Setup News Ticker
Searching for 'Stocks Hold'. (Return)

MarketWatch MarketPulseJan 25, 2021
Telus International sets IPO terms, to be valued at up to $5.6 billion
Telus International Inc. has set terms for its initial public offering, in which the Canada-based telecommunications company looks to raise up to about $548.2 million. The company is offering 21.93 million shares in the IPO, while selling shareholders are offering 11.40 million shares, for a total of 33.33 million shares offered. The IPO is expected to price between $23 and $25 a share. With 223.73 million shares outstanding after the IPO, the pricing values the company at up to $5.59 billion. The company has applied for its shares to list on the New York Stock Exchange and the Toronto Stock Exchange, under the ticker symbol "TIXT." J.P. Morgan and Morgan Stanley are the lead bookrunners of the IPO. For the nine months ended Sept. 30, the company reported net income of $81.9 million on revenue of $1.14 billion, after net income of $41.7 million on revenue of $747.1 million in the year-ago period. The company is looking to go public at a time that the Renaissance IPO ETF has rallied 30.0% over the past three months while the S&P 500 has gained 10.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

MarketWatch MarketPulseJan 25, 2021
AMC shares soar 36% premarket on news of new $917 million debt and equity financing
AMC Entertainment Holdings Inc. shares soared 36% in premarket trade Monday, after the biggest cinema-chain operator in the world said it has raised $917 million in debt and equity to help it get through a coronavirus-impacted winter. AMC said it has raised $506 million of equity by issuing 164.7 million new shares. That is combined with a previously announced $100 million of additional first-lien debt and the concurrent issuance of 22 million new common shares to convert $100 million of second-lien debt into equity. The company has commitment letters for $11 million of incremental debt capital in place through mid-2023, unless repaid before then, through the upsizing and refinancing of a European revolving credit facility. The company may pay non-cash PIK (payment in kind) interest through the duration of the European debt. "Based on a variety of assumptions, including future attendance levels, the company estimates that its financial runway has been extended deep into 2021," AMC said in a statement. "AMC also is presuming that it will continue to make progress in its ongoing dialogue with theatre landlords about the amounts and timing of owed theatre lease payments." Chief Executive Adam Aron said the new financing means any talk of imminent bankruptcy "is completely off the table." AMC has repeatedly raised capital through the pandemic to bolster its liquidity and stay afloat. Shares have fallen 48% in the last 12 months, while the S&P 500 has gained 16.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

MarketWatch MarketPulseJan 25, 2021
White House details the Buy American executive order Biden's due to sign
The White House on Monday announced the details of the new Buy American order that President Joe Biden will sign. The order will direct an increase in both the threshold and price preferences for domestic goods before the government can buy from a non-U.S. supplier. It also will create a director of Made-in-America at the Office of Management and Budget as well as increase oversight of waivers to domestic preference laws.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

StockBuy Market Futures How Week
Bidentravel American reinstate ban Covid
CovidCOVID-19 Vaccine positive Biden Merck
COVID-19vaccine Positive Merck toll President
VaccineCOVID-19 Covid Merck Moderna how
BusinessHow Capital Insider Oil pandemic
Earningsweek Futures Apple Ahead Tesla
ChinaBillion IPO Evergrande Biden Love
capitalbusiness Shares Evergrande EV surge
StocksBuy these Goldman Sachs warns

Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money Real Estate News Analysis Indicators
Enterprise Application News
Forbes Headlines
Forbes Social Media News - China, Economy & Trade - Financial Markets - Hedge Funds - Telecoms - US
Google Business News
Google Market News
HBS Working Knowledge
INSEAD Knowledge
International Tax Review
L.S. Starrett News
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money Updates: News Digest
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2021 CEOExpress Company LLC