initial public offerings (IPOs) trading on American exchanges
Showing posts with label name changes. Show all posts
Showing posts with label name changes. Show all posts

Wednesday, June 5, 2024

GeneDx (WGS) : 3-year performance

GeneDx began trading under WGS on January 10, 2023. The Company previously traded under SMFR, reflective of the company's former name, Sema4 which went public via merger with CM Life Sciences (CMLF), a special purpose acquisition company (SPAC), on July 23, 2021, at a valuation of around $3 billion.
  • Sector: Healthcare
  • Industry: Diagnostics & Research
  • Full Time Employees: 1,000
  • Founded by Eric Schadt in October 2015
  • Headquartered in Stamford, Connecticut
  • https://www.genedx.com/
Clinical data and genomics company 
Sema4 was spun out of Mount Sinai Health System in 2017 The Sema4 platform uses machine learning and other artificial intelligence tools to analyze a database of more than 10 million patient genomic profiles and clinical records, with the goal of improving physicians’ ability to diagnose, manage and ultimately prevent disease. 



Monday, September 14, 2020

Golden Bull Limited (DNJR) changes its name to Bit Digital (BTBT)

  • According to its 2019 earnings statement released on March 24, 2020, the China-based company shut down its peer-to-peer lending business and has started operations in the auto rental business and bitcoin mining.
  • BEIJING, Sept. 14, 2020 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq:BTBT) , an emerging bitcoin mining company headquartered in New York, U.S. today announced that the Company's name officially changed from Golden Bull Limited to "Bit Digital, Inc." effective on September 14, 2020. 
  • https://bit-digital.com/


Friday, July 10, 2020

China Rapid Finance (NYSE: XRF) changes ticker symbol to SOS

 SHANGHAI, July 10, 2020 /PRNewswire/ -- China Rapid Finance Limited (NYSE: XRF) (the "Company") today announced that the Company's ticker symbol on the New York Stock Exchange will change from "XRF" to "SOS," effective at the start of trading on July 20, 2020.

Mr. Yandai Wang, CEO of the Company, said, "We are excited to be able to align our NYSE ticker symbol with the 'SOS' brand in recognition of our ongoing transition out of the fin-tech business and into the emergency rescue services business. This change will provide for better alignment between the core business operations of the company and its stock symbol which we believe will lead to better investor understanding. It also makes it clearer what the business focus and its primary source of earnings will be going forward."

About China Rapid Finance Limited

China Rapid Finance Limited (NYSE: XRF) is a holding company operating primarily in the emergency rescue services business. The Company provides a wide range of emergency rescue services to its corporate and individual members in China through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS"). SOS also provides various types of membership cards to individual members in large corporations as part of employee benefits. Its products include SOS Medical Rescue Card, SOS Auto Rescue Card, SOS Financial Rescue Card, and SOS Life Rescue Card. SOS utilizes cloud and other cutting-edge technologies to provide emergency rescue services in a new fashion, including its app based mobile platform, cloud call centers and large data centers. SOS has contractual service agreements with major banks, insurance companies, internet companies, and telecom providers in China.  

Friday, August 2, 2019

Owl Rock Capital Corporation (ORCC) began trading on the NYSE on Thur 18 July 19

  • NEW YORK, July 6, 2023 /PRNewswire/ -- Effective today, Owl Rock Capital Corporation is renamed to Blue Owl Capital Corporation and, beginning with today's trading session, its ticker symbol on the New York Stock Exchange will be "OBDC". 
  • Blue Owl Capital Corporation is managed by an investment adviser that is an indirect affiliate of Blue Owl Capital Inc. (NYSE: OWL). Effective today, the Company's investment adviser is renamed as "Blue Owl Credit Advisors LLC".
Owl Rock Capital Corp. priced its initial public offering of 10 million shares of common stock at $15.30 per share for the specialty finance company focused on lending to U.S. middle-market companies. Shares started trading on the New York Stock Exchange on July 18, under the ticker ORCC.




Monday, December 31, 2018

Michael Kors (KORS) changes name to Capri Holdings (CPRI)

  • Michael Kors completes acquisition of Versace, changes name to Capri Holdings; will begin trading under symbol CPRI on January 2.
  • Michael Kors bought Versace for $2.1 billion in September 2018 as part of its action plan to become a luxury fashion conglomerate to rival Kering and LVMH. Under the Capri Holdings label – the name it chose to reflect its new portfolio approach – also sits Jimmy Choo, which Kors acquired in 2017 for $1.2 billion.




     "With the acquisition of Versace, we have now created one of the leading global fashion luxury groups in the world," Chief Executive John Idol said in a statement. "The new name for our group, Capri Holdings, is inspired by the fabled island which has long been recognized as an iconic, glamorous and luxury destination." The acquisition is expected to help grow the company's revenue to $8.0 billion in the long term and to boost Versace's revenue to $2 billion. The company is aiming to grow revenue at its Jimmy Choo brand to $1.0 billion and its core Michael Kors brand to $5 billion. Versace was purchased for a total enterprise value of 1.83 billion euros ($2.1 billion). The Michael Kors brand has struggled in recent quarters to meet sales estimates, leading the company to pull back from the wholesale channel to protect it from discounting.

Tuesday, March 27, 2018

Tallgrass Energy (TEGP) acquires Tallgrass Energy Partners (TEP); changes name and ticker symbol

Tallgrass Energy GP (TEGP) agrees to acquire Tallgrass Energy Partners (TEP) in a taxable stock-for-unit merger transaction in which TEP unitholders would receive two TEGP shares for each outstanding TEP common unit.

  • Quarterly distributions will be increased: The TEGP Class A share Q1 dividend is raised to $0.4875, or $1.95 annualized, and the TEP common unit Q1 distribution is raised to $0.975, or $3.90 annualized.
  • Upon closing the proposed transaction, TEGP will change its name to Tallgrass Energy LP and trade on the NYSE under the symbol TGE.

Thursday, August 10, 2017

Contura Energy (CTRA) postpones IPO

  • BRISTOL, Tenn., January 22, 2021 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. supplier of metallurgical products for the steel industry, changed its name, effective February 1, 2021, to Alpha Metallurgical Resources, Inc (NYSE: AMR). (The company has been shifting its focus away from thermal coal to the metallurgical coal side of the business.)
Contura Energy postpones IPO; was expected to price 6.0 million shares within a range of $23-$27
The company's principal selling stockholders unanimously determined that proceeding with the offering under current market conditions would undervalue the company. Accordingly, the company has withdrawn its registration statement on file with the U.S. Securities and Exchange Commission (SEC).

  • CTRA is a miner of met and steam coal with its operations comprising of six mining complexes.
  • The IPO was expected to price last night and open for trading this morning.
  • The lead underwriters on the deal were Citigroup and Jefferies.

Tuesday, November 8, 2016

Momo (MOMO) reported earnings on Tue 8 Nov 2016 (b/o)

  • The company was formerly known as Momo Inc. and changed its name to Hello Group Inc. in August 2021.

** charts after earnings **

 


 




Momo easily beats Q3 EPS and revenue consensus; guides Q4 revs above consensus :
  • Co reports Q3 $0.24 vs $0.14 Capital IQ Consensus Estimate; revs +319% YoY to $157 mln vs $131.05 mln Capital IQ Consensus Estimate.
  • Monthly Active Users were 77.4 mln in September 2016, compared to 73.0 mln in September 2015.
  • "Live broadcasting business continued to gain traction and boosted the acceleration in revenue and profit growth. At the same time we are making good progress with our strategy to drive the convergence of video and social activities on our platform."
  • Guidance: For the fourth quarter of 2016, the Company expects total net revenues to be between $185 mln and $190 mln (Capital IQ consensus $140.2 mln), representing a year-over-year increase of 369% to 381%.

Saturday, June 13, 2015

KemPharm (KMPH) began trading on the NASDAQ on 16 April 2015

 


KemPharm, Inc. is a United States-based clinical-stage specialty pharmaceutical company. The Company is engaged in the discovery and development of new molecular entity (NME) prodrugs. The Company, through its Ligand Activated Therapy (LAT) platform technology, creates NME prodrug product candidates. The Company's NME prodrug product candidates include KP201/APAP, KP511/ER and KP606/ER for the treatment of pain; KP415 for the treatment of attention deficit hyperactivity disorder (ADHD), and KP303 for the treatment of central nervous system (CNS) disorders. The Company's product's KP201/APAP is in clinical trial stage, and KP511/ER, KP415, KP606/ER and KP303 are in preclinical trail stage.

Address

2656 Crosspark Road, Suite 100
CORALVILLE, IA 52241
United States

Friday, April 10, 2015

Rubicon Project (RUBI) : 1-year performance

  • June 2020: Rubicon Project this week was rebranded to Magnite. Rubicon Project says Magnite is “the world’s largest independent sell-side platform for every channel and format.”
  • Last year, Rubicon Project and Telaria announced a merge to capture growth in Connected TV. The name change was expected for both companies, now merged.
  • Before the merger, last year, Rubicon Project was listed in 41.9% of all ads.txt files, only behind AppNexus (Xandr) with 42%, and Google 99%.



Wednesday, June 4, 2014

Celladon (CLDN) : 4-month performance

  • March 22, 2016— Celladon changed its name to Eiger BioPharmaceuticals (EIGR) (March 23, 2016)
  • Apr 2, 2024 — Eiger BioPharmaceuticals declared bankruptcy and sold all its assets as the company wound down operations.
Ticker: CLDN



Wednesday, December 18, 2013

Heat Biologics (HTBX) - 5-month performance

  • May 3, 2022: Heat Biologics changed its name to  NightHawk Biosciences (NYSE American: NHWK)  
  • Feb 6, 2024: NightHawk Biosciences, Inc.  changed its name to to Scorpius Holdings, Inc (OTCMKTS:SCPX)


Friday, June 21, 2013

Cole Real Estate Investments (COLE) began trading on the NYSE on 20 June 2013

April 2021 update: Realty Income agreed to acquire the company.

20 Oct 13 update:
  • Cole Real Estate Investments Inc was acquired by American Realty Capital Properties (ARCP) for $7.2 billion to create the largest US net-leased REIT, and the 14th-largest US publicly traded REIT.
  • American Realty said the acquisition of Phoenix-based Cole would increase the size of its portfolio to 3,732 properties which are mostly retail stores. 
  • The Cole deal will add many more properties leased by corporate tenants, such as Walgreen Co WAG.N and CVS Caremark Corp (CVS.N) pharmacies, to American Realty’s current portfolio which includes Dollar General, Citizens Bank and FedEx.
  • Both companies had been nontraded REITs, with American Realty going public before Cole.

November 9, 2017: Former American Realty Capital Properties CFO Brian Block has been sentenced to 18 months in prison for his role in an accounting fraud that overstated a key metric used to evaluate the REIT’s financial performance.  [now: VEREIT, Inc. (NYSE: VER)]
*******

Cole Real Estate Investments, Inc. visited the NYSE to celebrate the REIT’s listing on the NYSE. Common shares of Cole Real Estate Investments will be traded under the ticker symbol “COLE”.


Cole Real Estate Investments, Inc. founder Chris Cole and CEO Marc Nemer ring the opening bell at the New York Stock Exchange to celebrate their recent listing on June 21, 2013 in New York City.


Friday, December 30, 2011

Solazyme (SZYM) looks good today

  • Solazyme officially changed its name to TerraVia Holdings Inc. in March 2016 with a redefined focus on food, nutrition, and personal care. As part of the change, the company stated that its previous fuel and industrial oil products and workings would operate under Solazyme Industrials.
  • On August 2, 2017, TerraVia filed for bankruptcy protection under Chapter 11. The company announced a "stalking horse" offer from Corbion, N.V., a Netherlands food and biochemical company.  The offer values TerraVia's assets at $20 million.  By comparison, Solazyme's IPO raised over $197 million.

** weekly **

Sunday, September 18, 2011

Demand Media (DMD) looks like a buy

  • Demand Media (DMD) changed its name to Leaf Group (LEAF) in 2016.
  • In 2021, Leaf Group was purchased in an all-cash offer by Graham Holdings.



Demand Media, Inc. (Demand Media), incorporated on March 23, 2006, is focused on an Internet-based model for the professional creation of content at scale. The Company’s business is comprised of two service offerings: Content & Media and Registrar. Demand Media’s Content & Media service offering includes, Content creation studio that identifies, creates and distributes online text articles and videos, utilizing its algorithms, editorial processes and community of freelance content creators; Enterprise-class social media applications that enable Websites to offer features, such as user profiles, comments, forums, reviews, blogs and photo and video sharing, and a system of monetization tools that are designed to match targeted advertisements with content in a manner that optimizes advertising revenue and end user experience. The Company’s Registrar, with over 10 million Internet domain names under management, is a wholesale registrar. As a wholesaler, it provides domain name registration services and offer value-added services to over 7,000 active resellers, including small businesses, large e-commerce Websites, Internet service providers and Web-hosting. In March 2011, the Company acquired CoveritLive. In August 2011, the Company acquired RSS Graffiti. In August 2011, the Company acquired IndieClick.
As of June 30, 2010, Demand Media’s content studio had over 10,000 freelance content creators, who generated a daily average of over 5,700 text articles and videos. The Company generates substantially all of its revenue through the sale of advertising in its Content & Media service offering and through domain name registrations in its Registrar service offering.

Content & Media Metrics
The Company defines page views as the total number of Web pages viewed across its owned and operated Websites and/or its network of customer Websites, including Web pages viewed by consumers on its customers' Websites using its social media tools. Page views are primarily tracked through internal systems, such as its Omniture Web analytics tool, contain estimates for its customer Websites using its social media tools and may use data compiled from certain customer Websites. Demand Media periodically reviews and refines its methodology for monitoring, gathering, and counting page views. The Company defines RPM as Content & Media revenue per one thousand page views.

Registrar Metrics
The Company defines a domain as an individual domain name paid for by a third-party customer where the domain name is managed through its Registrar service offering. This metric does not include any of the Company's owned and operated Websites. Demand Media calculates average revenue per domain by dividing Registrar revenues for a period by the average number of domains registered in that period. The average number of domains is the simple average of the number of domains at the beginning and end of the period. Average revenue per domain for partial year periods is annualized.
The Company competes with AOL, Yahoo!, Jive Software, KickApps, Google, GoDaddy, Tucows and Melbourne IT.