Billionaire Richard Branson’s space tourism company will merge with Social Capital Hedosophia to enter the stock market by the end of the year.
The company, which provides a patient-intake software platform for health care providers, has processed $1.4 billion in patient payments.
It would be the first newly listed restaurant chain in four years.
The company first went public in 1971 but was bought out by the Haas family in 1985 for $1.6 billion.
The move to go public without an IPO would follow a direct listing from Spotify last year.
The sale of the last U.S. regional stock exchange follows the collapse of its deal to be acquired by a Chinese-led investor group.
A direct listing would allow Spotify to avoid the hefty underwriting fees of a traditional IPO while providing liquidity to shareholders.
The exchange is hoping to avoid technical glitches ahead of the long-awaited unicorn offering.
Activating a disaster recovery plan isn’t an easy decision, as United Airlines and the New York Stock Exchange discovered.
The social media channel's shares are down more than 25% after an error by Nasdaq exposed the company's earnings prematurely.
The tax-advantaged specialty finance company will target middle-market companies with pre-tax earnings of $5 million to $75 million.
Boards of directors are comfortable monitoring operational risk and fraud, but managing cyber risk is a totally different animal, finds a new study.
