PPD Inc. shares PPD, +13.78% soared 14% in their trading debut Thursday, after the drug research company's initial public offering priced at the high end of its $24 to $27 price range. The company sold 60 million shares to raise $1.62 billion. Sixteen banks underwrote the deal, led by Barclays, JPMorgan, Morgan Stanley and Goldman Sachs. Proceeds of the deal will be used to pay down debt and for general corporate purposes.
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Detroit's Assemble Sound Selects 14 Artists for 2020 ResidencyAssemble Sound, a Detroit-based music company that was founded in 2015 to help foster the careers of local musicians, has selected 14 artists for its 2020 studio residency, it was announced Monday (Feb. 3). Additionally, the company has unveiled a new year-long partnership with Stroh’s Brewing Company to grow the residency program, including the establishment of a $20,000 fund that will allow selected artists to request cash grants to cover project-related expenses such as music videos, album artwork, live show development and travel budgets. AssembleSound amazing ! proud to be an alumni 👨🏽🎓 AssembleSound Ayyyy🙏
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