Artificial intelligence software developer C3.ai (NYSE: AI) netted $651M from an initial public offering Wednesday and its shares rose 120.2 percent by the end of first trading day, Investor’s Business Daily reported Thursday.
Read More »Leonardo Eyes Public Listing for DRS Subsidiary
Italy-based Leonardo said it intends to maintain control of U.S. defense subsidiary DRS even if the latter goes public, Reuters reported Thursday.
Read More »C3.ai Files to Go Public
Artificial intelligence software provider C3.ai has filed with the Securities and Exchange Commission a registration statement for its planned initial public offering.
Read More »Palantir Goes Public Through Direct Listing, Gets $21B Valuation
Palantir Technologies (NYSE: PLTR) started trading Wednesday on the New York Stock Exchange via a direct listing and got a valuation of approximately $21B, The Wall Street Journal reported.
Read More »Software Maker Palantir to Go Public Through NYSE Direct Listing
Denver-based software company Palantir Technologies filed for a direct listing on the New York Stock Exchange using the ticker symbol “PLTR,” Bloomberg reported Wednesday.
Read More »Raytheon Technologies Kicks Off Trading on NYSE; Greg Hayes, Thomas Kennedy Quoted
Raytheon Technologies started trading Friday on the New York Stock Exchange under the ticker symbol “RTX” after United Technologies Corp. and Raytheon completed their all-stock merger that was first announced in June 2019. The Waltham, Mass.-based publicly traded combined company has approximately $74B in pro forma 2019 net sales and operates with about 195K employees worldwide focused on developing technologies across hypersonics, cybersecurity, avionics and directed energy, among other areas, Raytheon Technologies said Friday.
Read More »Parsons Sets IPO Share Price at $26 to $28
Parsons (NYSE: PSN) is selling 18,518,500 shares of common stock at a target price of $26 to $28 per share through an initial public offering. The company said Monday it expects to grant underwriters a 30-day option to buy up to 2,777,775 additional shares. BofA Merrill Lynch, Morgan Stanley and …
Read More »Perspecta Begins Trading on NYSE as Independent Firm Under CEO Mac Curtis
Perspecta has begun to trade under the ticker symbol “PRSP” on the New York Stock Exchange after it finalized its separation from DXC Technology (NYSE: DXC) and subsequent merger with Vencore and KeyPoint Government Solutions. The independent publicly traded combined company has 14,000 employees and $4.2 billion in pro-forma revenues, Perspecta said Friday. …
Read More »DXC Public Sector Business-Vencore-KeyPoint Merger Deal Set to Close by Month’s End
DXC Technology’s (NYSE: DXC) board of directors has scheduled May 25 as the record date for the planned spinoff of its U.S. public sector business as a separate, publicly traded company that will operate as Perspecta. DXC said Monday it also set a May 31 date for the distribution of Perspecta …
Read More »MDA Closes Estimated $3.6B DigitalGlobe Buy to Create ‘Maxar Technologies’
MacDonald, Dettwiler and Associates has closed its approximately $3.6 billion acquisition of DigitalGlobe to create a new company that will work to provide integrated satellite, imagery and geospatial services to the commercial and government markets. MDA said Thursday the newly combined entity will be renamed Maxar Technologies Ltd. and temporarily trade on the …
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