Authentic Brands shelves IPO, to sell stake that values company at $12.7 billion

Authentic Brands Group CEO Jimmy Salter. Source: Authentic Brands Group Authentic Brands Group Retail will suspend a planned initial public offering and instead sell significant stakes in its business to private equity firm CVC Capital, hedge fund HBS Investment Partners and a group of existing stakeholders. The deal, announced Monday, gives the company a project … Read more

What Cramer is watching in the market Monday, including a big tech trend emerging

Jin-Hsun Huang, President and CEO of Nvidia Corp. , during the company event at the Mobile World Congress Americas in Los Angeles on October 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images (This article was first sent to members of the CNBC Investing Club with Jim Cramer. For real-time updates in your inbox, … Read more

Here are Monday's biggest analyst calls of the day: Microsoft, Disney, Teladoc and more

Wells Fargo, Goldman Sachs and Morgan Stanley are among the Wall Street firms releasing new research ahead of the first trading day of the week. .

Activision Blizzard, Astra Space, Bluebird Bio and more

Take a look at some of the biggest drivers of Primarkt: Astra Space (ASTR) — Astra is up 38.4% in pre-market trading, after Astra sent a rocket into orbit for the first time over the weekend. The rocket carried a payload from the US Space Force. Activision Blizzard (ATVI) Activision CEO Bobby Kotick may consider … Read more

Authentic Brands shelves IPO, to sell $12.7 billion stake to investors

Jamie Salter, Chairman and CEO of Authentic Brands Group LLC. Norm Bates | Bloomberg | Getty Images Retail conglomerate Authentic Brands Group is planning to comment on a planned initial public offering and instead sell significant stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a group of … Read more

(BIRD) to start trading on the Nasdaq

A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, DC, on Tuesday, February 16, 2021. Drago | Bloomberg | Getty Images Shoemaker Allbirds hopes to attract investors who prefer companies focused on sustainability as it launches its initial public offering. The company, known for its wool sneakers and loafers, is expected … Read more

(RENT) starts trading on Nasdaq

Rent the Runway shares began trading Wednesday at $23 a share, or 9% above their initial public offering price of $21. That gave the fashion rental platform a fully diluted valuation of about $1.7 billion. The stock has continued to climb on its first market debut, having recently risen more than 11%. On Tuesday, Rent … Read more