GoPro's shares jump 26% in debut
Fin24 - Jun 27th 2014, 15:05
New York - Shares of GoPr, which makes cameras used by surfers, skydivers and other action junkies to record and post their exploits online, rose as much as 26% in their market debut.
GoPro's shares rose to a high of $30.19 in early Nasdaq trading, valuing the company that popularized action cameras for consumers at up to $3.7bn.
The San Mateo, California-based company's IPO raised $427.2m, after its offering of 17.8 million class A shares was priced at $24, the high end of the expected price range.
GoPro sold 8.9 million shares, while the rest were offered by selling stockholders, including founder Nick Woodman and investors Riverwood Capital LP, Hon Hai Precision Industry Co Ltd and Sageview Capital Master LP.
JP Morgan, Citigroup and Barclays were lead underwriters for the IPO. From Fin24.com
New York City boosts cigarette prices to $13 per pack
30/08/2017 - 09:19
New York boosted the minimum price of a pack of cigarettes by 24 percent to $13 (€10.80) and placed a cap on the number of tobacco sellers, part of the city’s biggest crackdown on smoking in more than a decade.
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G-III to Acquire Donna Karan International
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NEW YORK & PARIS–(BUSINESS WIRE)–G-III Apparel Group, Ltd. (NASDAQ:GIII), a leading designer, manufacturer and marketer of branded apparel and accessories, and LVMH Moët Hennessy Louis Vuitton (LVMH.PA), the world’s leading high quality products group, today announced that they have entered into a definitive agreement under which G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million, subject to customary adjustments at closing. The transaction is expected to close in late 2016 or early 2017.
Hershey going bigger in Times Square
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The Hershey Company is moving its popular store in Manhattan’s Times Square to a much larger location.
US retail giants feel pain as online shopping hits - USA
16/05/2016 - 14:39
New York - Iconic American stores Macy's and Gap are facing tough questions about their future following dreary earnings announcements this week that highlighted the growing market share taken by online retailers.