Next Tuesday, September 21st at 11am, Plurilock Security CEO Ian Paterson will expand on his conversation with Michael Campbell on this week’s MoneyTalks show with a presentation showing investors how and why they should consider participating in the booming sector of CyberSecurity.
A must see for anyone considering adding FinTech or Crypto exposure to their portfolio. Ian will also update investors on Plurilock’s huge revenue surge and successful expansion into the US. CLICK HERE to register – access is limited so sign up early.
PayPal is exploring a possible stock-trading platform.
After rolling out the ability to trade cryptocurrencies last year, the payments giant has been exploring ways to let users trade individual stocks, according to two sources familiar with the plans.
The San Jose, California-based company recently hired brokerage industry veteran Rich Hagen as part of the move, according to one of the sources. After leaving Ally Invest, Hagen is now the CEO of a previously unreported division of PayPal called Invest at PayPal, according to his LinkedIn page. Hagen was the co-founder of online brokerage TradeKing, which was bought by Ally Invest…read more.
Support.com is a relatively unknown software company, considering how high it must rank in Google search results. But it’s under-the-radar no more: Amateur traders are gassing it up like friends at a bridal fitting.
Shares of Support.com skyrocketed as much as 203% on Friday, before closing the day up 34%.
Why Support.com? For the same reasons that traders doubled down on AMC and GameStop this winter: to profit off of professional investors’ short bets.
Last month, Wall Street shorted Support.com’s stock, betting on the company’s stock to go down. Amateur investors bet against their bets, attempting a “short squeeze” that can accelerate a stock’s surge like throwing Mentos into Diet Coke…read more.
Virgin Orbit is set to go public via a merger with a special purpose acquisitions company (SPAC), the company has confirmed. The deal values the combined enterprise at $3.2 billion, and will provide Virgin Orbit with $483 million in cash at close, including a $100 million PIPE. The combined company will trade under the ticker VORB on the Nasdaq if and when the transaction concludes.
In June, CNBC reported that such a deal was in the works, and it’s been a popular exit option for private space startups in recent months. Rocket Lab’s SPAC merger was just approved, for instance, and it’ll begin trading on Wednesday, and Richard Branson’s other space company, Virgin Galactic, was the first big SPAC deal that ushered in the craze...read more.
For the past two quarters, Canada’s big banks have crushed earnings expectations and their shares have enjoyed sharp post-earnings rallies. They also began releasing large sums of money previously set aside for loans that could potentially go bad – all of which flowed directly to the bottom line.
The rapid spread of the COVID-19 Delta variant, however, may slow down that trend when the banks report fiscal third-quarter results next week.
“When we exited Canadian bank earnings season in early June,” wrote Bank of Nova Scotia banking analyst Meny Grauman in a recent report, “we thought that by the time Q3 reporting rolled around, COVID would be a fading memory.”…read more.
Companies Going Public in 2021: Visualizing Valuations
The beginning of the year has been a productive one for global markets, and companies going public in 2021 have benefited.
From much-hyped tech initial public offerings (IPOs) to food and healthcare services, many companies with already large followings have gone public this year. Some were supposed to go public in 2020 but got delayed due to the pandemic, and others saw the opportunity to take advantage of a strong current market.
This graphic measures 47 companies that have gone public just past the first half of 2021 (from January to July)— including IPOs, SPACs, and Direct Listings—as well as their subsequent valuations after listing.
Who’s Gone Public in 2021 So Far?
Historically, companies that wanted to go public employed one main method above others: the initial public offering (IPO).
But companies going public today readily choose from one of three different options, depending on market situations, associated costs, and shareholder preference:…click to read more and to see full infographic.