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Telecom Italia raises EUR 780 mln from Inwit IPO
2015-06-18 09:04:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has announced that the IPO of a 40 percent stake in its tower unit INWIT has successfully closed and will debut on the Milan stock exchange on 22 June. The company priced the shares at EUR 3.65, bringing the total proceeds to EUR 875.3 million if the greenshoe option is fully exercised. After commissions and fees, the net proceeds to the company will be EUR 779.8 million, or EUR 857.8 million if the greenshoe is exercised.
CytomX raises $70M; another biotech IPO on the way?
2015-06-17 20:29:49| Biotech - Topix.net
CytomX Therapeutics Inc. will use $70 million from a Series D financing round to deepen its own portfolio of experimental cancer drugs and set the stage for an initial public offering. The South San Francisco biotech company, which now has raised $142 million in equity funding and more than $75 million from a trio of partnership deals, said late Tuesday that its latest, oversubscribed round was led by Fidelity Management & Research Co.
FreedomPop raises USD 30 mln in new financing
2015-06-17 16:05:00| Telecompaper Headlines
(Telecompaper) US MVNO FreedomPop announced USD 30 million in Series B financing to support its expansion to new markets. The company said earlier this year that it was considering either being acquired or seeking new external financing. It now says it declined "multiple M&A offers" in favour of organic growth. The capital injection was led by Partech Ventures and, as part of the financing, Mark Menell, General Partner, will be joining the FreedomPop board of directors. Existing investors DCM Capital and Mangrove Capital also contributed to the latest round. In addition, a new strategic investor was added, but is not part of the initial tranche and will be announced separately. FreedomPop said that Partech, with offices in Berlin and Paris, will help support its planned launch in Europe. In addition to launching in new countries, FreedomPop said it plans to invest in distribution in the US, adding offline retailers as partners. With almost 1 million customers in the US, FreedomPop plans to launch in the UK later this summer and said it expects to "expand further into Europe later this year".
Tags: new
usd
financing
raises
Yellow Tail Winemaker Raises Glass to Manhattan Supply Chain Commerce Solutions
2015-06-15 15:45:16| Waste Management - Topix.net
Manhattan Associates, Inc. today announced that Australia-based beverages distributor Casella Family Brands , known internationally for its Yellow Tail wine range, has completed a successful implementation of Manhattan's Supply Chain Commerce Solutions. The deployment optimizes order fulfillment processes across its global service operation, delivers margin improvements via a flexible and streamlined distribution approach and enables ongoing business growth.
Tags: solutions
supply
yellow
glass
Another earthquake in Fox Creek raises concerns over hydraulic fracking
2015-06-14 23:19:41| Oil & Gas - Topix.net
The small oil and gas town has had tremors in the past, including one the same size in January that caused minor damage. There's still no word on the cause of Saturday's quake, but officials have blamed previous tremors on hydraulic fracking in the oil and gas industry.
Tags: concerns
fox
creek
raises
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