UIS

Silicon Valley Bank shares plunge in stock sale plan to stem cash burn

by
Silicon Valley Bank shares plunge in stock sale plan to stem cash burn

Deposits fall faster than expected – SVB Capital raise, private equity injection, asset restructuring to help Stock drops more than 50% in afternoon trading March 9 (Reuters) – Shares of SVB Financial Group (SIVB.O) plunged more than 62% on Thursday, a day after the lender launched a $1.75 billion share sale to shore up its … Read more

Rivian plans to sell $1.3 billion in bonds to shore up its capital, shares fall

by
Rivian plans to sell .3 billion in bonds to shore up its capital, shares fall

SAN FRANCISCO, March 6 (Reuters) – Rivian Automotive (RIVN.O) plans to sell bonds worth $1.3 billion, it said on Monday, as weaker demand and high costs are tightening the cash crunch around electric vehicle makers. Rivian shares fell nearly 7% in after-hours trading. Initial investors will have an option to purchase an additional $200 million … Read more

SoftBank’s Arm aims to raise at least $8 billion in U.S. IPO, sources say

by
SoftBank’s Arm aims to raise at least billion in U.S. IPO, sources say

NEW YORK, March 5 (Reuters) – Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is likely to aim to raise at least $8 billion from what is expected to be a blockbuster launch in the US stock market. this year, people familiar with the matter said on Sunday. Arm is … Read more