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SAN FRANCISCO, Oct. 29, 2021 (GLOBE NEWSWIRE) — Udemy, Inc. (“Udemy”) today announced the pricing of its initial public offering of its common stock at a price of $29.00 per share. Udemy is offering 14,500,000 shares of its common stock, plus up to an additional 2,175,000 shares that the underwriters have a 30-day option to purchase. The shares are expected to begin trading on the Nasdaq Global Select Market on October 29, 2021 under the ticker symbol “UDMY” and the offering is expected to close on November 2, 2021, subject to customary closing conditions.
Morgan Stanley, J.P. Morgan, Citigroup, BofA Securities, Jefferies, and Truist Securities are acting as book-running managers for the offering. KeyBanc Capital Markets, Piper Sandler, William Blair, Baird, and Needham & Company are acting as co-managers for the offering. The underwriters initially propose to offer part of the shares of common stock directly to the public at the public offering price and part to certain dealers, including Drexel Hamilton and Guzman & Company, at the public offering price less a specified concession.
A registration statement on Form S-1, including a prospectus, relating to these securities was declared effective by the Securities and Exchange Commission on October 28, 2021. The offering is being made only by means of a prospectus, copies of which may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by telephone: 1-866-718-1649, or by email at [email protected]; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204 or email at [email protected].
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Contact:
Devon Swanson
Udemy, Inc.
[email protected]
Bitcoin, ether, and other major coins face selling pressure as anti-crypto comments from Twitter’s chief financial officer soured the market mood. Bitcoin was trading 4.3% lower on the day near $60,800, while ether was nursing a 5.3% loss at $4,320 at press time, according to CoinDesk data. The selling began during early Asia hours after Wall Street Journal quoted social media giant Twitter’s CFO Ned Segal saying that investing cash holdings into crypto assets like bitcoin “doesn’t make sense” right now.
With just seven weeks left in 2021, Wall Street’s big names are firming up their year-end forecasts. Mike Wilson, chief U.S. equity strategist at Morgan Stanley, has set a 4,400 target for the S&P 500 by the end of 2022. That implies a fall of 6% from current levels. In his forecast, Wilson points out the factors that are likely to weigh on the markets, including “uncertainty around that expectation goes up materially given cost pressures, supply issues, along with tax and policy uncertainty tha
A rival's car winning top accolades right ahead of its much-awaited earnings release — even as Nio failed to impress investors with its third-quarter numbers — is spooking investors. Nio grabbed the interest of EV enthusiasts after it was touted to be a second Tesla in the making. To be sure, Nio is still considered the Tesla of China, but investors now feel it may have to up its game to make a mark in the U.S. now that Lucid Group (NASDAQ: LCID) has entered the space.
In this article, we discuss the 10 recent additions to the stock portfolio of Jim Cramer. If you want to skip our detailed analysis of these stocks, go directly to the Jim Cramer Stock Portfolio: 5 Recent Additions. Jim Cramer, the host of Mad Money on CNBC and a former hedge fund manager, has built […]
(Bloomberg) — Cryptocurrencies fell on Tuesday, with Bitcoin sliding toward the $60,000 level and Ether close to its lowest levels this month.Most Read from BloombergAmazon Sued Over Crashes by Drivers Rushing to Make DeliveriesBiden Plan Funds New Bridges That Locals May Not WantWhat Designers of Video Game Cities Understand About Real CitiesHong Kong's New Museum Tries to Please Art World — and BeijingThe largest digital token dipped as much as 5.5% to $60,369. Second-ranked Ether tumbled as
An analyst is anticipating that the Build Back Better plan will become law — but this remains to be seen.
Shares of Bloom Energy (NYSE: BE) plummeted on Monday and were down a whopping 10.9% as of 3 p.m. ET as multiple developments combined to put the fuel-cell stock under tremendous pressure. Although the $1.2 trillion bipartisan bill is much smaller than President Joe Biden's originally proposed infrastructure spending plan, it nonetheless places strong emphasis on alternative energy. Biden is about to sign the bill into law at a signing ceremony today, and that news is mainly why the market is dumping Bloom Energy shares.
Strategists at Morgan Stanley say investors should resist buying U.S. stocks as part of their 2022 preview, in which they argue that the "hotter, faster" cycle advances.
We’re starting the week with a serious divergence in some important economic indicators. At a macro level, the stock market is doing well. The three main indexes are all poised just below their all-time high levels. Clearly, investors are in a buying mood. But what about the average consumer? The scene here may not be so salutary. The University of Michigan consumer confidence survey came out on Friday, and it registered a dismal figure of 66.8. This was down from 71.7 the month before, and even
Apparently, when you're a marijuana investor, and the prospects for marijuana legalization suddenly get a lot brighter — in other words, it's a day like Monday. As of noon Monday, EST, shares of Canopy Growth (NASDAQ: CGC) were down 3% and Sundial Growers (NASDAQ: SNDL) was doing the opposite of growing — down 4.8% — in response to confirmation that the long-rumored Republican House bill to legalize marijuana has arrived. In contrast, shares of Curaleaf Holdings (OTC: CURLF) were headed higher, up 5.4% — which just goes to show how unpredictable marijuana stocks can be.
Many predict this asset will be a great hedge against inflation.
Many stocks in the electric vehicle (EV) sector had big gains last week, and solid-state battery developer QuantumScape (NYSE: QS) was no exception, with a jump of more than 25%. QuantumScape co-founder and CEO Jagdeep Singh said of the test results: "With the publication of this report, we will continue to focus on our product roadmap goals and delivering cells to our customers."
Graphics chip titan Nvidia Corporation (NASDAQ: NVDA) is expected to ring in a blowout quarter when it reports third-quarter results Wednesday, according to an analyst at Raymond James. The Nvidia Analyst: Chris Caso rates Nvidia shares a Strong Buy and $225 price target. The Nvidia Thesis: With underlying demand trends remaining strong, a strong quarter and outlook is expected out of Nvidia, analyst Caso said in a note. The limiting factor in the near term will likely be supply constraints, the
(Bloomberg) — Singapore’s state-owned investor Temasek Holdings Pte. sold shares of U.S.-listed Chinese technology companies from Alibaba Group Holding Ltd. and Didi Global Inc. to online education providers amid regulatory crackdowns.Most Read from BloombergAmazon Sued Over Crashes by Drivers Rushing to Make DeliveriesBiden Plan Funds New Bridges That Locals May Not WantWhat Designers of Video Game Cities Understand About Real CitiesHong Kong's New Museum Tries to Please Art World — and Beijin
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. cut two of its payments bets — holdings in Visa Inc. and Mastercard Inc. — as it also pulled back on investments in pharmaceutical giants AbbVie Inc. and Bristol Myers-Squibb Co. Most Read from BloombergAmazon Sued Over Crashes by Drivers Rushing to Make DeliveriesBiden Plan Funds New Bridges That Locals May Not WantWhat Designers of Video Game Cities Understand About Real CitiesHong Kong's New Museum Tries to Please Art World — and Beiji
GameStop's Cohen tweeted backwardly about his size early Monday morning, and Reddit's Ape army is bullish.
Investing in real estate can assist you in diversifying your investment portfolio by adding physical assets and providing you with a hedge against inflation. If you are a real estate investor, or if you aspire to become one, you will … Continue reading → The post A Simple Trick for Avoiding Capital Gains Tax on Real Estate Investments appeared first on SmartAsset Blog.
IBM says it has built a quantum processor that it says cannot be simulated by a classical computer. If true, the processor would represent a major breakthrough in quantum computing, which its proponents say could lead to radical changes in how we are able to deal with information. The company says that the quantum processor is so capable that to simulate its capabilities with a traditional computer, one would require more bits than there are atoms in every person in existence.
Technology investor Prosus NV expects a large rise in earnings per share for the first half of its 2022 fiscal year, the firm said on Tuesday, as it gained proceeds of $12.3 billion from selling part of its stake in Tencent in April. In a premarket statement, Amsterdam-based Prosus said earnings per share for the six months that ended on Sept. 30 would be up between 439% and 446% from $1.85 per share for the corresponding year-earlier period. That improvement was driven by an increase in the dividends it received from Tencent, in which it still holds a 28.9% stake worth 157 billion euros ($179 billion), after selling 2% in April.
EV-charging stocks had a great week following passage of the Biden administration's infrastructure bill and solid earnings reports from a couple of players.
