Jersey Mike’s Targets Nearly $8 Billion Valuation in U.S. IPO
Sandwich chain Jersey Mike’s Subs is aiming for a valuation of up to $7.94 billion in its U.S. initial public offering (IPO), testing investor demand for restaurant stocks amid a recovering market for new...
Williams Secures $5.3 Billion Investment from Blackstone-Led Consortium
U.S. pipeline operator Williams has secured a $5.34 billion investment from a consortium led by Blackstone, which will acquire a 49% noncontrolling stake in five of the company’s behind-the-meter power generation projects. The investment...
Standard Nuclear Targets $3.55 Billion Valuation in U.S. IPO
Nuclear fuel company Standard Nuclear is seeking a valuation of up to $3.55 billion through its upcoming initial public offering (IPO) in the United States. The company plans to raise as much as $383.25...
U.S. Inflation Expected to Hit Three-Year High in May
The annual rate of U.S. consumer inflation is expected to accelerate to 4.2% in May, marking its highest level in three years, according to economists surveyed by Reuters. Rising energy prices, driven by tensions...
CFTC to Introduce New Rules for Oversight of Prediction Markets
The U.S. Commodity Futures Trading Commission (CFTC) is preparing to propose new regulations aimed at governing the rapidly expanding prediction market industry, according to a report by The Wall Street Journal. Prediction markets allow...