving booking strength into next year - Key drivers include changing conversations to higher organizational levels, deepened partner relationships, and product-led growth [52][55] Question: Competitive takeaways - Management noted an uptick in competitive wins, attributing this to the company's proven track record and improved implementation quality [56][57] Question: SAP relationship and pipeline opportunities - The health of the SAP relationship is solid, with ongoing joint proof of concept work and dedicated customer success teams to reduce attrition [60][61] Question: Macro environment characterization for 2026 - The macro environment is stable, with potential tailwinds from corporate job layoffs creating opportunities for efficiency discussions with customers [63]

Core Insights - Private equity firms are increasing investments but are more selective, focusing on resilient sectors like technology, health care, and energy [1] - CFOs of portfolio companies are under pressure to be "exit-ready" and to implement AI-enabled finance capabilities [1] Group 1: Exit Readiness - Exit readiness involves being strategically prepared for a sale or public offering, emphasizing strong performance and operational improvements [2] - 97% of sponsors expect CFOs to maintain an "always exit-ready" posture, but only 20% of CFOs report doing so [3] - Most CFOs only shift to exit mode when a sale opportunity arises, which can negatively impact valuation by one to three turns of the exit multiple [3] Group 2: Definition of Exit Readiness - Sponsors define exit readiness as a holistic approach, including active value-creation levers and credible equity stories, while CFOs focus on tactical tasks [4] - Only 32% of CFOs include value creation in their definition of exit readiness [4] Group 3: Preparation Timeline - Over 80% of sponsors prefer exit preparation to start 12–24 months before a sale, but half of CFOs begin only three to six months prior [5] - Compressed preparation is linked to lower deal multiples, with 39% of sponsors citing rushed exits as a reason for post-sale adjustments [5] Group 4: Importance of AI - 85% of buyers now consider AI-enabled finance when valuing companies, with CFOs who integrate AI in financial processes being twice as likely to achieve smoother exits and higher valuations [6] - The rising importance of AI in finance is a significant trend impacting exit readiness and valuation [6] Group 5: Challenges Faced by CFOs - CFOs face challenges such as bandwidth constraints, fragmented systems, and unclear sponsor expectations, which directly affect valuation [7]

Core Insights - Bakkt Holdings, Inc. has appointed Lyn Alden to its Board of Directors, enhancing its governance and strategic expertise as part of its ongoing transformation [1][2][3] - Lyn Alden is recognized for her macroeconomic insights and has a strong background in engineering and investment research, which will support Bakkt's focus on redefining financial systems [2][3][4] - Bakkt aims to build a resilient financial infrastructure that integrates digital assets, including Bitcoin and stablecoins, positioning itself at the forefront of a generational shift in finance [5][4] Company Overview - Bakkt was founded in 2018 and is focused on creating next-generation financial infrastructure that facilitates institutional participation in the digital asset economy [5] - The company provides solutions that encompass Bitcoin, tokenization, stablecoin payments, and AI-driven finance, emphasizing security and regulatory compliance [5] - Bakkt is headquartered in New York and is committed to transforming how money moves and how markets operate [5]

Core Insights - Moomoo's second Global Paper Trading Competition has garnered over 150,000 participants within two days of its launch, indicating strong global interest in the event [1][2] Competition Overview - The competition, powered by Nasdaq TotalView®, allows participants to trade with virtual money and compete for a total of $200,000 in cash rewards [2] - Participants can engage in paper trading of U.S. stocks, ETFs, and options using a virtual fund of $100,000 over a six-week period [5] - The competition includes pre-market, intraday, and post-market trading hours, enhancing the trading experience [5] Features and Tools - Moomoo has integrated its AI assistant, Moomoo AI, into the competition to provide participants with market insights and support [5] - Participants will earn Moomoo Tokens by completing tasks, which can be redeemed for cash prizes at the end of the competition [6] Rewards and Recognition - The top three global participants will receive cash rewards of $10,000, $3,000, and $1,000 respectively [7] - Regional champions will be recognized across various markets, including the U.S., Canada, Australia, and others [8] - Outstanding participants may also be featured in a final celebration video on the Nasdaq Tower [9] Educational Aspects - The competition aims to enhance financial literacy and trading skills among participants, with 18% of last year's participants having over 10 years of trading experience [10] - Moomoo has added options trading and more educational tools to support users in improving their trading abilities [11] Company Background - Moomoo is a global investment and trading platform that provides user-friendly tools and insights to empower investors [12] - The company has expanded its presence to multiple markets and is trusted by over 27 million investors worldwide [13]

Core Insights - ChatGPT provides valuable insights into retirement spending, particularly for upper-middle-class retirees, by compiling data from various sources [1][2] Group 1: Average Spending Data - The average retiree household in the U.S. spends approximately $5,000 monthly, which includes essential expenses like housing, food, and healthcare [3] - For strict middle-class retirees, the average monthly spending is around $4,200, leading to an estimated range of $5,000 to $6,000 for upper-middle-class retirees at age 80 [4] Group 2: Spending Trends with Age - Spending typically declines with age, especially in areas like travel and discretionary expenses, as older retirees may prefer to stay home [5] - Anticipating a decrease in spending is crucial for retirement planning, as monthly expenses may drop from $6,000 to $5,000 or less by age 80 [6] Group 3: Individual Financial Situations - While the data is accurate, it may not apply universally, as each retiree's financial situation and goals can vary significantly [7]