Credit & Capital

IPOs

Poshmark Pops in Latest Big Market Debut

The online fashion reseller has benefited from a flood of demand as locked-down shoppers turn to e-commerce amid the coronavirus pandemic.

Matthew Heller
January 15, 2021
Capital Markets

Massive Short Squeeze Sends GameStop Soaring 80%

The video game retailer reported no major news on Wednesday, suggesting the massive rally in the stock was simply a short squeeze.
IPOs

Affirm Shares Surge in Debut After $1.2B IPO

The flotation of the online lender extends "a frenzied run of tech IPOs dating back to the second half of last year."
Bankruptcy

Weighing COVID-19 (and Other Macro Factors) in Bankruptcy Valuations

Failure to give proper weight to macroeconomic factors in fixing valuation may result in overpaying creditors or having insufficient working capital.
People

Biden to Name Gary Gensler as SEC Chairman

The appointment of the former CFTC chief "is expected to put an end to the four years of rule-easing" that Wall Street has enjoyed under Jay Clayton.
Applications

LoanDepot Seeks NYSE Listing Amid Mortgage Boom

The mortgage lending company generated $1.47 billion in net income from the first nine months of last year.
Credit

PPP Reopens With $284B for Small Business Loans

The revamped COVID-19 relief program also allows some companies to apply for a second draw of up to $2 million.
M&A

Visa Calls Off $5.3B Merger Deal With Plaid Over DOJ Lawsuit

The U.S. Department of Justice said the transaction would eliminate healthy competition from the online payments market.
M&A

Staples Offers to Buy Office Depot

Previous merger offers were blocked by regulators in 2016 and 1997.
M&A

Acacia Breaks Merger With Cisco

Cisco was seeking a court order to close the deal following the announcement.
Accounting & Tax

Bitcoin Breaches $41,000 Mark in Unfazed Rally

Even as Bitcoin hits new all-time highs, investors with large amounts of the cryptocurrency are continuing to hold on to the asset.
IPOs

Roblox to Go Public Through Direct Listing

The online gaming platform raised $520 million in a Series H funding and dropped plans to list via a traditional initial public offering.
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