Day: May 26, 2023

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Large yellow signboard on metal frame with the word IPO
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Cummins spinout Atmus makes market debut via $275M IPO (NYSE:ATMU)

ismagilov Atmus Filtration Technologies (NYSE:ATMU), a spinout of conglomerate Cummins (NYSE:CMI), made its market debut on Friday through a $275M initial public offering. Atmus offered 14.1M shares priced at $19.50 per share, raising around $275M. Underwriters were granted a 30-day option to buy up to 2.1M shares at the IPO price to cover over-allotments. Atmus...

IPO: Initial public offering
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XJet, Israeli 3D printer provider, proposes terms for $10M IPO

Chunumunu Israel’s XJet (XJET), a 3D printing technology provider, has set terms for a proposed $10M US initial public offering. XJet said in a filing that it is looking to offer 2M shares priced between $4 to $6 per share, which would raise around $10M if priced at the midpoint. Underwriters would be granted a...

aum meaning
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The Meaning of AUM with Examples

The meaning of assets under management (AUM) is the total market value of all funds a financial institution or person manages on behalf of investors. The value of AUM is calculated by different methods depending on the firm. The metric is an important one in the money management industry. The Meaning of AUM with Examples...

Is Target Closed on Memorial Day 2023?
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Is Target Closed on Memorial Day 2023?

Monday, May 29, 2023, is Memorial Day, a federal holiday that many businesses mark by closing their doors. Since many people have the day off from work, it’s common to find this disheartening, particularly if you were hoping to tackle some errands. Fortunately, while some retailers are closed, not all of them shut their doors...

Large yellow signboard on metal frame with the word IPO
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Canadian automation company ATS raises $246M via US IPO (NYSE:ATS)

ismagilov/iStock via Getty Images Canadian automation company ATS Corp. (NYSE:ATS) (ATSAF) raised $246M through a US initial public offering, with shares making their NYSE debut on Thursday. ATS offered 6M shares priced at $41 apiece. Underwriters were granted a 30-day option to buy up to 900K additional shares to cover any over-allotments. Shares of the...