Snap S-1: We are a camera company
WeWork S-1: We are a community company
Peloton S-1: We are a technology, media, software, product, experience, fitness, design, retail, apparel, logistics company
The enormity of the news makes it feel like several decades have passed since I was last
@CNBC
.
As of today, though, I'm back from maternity leave.
I have been awed by my colleagues and peers, covering the multi-faceted crises. I'm looking forward to reporting again.
$26 was Slack’s reference price, meaning shares weren’t sold at $26, therefore no one made a quick 49% return in one day. The shares opened at $38.50, rose as high as $42 and ended the day at $38.62. So unless you were a private investor, you made no more than 9% today
About 50 years ago (in November 1972), the Dow made news for closing above 1,000 for the first time ever.
It just surged 1,000 points in one trading day.
Oh the power of half a century in the financial markets
I have four pints of ice cream in my fridge. I just eat them directly from the container, one by one, each night before I go to sleep.
Who says buffets are a thing of the past?
Credit Suisse has not yet made a decision with regard to calling an acceleration of the $XIV, according to a person with direct knowledge of the matter. Credit Suisse is completely hedged against its exposure, the person said.
Lyft sets terms for its IPO roadshow:
- $62 - $68 per share
- About $2 billion IPO at the midpoint
- $18.5 billion valuation at the midpoint (pre-money, non-diluted)
Wishing my amazing friend and colleague
@CourtReagan
all the best this weekend as she runs the Chicago Marathon! Court and her husband have raised thousands of dollars for the American Cancer Society, all while balancing training, work, and life obligations. Go Court, go! 💪🏻
We spent several months investigating why an outdated card technology underpinned a large swath of the government-benefits programs across the country, making it easier for criminals to steal unemployment insurance.
w/
@RitikaTShah
,
@jennyanne211
Stocks priced at less than $1 in the Russell 2000 (29 stocks) are up 79% on average over the last five trading days, excluding today, outperforming the overall index by 70% -via a note to institutional investors from the institutional equity derivatives team at Citadel Securities
It's quite rare for an IPO to double on the first day of trading. Only 22 companies have done so since 2001, according to data by the University of Florida.
But interestingly, many of them are food-related (Chipotle, Noodles & Co., Sprouts, Shake Shack, Potbelly, etc.) $BYND
Paul Tudor Jones:
@realDonaldTrump
has ‘’convinced the Fed that running negative real rates, with a 50-year low in unemployment is reasonable monetary policy with no consequences. Clearly the low-interest rate policy we’re pursuing is creating excess.’’
Datadog closed at exactly $35.91 today. The wording in the S-1 indicates that Datadog must close at least 33% higher than its $27/SH IPO price, which means it must be at least $35.91.
Someone let the dogs out...the stock is already down almost 2% in after-hours trading
Keep an eye on shares of Datadog, which has a unique lockup provision. If the shares close above $35.91 TODAY that will allow the company to release about 20% or 43.8 million of the locked up shares early (on Monday).
$DDOG shares closed yesterday just 0.1% below that target
Chapter 11 bankruptcies up 26% in the first half of the year and experts say that's just the tip of the iceberg because the full effects of the shutdown have yet to play out.
Story with
@RitikaTShah
on
@SquawkCNBC
this morning:
The Russell 2000 is up 24% since Christmas Eve, the third-best start to the year. Only 1987 and 1991 were better with multiples of 14.4x and 11.5x, respectively. Today, the multiple is 19.8x, causing analysts at Jefferies to say it’s time for small caps to take a ‘breather’
“Finance is, like, done. Everybody’s bought everybody else with low-cost debt. Everybody’s maximised their margin. They’ve bought all their shares back . . . There’s nothing there. Every industry has about three players. Elizabeth Warren is right.”
I leave my apartment at 3:30am (so there’s no one else up or around), get in the elevator and as the door is closing, it opens, as if someone has stuck their arm or leg in it. And that’s when I realize...it’s a fly. A very powerful fly.
The combined market value of Blackstone, KKR, Carlyle, Apollo and Ares has tripled from $80 billion in March 2020 to $252 billion this year, per
@RobinWigg
via the
@FT
$BX $KKR $APO $CG $ARES
Special Purpose Acquisition Companies, or SPACs, have raised $6.8 billion year-to-date, the largest volume over comparable time periods in 15 years. The greatest number of SPACs -- 28 -- have been listed YTD since 2007 when 35 SPACs were listed.
h/t
@Dealogic
CNBC’s
@LesliePicker
is set to be the Mistress of Ceremonies for
@wbcny
's Merit Award Dinner. Pickler is a true leader in the finance industry and it is sure to be a fantastic event! For more information about the event email us at wbc
@sequence
-events.com
#WBCMAD2019
Paul Tudor Jones to
@andrewrsorkin
: I think you’ll see rates and stocks go up in tandem at the end of the year; analogous time periods include ‘87 in the U.S., ‘99 in the U.S., ‘89 in Japan.
‘I can see things getting crazy to the upside’ (after Midterm elections)
@SquawkCNBC
Chamber of Commerce just published a report in response to
@ewarren
's private-equity reform bill saying it could cause:
- Up to 26 mln job losses
- Up to $475 bln annually in lost tax revenue
- Up to $3.4 bln in lost investor capital
- End of PE industry
Ethan Brown, CEO of
@BeyondMeat
, avoided flying private, when he could during the roadshow, to limit his carbon footprint in selling the IPO to investors $BYND