Goldman Sachs

US Financial 15 Split Corp. Preferred Dividend Declared

Friday, September 18, 2020 - 2:00pm

TORONTO, Sept. 18, 2020 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05017 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, Sept. 18, 2020 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05017 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable October 9, 2020 to shareholders on record as at September 30, 2020.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.

Amwell Announces Pricing of Upsized Initial Public Offering

Thursday, September 17, 2020 - 2:50am

BOSTON, Sept. 16, 2020 /PRNewswire/ --Amwell, a national telehealth leader, today announced the pricing of its upsizedinitial public offering of 41,222,222 shares of its Class A common stock at an initial public offering price of $18.00 per share for total gross proceeds of approximately $742 million, before deducting underwriting discounts and commissions and offering expenses payable by Amwell.

Key Points: 
  • BOSTON, Sept. 16, 2020 /PRNewswire/ --Amwell, a national telehealth leader, today announced the pricing of its upsizedinitial public offering of 41,222,222 shares of its Class A common stock at an initial public offering price of $18.00 per share for total gross proceeds of approximately $742 million, before deducting underwriting discounts and commissions and offering expenses payable by Amwell.
  • In addition, the underwriters have been granted a 30-day option to purchase up to 6,183,333 additional shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions, from Amwell and certain stockholders of Amwell (the "Selling Stockholders").
  • Amwell will not receive any proceeds from the sale of Class A common stock by the Selling Stockholders.
  • Morgan Stanley, Goldman Sachs & Co. LLC and Piper Sandler are acting as lead joint book-running managers for the offering.

AT&T Chief Executive Officer John Stankey Updates Shareholders

Wednesday, September 16, 2020 - 9:51pm

John Stankey, chief executive officer of AT&T Inc. * ( NYSE:T ), spoke recently at the Goldman Sachs Communacopia Conference where he provided an update on the companys operational and capital allocation strategies.

Key Points: 
  • John Stankey, chief executive officer of AT&T Inc. * ( NYSE:T ), spoke recently at the Goldman Sachs Communacopia Conference where he provided an update on the companys operational and capital allocation strategies.
  • Stankey acknowledged the material impact the current economic backdrop has had across multiple industries.
  • Stankey said this process may lead to further monetization of non-core assets in AT&Ts portfolio.
  • Stankey said that he sees the company as well positioned to compete in a competitive and evolving wireless industry.

Veem Secures $31M in Strategic Funding Round Led by Truist Ventures

Wednesday, September 16, 2020 - 2:21pm

This funding round builds on Veems already expansive global investor base, with participants from the United States, China, Japan, Australia, Indonesia, Canada, and the Middle East.

Key Points: 
  • This funding round builds on Veems already expansive global investor base, with participants from the United States, China, Japan, Australia, Indonesia, Canada, and the Middle East.
  • Existing investors that participated in this round include: GV (formerly Google Ventures), Goldman Sachs, Kleiner Perkins, Silicon Valley Bank, National Australia Bank Ventures and Trend Forward Capital.
  • Our leadership in Veems strategic funding round marks our first investment as Truist Ventures; we cant imagine a better company to hit this milestone with.
  • Truist Ventures investment focus stretches beyond traditional financial technology into adjacent, disruptive technologies that enable Truist to deliver a human touch in new ways.

Secondary Public Offering of ADT Common Stock Priced

Wednesday, September 16, 2020 - 2:07pm

The 43,500,000 shares to be sold in this offering represent 5.5% of ADTs fully diluted common stock.

Key Points: 
  • The 43,500,000 shares to be sold in this offering represent 5.5% of ADTs fully diluted common stock.
  • As part of this offering, the Selling Stockholders have agreed to a 120-day lock-up of their common stock.
  • The underwriters will have a 30-day option to purchase up to an additional 6,500,000 shares of common stock from the Selling Stockholders.
  • Morgan Stanley, Goldman Sachs & Co. LLC, Barclays and RBC Capital Markets are acting as joint-book running managers for the proposed offering.

StepStone Announces Pricing of Initial Public Offering

Wednesday, September 16, 2020 - 5:17am

NEW YORK, Sept. 16, 2020 (GLOBE NEWSWIRE) -- StepStone Group Inc. (StepStone) today announced the pricing of its initial public offering of 17,500,000 shares of its Class A common stock at a public offering price of $18.00 per share.

Key Points: 
  • NEW YORK, Sept. 16, 2020 (GLOBE NEWSWIRE) -- StepStone Group Inc. (StepStone) today announced the pricing of its initial public offering of 17,500,000 shares of its Class A common stock at a public offering price of $18.00 per share.
  • In addition, StepStone has granted the underwriters a 30-day option to purchase up to an additional 2,625,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.
  • The offering is expected to close on or about September 18, 2020 subject to satisfaction of customary closing conditions.
  • J.P. Morgan, Goldman Sachs and Morgan Stanley are acting as joint book-running managers for the offering.

Quotient Limited Announces Closing of Underwritten Offering of Ordinary Shares

Tuesday, September 15, 2020 - 9:05pm

JERSEY, Channel Islands, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Quotient Limited (NASDAQ: QTNT) (the "Company"), a commercial-stage diagnostics company, today announced the closing of its previously announced underwritten public offering of 20,294,117 ordinary shares at a price to the public of $4.25 per share, which includes the exercise in full by the underwriters of their option to purchase up to 2,647,058 additional ordinary shares.

Key Points: 
  • JERSEY, Channel Islands, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Quotient Limited (NASDAQ: QTNT) (the "Company"), a commercial-stage diagnostics company, today announced the closing of its previously announced underwritten public offering of 20,294,117 ordinary shares at a price to the public of $4.25 per share, which includes the exercise in full by the underwriters of their option to purchase up to 2,647,058 additional ordinary shares.
  • The net proceeds to the Company from this offering were approximately $80.5 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company.
  • Goldman Sachs & Co. LLCandCowen and Company, LLCacted as joint book-running managers for the offering.
  • The Quotient logo, Quotient MosaiQ and MosaiQ are trademarks or registered trademarks of Quotient Limited or its subsidiaries in various jurisdictions.

Warner Music Group Corp. to Participate in Goldman Sachs 29th Annual Communacopia Conference

Tuesday, September 15, 2020 - 8:54pm

NEW YORK, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (Warner Music Group or WMG) announced today that Steve Cooper, Chief Executive Officer, will participate in a question and answer session during the Goldman Sachs 29th Annual Communacopia Conference on Thursday September 17, 2020, at 1:15 p.m.

Key Points: 
  • NEW YORK, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (Warner Music Group or WMG) announced today that Steve Cooper, Chief Executive Officer, will participate in a question and answer session during the Goldman Sachs 29th Annual Communacopia Conference on Thursday September 17, 2020, at 1:15 p.m.
  • A live webcast of the session will be available to the general public through a link on the Investor Relations homepage of Warner Music Groups website ( https://investors.wmg.com/events-and-presentations/upcoming-events ).
  • A replay of the video webcast will be available in the Past Events section of Warner Music Groups Investor Relations homepage.
  • With a legacy extending back over 200 years, Warner Music Group (WMG) today brings together artists, songwriters and entrepreneurs that are moving entertainment culture across the globe.

The AZEK® Company Announces Closing of Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Tuesday, September 15, 2020 - 5:43pm

The AZEK Company Inc. (NYSE: AZEK) ("AZEK") announced today the closing of an underwritten public offering of 28,750,000 shares of its Class A common stock, including the exercise in full by the underwriters of their option to purchase up to 3,750,000 additional shares of Class A common stock, in each case sold by certain of its selling stockholders, at a price to the public of $33.25 per share.

Key Points: 
  • The AZEK Company Inc. (NYSE: AZEK) ("AZEK") announced today the closing of an underwritten public offering of 28,750,000 shares of its Class A common stock, including the exercise in full by the underwriters of their option to purchase up to 3,750,000 additional shares of Class A common stock, in each case sold by certain of its selling stockholders, at a price to the public of $33.25 per share.
  • AZEK did not receive any proceeds from the sale of the shares of Class A common stock.
  • Barclays, BofA Securities, Goldman Sachs & Co. LLC and Jefferies acted as joint lead book-running managers for the offering.
  • A registration statement relating to the offering was declared effective by the Securities and Exchange Commission on September 10, 2020.

PPD Announces Secondary Offering of Shares of Common Stock

Monday, September 14, 2020 - 9:06pm

Additionally, the selling stockholders intend to grant the underwriters a 30-day option to purchase up to 5,700,000 additional shares of the Companys common stock.

Key Points: 
  • Additionally, the selling stockholders intend to grant the underwriters a 30-day option to purchase up to 5,700,000 additional shares of the Companys common stock.
  • The Company is not selling any shares of common stock in the offering, will not receive any of the proceeds from the offering and will bear the costs associated with the sale of such shares by the selling stockholders, other than underwriting discounts and commissions.
  • The offering is being made through an underwriting group led by Morgan Stanley, Barclays, J.P. Morgan and Goldman Sachs & Co. LLC.
  • PPD is a leading global contract research organization providing comprehensive, integrated drug development, laboratory and lifecycle management services.