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Live Nation Raises $450M Via Equity Offering At Discount

Live Nation Entertainment Inc (NYSE:LYV) priced 5.2 million shares at $86.90 per share to raise $449.6 million in a secondary…

byAnusuya Lahiri

September 15, 2021

1 minute read

Live Nation Entertainment Inc (NYSE:LYV) priced 5.2 million shares at $86.90 per share to raise $449.6 million in a secondary public offering.
The offer price implies a 2% discount to Live Nation’s September 14 closing price of $88.68.
The offering proceeds will help fund the OCESA Entretenimiento, S.A. de C.V. acquisition worth $444 million. The remaining proceeds will serve general corporate purposes.
Price Action: LYV shares closed lower by 0.48% at $88.68 on Tuesday.

DA Davidson Maintains Neutral on Prestige Consumer, Lowers Price Target to $60

By Benzinga Newsdesk

May 9, 4:40 AM

DA Davidson analyst Linda Bolton Weiser maintains Prestige Consumer (NYSE:PBH) with a Neutral and lowers the price target from $63 to $60.

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$760M Liquidated From Crypto Markets As Bitcoin Reclaims $30,000 Level

By Samyuktha Sriram

May 13, 2:19 AM

Over 230,000 crypto traders saw liquidations worth $760 million over the last 24 hours.

$ADA

News

Shopify Posts $1.2 Billion Loss A Day After Slashing Workforce

By FreightWaves

July 27, 12:27 PM

Canadian e-commerce platform Shopify lost $1.2 billion in the second quarter as more customers returned to in-store shopping and e-commerce growth slowed from its pandemic highs. It also said it expects to post an adjusted net loss for the remainder of 2022.

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