Very sad news over the weekend, yesterday morning a gunman opened fire in a Sikh Temple in Oak Creek Wisconsin, killing at least six worshipers and injuring three others. The senseless rampage finally ended in a shootout with police, after the gunman opened fire on one of the first officers to arrive at the scene, The gunman was eventually shot and killed by a second officer when he returned fire. The first responding officer and the congregation’s president were among the wounded. All three injured victims were reported to be in critical condition and were rushed to a nearby hospital. Authorities have identified the gunman as ex- Army soldier, Wade Michael Page but have yet to determine a possible motive for the shooting. In a news conference, Oak Creek Police Chief John Edwards, did state that the F.B.I. would lead this investigation, as the shootings would be treated as an act of domestic terrorism.
This week should shed light on the health of the IPO Market, as Six initial public offerings are hoping to raise 1.1 billion dollars, the most the market has seen since the troubled Facebook IPO was released in early May.
-The first IPO this week is slated for Tuesday. Stemline Therapeutics, a biopharmaecutical company focused on cancer treatments, is seeking a 42 million dollar deal and will begin trading on the Nasdaq tomorrow at an expected IPO price between 11 and 13 dollars.
–Wednesday will be a double header, with Bloomin’ Brands and Peregrine Semiconductor both launching their IPOs on the Nasdaq. Bloomin Brands, which operates five chain restaurants including the Outback Steakhouse chain is seeking a 300 million dollar deal and shares are expected to list between 13 and 15 dollars. Peregrine Semiconductor, which designs smartphone microchips, is scheduled to list shares between 14 and 16 dollars in a potential 82.5 million dollar deal.
–Friday will be the busiest day with three companies scheduled to go public.
–The largest deal of the day and week, Manchester United, the English soccer club, is seeking a deal worth 300 million, on the New York Stock Exchange. Shares are expected to be priced between 16 and 20 dollars.
–Another offering not to be overlooked is CKE, the parent company of Hardee’s and Carl’s Jr. is seeking a 200 million dollar deal, also on the New York Stock Exchange, with an expected listing price between 14 and 16 dollars.
–Finally, Performant Financial, a technology solutions provider for audit, recovery and data management processes, will begin trading on the Nasdaq between $12-14, in a deal seeking to raise 150 million.
As a quick Olympic update, Usain Bolt defended his title, in the 100-meter dash and remains the fastest man in the world, Overwhelming vault favorite, gymnast McKayla Maroney, stumbled to a silver in her quest for Olympic gold, British favorite Andy Murray won gold over Federer, and although he remains an inspiration to the world, double amputee Oscar Pistorius’ failed to qualify for the 400-Meter finals.
Very sad news over the weekend, yesterday morning a gunman opened fire in a Sikh Temple in Oak Creek Wisconsin, killing at least six worshipers and injuring three others. The senseless rampage finally ended in a shootout with police, after the gunman opened fire on one of the first officers to arrive at the scene, The gunman was eventually shot and killed by a second officer when he returned fire. The first responding officer and the congregation’s president were among the wounded. All three injured victims were reported to be in critical condition and were rushed to a nearby hospital. Authorities have identified the gunman as ex- Army soldier, Wade Michael Page but have yet to determine a possible motive for the shooting. In a news conference, Oak Creek Police Chief John Edwards, did state that the F.B.I. would lead this investigation, as the shootings would be treated as an act of domestic terrorism.
This week should shed light on the health of the IPO Market, as Six initial public offerings are hoping to raise 1.1 billion dollars, the most the market has seen since the troubled Facebook IPO was released in early May.
-The first IPO this week is slated for Tuesday. Stemline Therapeutics, a biopharmaecutical company focused on cancer treatments, is seeking a 42 million dollar deal and will begin trading on the Nasdaq tomorrow at an expected IPO price between 11 and 13 dollars.
–Wednesday will be a double header, with Bloomin’ Brands and Peregrine Semiconductor both launching their IPOs on the Nasdaq. Bloomin Brands, which operates five chain restaurants including the Outback Steakhouse chain is seeking a 300 million dollar deal and shares are expected to list between 13 and 15 dollars. Peregrine Semiconductor, which designs smartphone microchips, is scheduled to list shares between 14 and 16 dollars in a potential 82.5 million dollar deal.
–Friday will be the busiest day with three companies scheduled to go public.
–The largest deal of the day and week, Manchester United, the English soccer club, is seeking a deal worth 300 million, on the New York Stock Exchange. Shares are expected to be priced between 16 and 20 dollars.
–Another offering not to be overlooked is CKE, the parent company of Hardee’s and Carl’s Jr. is seeking a 200 million dollar deal, also on the New York Stock Exchange, with an expected listing price between 14 and 16 dollars.
–Finally, Performant Financial, a technology solutions provider for audit, recovery and data management processes, will begin trading on the Nasdaq between $12-14, in a deal seeking to raise 150 million.
As a quick Olympic update, Usain Bolt defended his title, in the 100-meter dash and remains the fastest man in the world, Overwhelming vault favorite, gymnast McKayla Maroney, stumbled to a silver in her quest for Olympic gold, British favorite Andy Murray won gold over Federer, and although he remains an inspiration to the world, double amputee Oscar Pistorius’ failed to qualify for the 400-Meter finals.