JKBX has announced that its platform for purchasing shares of music royalty assets is now live. The platform is expected to appeal to both seasoned investors and music fans who are new to the world of music investments, JKBX (pronounced “jukebox”) said in a Monday...
Online brokerage Robinhood has reached an agreement with the U.S. Marshal Service (USMS) to repurchase shares from Sam Bankman-Fried’s Emergent Fidelity Technologies. The deal, valued at $605.7 million, comes after Robinhood’s shares were seized and transferred to the custody of the U.S. government following the bankruptcy filing of Emergent Fidelity Technologies and Bankman-Fried’s FTX,...
Digital bank Nubank reportedly saw its shares dip after CEO David Velez sold a portion of his stake in the company. The stock fell by as much as 8.6% during New York trading, marking the largest intra-day decline since April, Bloomberg reported Thursday (Aug. 17)....
Private equity firm KKR is reportedly set to transfer payments firm Unzer to a group of creditors. The debt providers Alcentra Asset Management, Goldman Sachs Asset Management and Partners Group have agreed in principle to take over a majority stake in Unzer, pending regulatory approval, Bloomberg reported Friday (Aug. 4), citing unnamed sources. They will provide...
Trading platform eToro’s valuation has reportedly dropped following a $120 million secondary share sale. As CNBC reported Monday (July 31), the Israeli company had been valued at $3.5 billion in a funding round earlier this year. eToro, which lets users trade stocks, crypto and contracts, gave early employees and...
Wall Street banks are reportedly interested in trading private credit loans. JPMorgan Chase, Barclays and Goldman Sachs are among the companies that are in discussions with private debt funds about engaging in secondary-market transactions, Bloomberg News reported Wednesday (March 28), citing unnamed sources. Additional sources...
Muddy Waters Capital has unveiled a short of Uruguay-based, U.S.-listed payments company dLocal Ltd. (DLO) in a report that drew a swift response from the firm. In the report released Wednesday (Nov. 16), Muddy Waters Capital said dLocal has reported a rate of growth and...
Milan-based payment technology firm Nexi announced it would increase profits more than markets expected over the next three years and generate around 2.8 billion euros ($2.7 billion) in excess cash. Unveiling a strategic growth plan that was well-received by the stock market, the firm said...
AMTD Digital is having its 15 minutes of meme stock fame. The Chinese company you’d probably never heard of until very recently blew up the screens of traders worldwide during the normally quiescent North American summer, exploding to the upside by more than 15,000% since...
