The ‘blank check’ ally of former president Donald Trump’s media start-up was once a stock-market star. It’s now days away from potential liquidation. Cordell Eminent Scholar Jay Ritter shares his insights in this story from the Washington Post.
Jay Ritter Articles: page 13
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Trump Media’s SPAC Deal Faces a Make-or-Break Investor Vote
Cordell Eminent Scholar Jay Ritter shares his insights for this story on the deal to take Donald Trump’s social-media company public. Trump Media faces a make-or-break moment as the blank-check firm that’s acquiring it rushes to get investor buy-in. Read
IPO Drought Is Ending, But Don’t Expect a Deluge
Cordell Eminent Scholar Jay Ritter provides his IPO insights to Bloomberg for this opinion column from Jonathan Levin, who writes about the U.S. market for initial public offerings finally reopening after the sleepiest stretch in 32 years. If recent deals
Trump tweets after Georgia arrest: Indictment spurs return to Twitter, now known as X
Trump, who has certain contractual obligations to TruthSocial and has an incentive to prop up the value of his social media company, had previously said he would not return to Twitter even if invited. Rejoining the social media platform was
Sports IPOs on losing streak as boiler room heat grows cold
Sports IPOs have flopped in 2023: There have been seven IPOs, including two sports-related SPACs, and the total return from the offering prices is negative 43%. Why are sports IPOs performing poorly? Hint: It’s not because people don’t like sports
Jay Ritter comments on Arm’s IPO on Bloomberg Market’s The Close
Cordell Eminent Scholar Jay Ritter shares his insights about Softbank-backed chip designer Arm’s IPO, which is on track to be the largest public debut of 2023. Hear more from Ritter in this video from Bloomberg. [Segment begins at 1h 57m.]
AMC moves to simplify its stock situation
Cordell Eminent Scholar Jay Ritter comments on movie theater chain AMC’s complicated stock maneuver the company is planning. AMC shares fell 24% on Monday after a judge approved the company’s plan to consolidate two types of stock the company offers:
Instacart’s slow IPO delivery spoils the goods
Cordell Eminent Scholar Jay Ritter shares his insights on Instacart’s IPO. The grocery delivery company is set to submit an initial public offering prospectus to regulators as soon as next week. Read more in this story from Reuters.
Here’s The Story Of The Billionaire Founder Behind Hindenburg Research’s Latest Short Selling Target
The short seller Hindenburg has accused Kazakhstan-based brokerage Freedom Holding of fraudulent practices. Former employees who spoke with Forbes have their own beef with the company. Cordell Eminent Scholar Jay Ritter comments in this story from Forbes.
In latest troubles, top UM athletics booster John Ruiz faces $67 million lawsuit
Cordell Eminent Scholar Jay Ritter lends his SPAC insights to this story about LifeWallet, the health-insurance claims company founded by lawyer John H. Ruiz, a top financial booster of University of Miami athletics, which faces another legal challenge after Miami
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