Blank-Check Companies, a Hot IPO Fad, Contain Pitfalls for Investors

Blank-check companies are enjoying their highest popularity in more than a decade, raising more than $10 billion in new listings last year. But investors should still be cautious about the structure, according to a review of the companies’ performance by The Wall Street Journal.

Oh yeah and didn’t you report two years ago that tech companies would decline because of the Trump election - another chicken little story by the critics.

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SEC Wants to Make It Easier for Companies to Explore IPOsAny company exploring whether to go public would get greater leeway to discuss their plans privately with potential investors before announcing an initial public offering, under a proposal from securities regulators. they are called ICO's not IPO's An idea 40 years too late and way past time - it's amazing how slow government moves. Make something better - oh well we will think on that one - now go back and flip papers until 4pm & transfer the person who came up with the idea.
Source: WSJ - 🏆 98. / 63 Read more »

$1 billion video-conferencing company Zoom is aiming for an April IPOZoom, which faced delays in January because of the Securities and Exchange Commission shutdown, could file publicly as soon as March.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Pre-IPO companies like Uber and Airbnb could 'test the waters' with investors sooner under new SEC proposalThe Securities and Exchange Commission proposed new rules which would make it easier for high-valued private companies to get feedback from institutional investors before registering to go public.
Source: BusinessInsider - 🏆 729. / 51 Read more »

These Senators Received The Biggest Checks From Pharma Companies Testifying TuesdaySeven pharma executives are expected to face tough questions about the price of their drugs Tuesday before the U.S. Senate Finance Committee. They’ll also be answering to a group that’s received hundreds of thousands of dollars in campaign contributions from their own companies’ PACs. We need caps on lobbyists Bernard Noble was sentenced to 14 years, for possession of 2 joints, But John Boehner’s epiphany sent the stock market up several points. Marijuana, cocaine and heroin dealers are locked up in the caboose, Biggy Pharma, Congress, DEA, DOJ, opioid distributors, are in cahoots. 115 Americans die every day from an opioid overdose GOP congressman Tom Marino wrote a bill, made the situation worse. The Law made it more difficult to prosecute the distribution of this killer pill Bull shit walks while money talks, throughout the corridors of Capitol Hill.
Source: Forbes - 🏆 394. / 53 Read more »

Activist Investor Claims Insurer’s CEO Uses Company Assets to Support LifestyleVoce Capital says Argo Group’s board is letting its chief executive misuse company assets on jet trips, designer office chairs and other expenses. The investor plans to launch a proxy fight against the company, which says its performance remains strong. This guy is crazy to think that corporations don't exist solely for their CEO's profits. Just kidding. I love a responsible businessman. WTG Voce.
Source: WSJ - 🏆 98. / 63 Read more »