Anticoagulant drug developer Cardrenal Therapeutics files for $10M IPO

designer491 Anticoagulant drug developer Cardrenal Therapeutics (CVKD) has filed for a proposed $10M initial public offering. Cardrenal said in a filing that it considering offering 2M shares at the assumed price of $5 per share, which would raise $10M. Underwriters would be granted a 45-day option to buy up to 300K additional shares. Boustead Securities … Read more

Shiba Inu (SHIB) Main Developer Teases Additional SHIB Burning Options By DailyCoin

Shiba Inu (SHIB) Main Developer Teases Additional SHIB Burning Options Last weekend was a wild one for the Shib Army, as the Shiba Eternity card game launched in Australia. While only available on iOS at the time of writing, an Android version is expected to be made available in the following days. In other news, … Read more

Hives treatment developer Third Harmonic prices upsized $185M IPO (Pending:THRD)

Mikko Lemola Hives treatment developer Third Harmonic Bio (THRD) has priced its upsized $185M initial public offering. The biotech company said it now plans to offer 10.9M shares at $17 per share. Underwriters will be granted a 30-day option to buy up to 1.64M additional shares. Morgan Stanley, Jefferies and Cowen are serving as joint … Read more

Hives treatment developer Third Harmonic Bio sets terms for proposed $153M IPO

Mikko Lemola Third Harmonic Bio (THRD) has set terms for a proposed $153M initial public offering. The biotech company said in a filing that it is looking at offering 9M shares priced between $16 and $18, which would raise around $153M if priced at the midpoint. Underwriters would be granted an option to buy up … Read more

China Crisis Wipes Out $90 Billion of Developer Market Value

(Bloomberg) — Chinese developers have suffered a meltdown of at least $90 billion in stocks and dollar bonds this year, with a bursting housing bubble and an intensifying debt crisis threatening to inflict even more pain. Most Read from Bloomberg The builders have lost about $55 billion in share value since 2022 began, according to … Read more

Live news updates: Game developer Roblox tumbles after reporting decline in user spending

Game developer Roblox became the latest company in the video game industry to report a slowdown in growth, with a drop in a closely watched sales metric triggering a share price tumble in after-hours trading. The company, whose eponymous platform helps players design their own games, went public through a direct listing in March 2021, … Read more

American, IAG Invest in Hydrogen-Electric Engine Developer

Following investments in December by United Airlines and Alaska Airlines, American Airlines also has made an investment in the hydrogen-electric engine developer ZeroAvia, the companies announced Wednesday. Neither company disclosed the investment amount. In addition, the deal gives American the opportunity to order up to 100 engines from ZeroAvia’s hydrogen-electric powertrain development program. The engines are … Read more

CPC joins developer to preserve affordable senior housing

Nonprofit developer BRIDGE Housing has chosen mortgage lender CPC Mortgage to refinance the Magnolia Plaza senior apartments located in South San Francisco, CA. The two mission-driven companies have announced $19.4 million in financing to preserve 125 units of affordable housing for low-income senior citizens. Studies have revealed senior citizens among those at highest risk of … Read more

Chinese Developer Shimao Defaults on $1 Billion Dollar Bond

(Bloomberg) — Chinese developer Shimao Group Holdings Ltd. missed payment on a $1 billion dollar note due Sunday, its first default on a public bond after months of mounting stress. Most Read from Bloomberg Shimao’s delinquency is among the biggest dollar payment failures so far this year in China and the firm has about $5.5 … Read more

Psychedelic drug developer Clearmind files for proposed $14M IPO (OTCMKTS:CMNDF)

jxfzsy/iStock via Getty Images Psychedelic drug developer Clearmind Medicine (OTCPK:CMNDF) (OTC:CMND) has filed to raise up to $14M through a US initial public offering. The Canadian company filed to offer an undisclosed number of units, with each unit consisting of one share plus one warrant to buy one share. While pricing wasn’t disclosed, a filing … Read more