Text size

A still from movie “Soul”


Courtesy Disney

A day after activist investor Dan Loeb called on

Walt Disney

to debut more of its movies on Disney+, the company said it would move the coming Pixar film Soulto an exclusive release on the streaming service.

Originally planned for a summer theatrical debut, Disney first delayed the release to November. Now, Soul will be available to stream on Disney+ starting on Christmas Day.

Last month, Disney (ticker: DIS) released the similarly delayed remake of Mulan as a video-on-demand purchase for Disney+ subscribers, for an extra fee of $29.99 in the U.S. Soul won’t require an additional purchase, but instead be included with a Disney+ subscription.

Disney similarly premiered Artemis Fowl and Hamilton on the streaming service, rather than holding the films until the coronavirus pandemic passes and theaters reopen. Like with Mulan, Soul will still get a theatrical

Read More

Palantir Technology, a data analytics company known for secrecy and ties to the U.S. intelligence community, ended its first day of public trading on the New York Stock Exchange on Wednesday.



Peter Thiel wearing a suit and tie: Palantir co-founder Peter Thiel is pictured while speaking in support of then-candidate Donald Trump at the National Press Club in Washington, D.C. on October 31, 2016.


© Alex Wong/Getty
Palantir co-founder Peter Thiel is pictured while speaking in support of then-candidate Donald Trump at the National Press Club in Washington, D.C. on October 31, 2016.

Shares of Palantir closed at $9.50 after opening at $10, reaching a valuation of around $21 billion. The company filed for the initial public offering (IPO) last month. The public debut was “mired by technical issues,” according to The Wall Street Journal.

Loading...

Load Error

Government contracts are believed to be a major source of revenue for the company co-founded in 2003 by Peter Thiel, the tech billionaire also known as the co-founder of PayPal and an early investor in Facebook who still sits in its board of directors. It

Read More
/quality/85/?url=http://media.beam.usnews.com/1e/0894bfbdfead58ea67e0d5c54f9063/tag:reuters.com,2020:newsml_LYNXMPEG8R0OW:12020-09-28T084816Z_1_LYNXMPEG8R0OW_RTROPTP_3_SIEMENS-ENERGY-SPINOFF.JPG">

By Christoph Steitz and Alexander Hübner

FRANKFURT/MUNICH (Reuters) – Shares in Siemens Energy

opened lower than expected on their first day of trading on the Frankfurt stock exchange, as Germany’s biggest-ever spin-off gears up for a challenging future independent from parent Siemens

.

Shares in Siemens Energy – which makes gas turbines, power transmission systems and holds a 67% stake in Siemens Gamesa

– opened at 22.01 euros apiece on Monday, giving the company a market value of 16 billion euros ($18.6 billion).

A source had previously said estimates were for a market valuation of between 21-22 billion euros.

Shares eventually closed at 21.21 euros, down 3.6% from the first price, after trading in a range of 19.21-22.98 euros during the session. This puts Siemens Energy’s market capitalisation at 15.4 billion euros.

“I have repeatedly pointed out that we expect volatility to be high in the first few weeks,” Siemens

Read More

(Bloomberg) — Siemens Energy AG shares recovered after dipping as much as 13% on debut in Frankfurt, though the market value of the company whose technology is behind roughly one-sixth of the world’s electricity remained below expectations.

Loading...

Load Error

The shares were little changed at 11:45 a.m. in Frankfurt, hovering around the opening price of 22.01 euros. That represents a market capitalization of about 16 billion euros ($18.6 billion), compared with the 17 billion-euro net book value parent Siemens AG flagged ahead of the spinoff.

Monday’s listing is the latest step in the unwinding of Siemens — a German conglomerate making a vast array of goods that spans medical scanners, locomotives and gas turbines — into separate companies better suited to confront their own unique challenges.

The sale is taking place at a time of transition toward greener energy sources, which could hit Siemens Energy’s dominant coal and gas-turbine business

Read More

Adds details, context

FRANKFURT, Sept 28 (Reuters)Shares in Siemens Energy ENR1n.DEopened lower than expected on their first day of trading on Frankfurt’s stock exchange, as the business gears up for a standalone future independent from parent Siemens SIEGn.DE.

Shares in the division opened at 22.01 euros ($25.59) apiece on Monday, giving the company a market value of 16 billion euros. A source had previously said estimates were for a market valuation of between 21-22 billion euros.

By 0728 GMT shares were trading lower at 20.72 euros.

The division, which makes gas turbines and power transmission systems and owns a 67% stake in the world’s second-largest wind turbine maker Siemens Gamesa SGREN.MC, was spun off from Siemens due to weak profit margins.

Siemens Energy is expecting an adjusted margin of up to 1% in 2020 on earnings before interest, tax and amortisation before special

Read More

Text size


Bankerwin/Dreamstime.com

Bentley Systems, which provides infrastructure software, raised $236.5 million with its initial public offering.

Late Tuesday, Bentley sold 10,750,000 shares at $22 each, above its $19 to $21 price range. The company originally set its range at $17 to $19 and increased it yesterday. This usually indicates increased demand for the stock.

Bentley is expected to trade later Wednesday on the Nasdaq market under the ticker BSY.

Underwriters on the deal include Goldman Sachs and Bank of America Securities.

Bentley won’t be the only company going public on Wednesday. GoodRx and Corsair Gaming are also scheduled to make their trading debuts.

Keith and Barry Bentley, who are brothers, co-founded the company that bears their name in 1984. Another brother, Greg, joined the company in 1991. Greg is chairman, CEO, and president of Bentley, while Keith is chief technology officer and a director. Barry is a director, the

Read More

The MarketWatch News Department was not involved in the creation of this content.


SAN DIEGO, Sept. 23, 2020 /PRNewswire via COMTEX/ —
SAN DIEGO, Sept. 23, 2020 /PRNewswire/ — Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the pricing of a public offering of £400 million of 1.625% senior unsecured notes due December 15, 2030. The public offering price for the notes was 99.191% of the principal amount for an effective annual yield to maturity of 1.712%.

The notes represent Realty Income’s debut public issuance of unsecured notes denominated in British Pound Sterling (GBP). The net proceeds from this offering will be used to repay GBP-denominated borrowings outstanding under the company’s $3.0 billion revolving credit facility, to settle an outstanding GBP/USD foreign exchange swap arrangement, and, to the extent not used for those purposes, to fund potential investment opportunities and for other general

Read More

Shares of Unity Software  (U) – Get Report, a developer of a widely used game development engine, soared Friday in their first day of trading on the New York Stock Exchange.

The stock at last check traded at $69.51, up 33.67% from its initial public offering price of $52. Shares opened Friday at $75.

The IPO raised $1.3 billion after the 25 million offered shares were priced at the top of the expected range. The IPO values Unity at $13.7 billion.

The company, which is well known in the gaming industry but less known in the investment world, more recently has been expanding its efforts beyond gaming platforms, focusing on interactive 3D media.

“As of June 30, we had approximately 1.5 million monthly active creators in over 190 countries and territories worldwide,” the company said in its prospectus. “The applications developed by these creators were downloaded over

Read More

Peloton Interactive Inc.  (PTON) – Get Report shares surged higher Friday after the connected fitness group posted its first ever quarterly profit as sales of its eponymous exercise bike surged in the wake of the global coronavirus pandemic.

Peloton said total revenues for the three months ending in June, the group’s fiscal fourth quarter, rose 172% from last year to $607.1 million, paced by a tripling of fitness equipment sales, which totaled $485.9 million. The group’s bottom line of $89.1 million, or 27 cents per share, also topped Street forecasts and was its first-ever profitable quarter since going public in October of last year.

Looking into its 2021 fiscal year, Peloton said the launch of new fitness products, such as the Bike+ and the Tread+, will help lift overall sales to a range of between $3.5 billion and $3.65 billion, well ahead of the Refinitiv forecast of $2.7

Read More