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A Battered Stock, a Bargain Buyout, and the Identity-Software Sector Gets a New Look

A Battered Stock, a Bargain Buyout, and the Identity-Software Sector Gets a New Look

Elias Stein Text size Enterprise-software stocks have been beleaguered of late. But depressed valuations lure bargain-conscious private-equity buyers. On Wednesday, Ping Identity , which sells identity-security software, announced a deal to be acquired by Thoma Bravo for $28.50 a share, or $2.8 billion. Ping went public at $15 a share in September 2019 and sold …

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Mystery of the 'meme stock' no one had ever heard of that went from $1 billion market cap to over $400 billion in days

Mystery of the ‘meme stock’ no one had ever heard of that went from $1 billion market cap to over $400 billion in days

What in the world is AMTD Digital Inc. and who is behind it?  That’s the question many investors are asking themselves after an unknown company out of Hong Kong managed to join the ranks of the global megacaps worth around a half trillion dollars on Tuesday. It started when the American Depository Share (ADS) with …

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Live news update: Alibaba will ‘strive to maintain’ New York stock amid delisting threat

Live news update: Alibaba will ‘strive to maintain’ New York stock amid delisting threat

This week, the Conservative leadership contest caravan moves from parliament to the membership in the country. Ballots are expected to land on the doormats of 150,000 Tory party members in the next few days, while the finalists Liz Truss and Rishi Sunak will go head to head in another televised debate on Sky News on …

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‘We’ve never seen anything like this’: US retailers compete to clear stock

‘We’ve never seen anything like this’: US retailers compete to clear stock

An air fryer marked down from $149 to $110; a trampoline discounted by 10 per cent and a set of star-spangled kids’ pyjamas priced at $9 rather than $12: the red “rollback” signs were not hard to find this week at the Walmart Supercenter closest to the retailer’s headquarters in Bentonville, Arkansas. A mile from …

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