Gargolas/iStock via Getty Images Alliant Energy ( LNT ) was initiated Wednesday with an Outperform rating and $82 price target at RBC Capital, which cited " embedded conservatism" in company management's Q3 20 25 earnings per share compound annual growth rate i ncrease, greater leverage than peers to incremental data center announcements, and exposure to a best - in - class regulatory framework in...
Gargolas/iStock via Getty Images Alliant Energy ( LNT ) was initiated Wednesday with an Outperform rating and $82 price target at RBC Capital, which cited " embedded conservatism" in company management's Q3 20 25 earnings per share compound annual growth rate i ncrease, greater leverage than peers to incremental data center announcements, and exposure to a best - in - class regulatory framework in Iowa . The state's unique regulatory construct puts a floor under Alliant's ( LNT ) low-risk, top quartile EPS growth, according to RBC analyst Stephen D'Ambrisi; in 2024, the company reached a landmark settlement resulting in a five-year base rate freeze and was granted a mechanism that allows it to bank and utilize tax credits relating to new renewable generation to offset underearning during the rate freeze. D'Ambrisi estimated Alliant ( LNT ) will generate more than $600M of bankable tax credits over the next four years, driving significantly improved earnings predictability, given a ratable application of the tax credits could offset 200-300 bps of underearning annually. "We are hard-pressed to imagine a scenario with this level of lag, and thus view IPL's ability to earn its allowed [return on equity] as a uniquely low-risk proposition, especially relative to peers," the analyst wrote. More on Alliant Energy Alliant Energy: Grow Your Income With This Durable Utility Alliant Energy: Buy The Dip On AI Data Center Ramp Alliant Energy Q4 2025 Earnings Call Presentation
Chubb Ltd. is partnering with the US International Development Finance Corp. on a $20 billion reinsurance backstop aimed at reviving shipping in the Strait of Hormuz, a crucial oil route being disrupted by the US and Israeli war with Iran. The firm will underwrite and issue policies for eligible vessels, the DFC said in a statement Wednesday , as part of the Trump administration’s new initiative t...
Chubb Ltd. is partnering with the US International Development Finance Corp. on a $20 billion reinsurance backstop aimed at reviving shipping in the Strait of Hormuz, a crucial oil route being disrupted by the US and Israeli war with Iran. The firm will underwrite and issue policies for eligible vessels, the DFC said in a statement Wednesday , as part of the Trump administration’s new initiative to offer maritime reinsurance. While Chubb is the lead partner, other participating insurers could be announced in coming days. “The commerce passing through the Strait of Hormuz plays a vital role in the global economy, and providing vessels with insurance protection is essential for resuming trade flows,” Chubb Chief Executive Officer Evan Greenberg said in the statement. Read More: US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow Shipping through the strait — which carries about a fifth of global oil flows, as well as gas, fertilizer and other products — has effectively ground to a halt since the US and Israel launched the war against Iran on Feb. 28. While the Lloyd’s Market Association has said insurance for ships in the region is still available, maritime cover premiums have spiked as Iran threatens to target vessels crossing the passage. Last week, the DFC said it was deploying a reinsurance program to cover losses of as much as $20 billion on hull, machinery and cargo damage. The little-known agency, which was traditionally responsible for development lending abroad, has taken on a bigger role in national security under the Trump administration. “With today’s announcement, we are one step closer to restoring market confidence and resuming energy and commercial trade disrupted by the conflict with Iran,” DFC CEO Ben Black said in the statement announcing the Chubb partnership.
Key Points Numerai GP LLC bought 71,257 OLED shares in the fourth quarter; the estimated trade value was $9.24 million. Meanwhile, the quarter-end position value increased by $8.21 million, reflecting both trading and stock price moves. Post-trade, Numerai GP LLC held 75,391 shares worth $8.80 million. The OLED position now accounts for 1.06% of fund AUM. 10 stocks we like better than Universal Di...
Key Points Numerai GP LLC bought 71,257 OLED shares in the fourth quarter; the estimated trade value was $9.24 million. Meanwhile, the quarter-end position value increased by $8.21 million, reflecting both trading and stock price moves. Post-trade, Numerai GP LLC held 75,391 shares worth $8.80 million. The OLED position now accounts for 1.06% of fund AUM. 10 stocks we like better than Universal Display › Numerai GP disclosed a buy of Universal Display Corporation (NASDAQ:OLED) in a February 17, 2026, SEC filing, increasing its stake by 71,257 shares, with the estimated trade valued at approximately $9.24 million based on quarterly average pricing. What happened According to a SEC filing dated February 17, 2026, Numerai GP increased its position in Universal Display Corporation (NASDAQ:OLED) by 71,257 shares during the fourth quarter of 2025. The estimated transaction value was approximately $9.24 million, based on the period’s average share price. The fund’s OLED stake ended the quarter at 75,391 shares, valued at $8.80 million. The net position change of $8.21 million reflects both the share increase and market price movement. What else to know Numerai GP LLC’s buy lifts OLED to 1.06% of its 13F assets under management. Top holdings post-filing: NASDAQ:OLED: $8.80 million (1.06% of AUM) NASDAQ: SWKS: $8.72 million (1.05% of AUM) NASDAQ: CBSH: $8.61 million (1.0% of AUM) NYSE: MRSH: $8.00 million (1.0% of AUM) NYSE: BSX: $7.98 million (1.0% of AUM) As of Wednesday, OLED shares were priced at $97.54, down 35% over the past year and well underperforming the S&P 500’s roughly 21% gain in the same period. Company overview Metric Value Price (as of Wednesday) $97.54 Market Capitalization $5 billion Revenue (TTM) $650.6 million Net Income (TTM) $242.1 million Company snapshot Universal Display Corporation develops and commercializes organic light emitting diode (OLED) technologies and materials, supplying proprietary UniversalPHOLED materials and related solutions for dis...
Earnings Call Insights: Acacia Research Corporation (ACTG) Q4 2025 Management View CEO Martin McNulty reflected on Acacia's transformation over the past three years, emphasizing "our goal to preserve your capital while simultaneously building a durable enterprise," noting that the company ended 2025 with about $340 million in cash, securities, and short-term loans receivable compared to $350 milli...
Earnings Call Insights: Acacia Research Corporation (ACTG) Q4 2025 Management View CEO Martin McNulty reflected on Acacia's transformation over the past three years, emphasizing "our goal to preserve your capital while simultaneously building a durable enterprise," noting that the company ended 2025 with about $340 million in cash, securities, and short-term loans receivable compared to $350 million at the end of 2022. McNulty announced full-year revenue of $285.2 million and operated segment adjusted EBITDA of $96.4 million, highlighting successful monetization of legacy assets and ongoing capital preservation efforts. "As a result of these initiatives, I am pleased to report that we sit today with $285.2 million in total 2025 revenue and $96.4 million in 2025 operated segment adjusted EBITDA, including our intellectual property operations." (CEO Martin McNulty) He described a $2 million annualized cost savings expected from consolidating the Portland facility into Dover, Ohio, following $5 million in net proceeds from asset sales and further divestitures within Deflecto. McNulty provided detailed commentary on macroeconomic headwinds, specifically tariff-related challenges and inflation, stating "Deflecto paid approximately $2.4 million in tariffs in 2025, $2 million of which impacted earnings. With the recent court ruling, we do expect a net benefit to our earnings...we do expect relief in 2026." He outlined the performance of key segments, noting Benchmark's continued strong performance and record oil production, the launch of the first drilled Cherokee well, and the Industrial segment's focus on margin optimization. CFO Michael Zambito shared, "Acacia recorded total revenue of $50.1 million during the fourth quarter...GAAP net income attributable to Acacia Research Corporation in the fourth quarter was $3.4 million or $0.04 per share compared to a net loss attributable to Acacia of $13.4 million or a $0.14 loss per share in the prior year period, largely driven...
(RTTNews) - The Switzerland market ended on a weak note on Wednesday, in line with most of the markets across Europe, as the mood turned cautious once again amid rising tensions in the Gulf. Amid the ongoing conflict in the Middle East, Iran has reportedly issued a threat to US tech companies. Iran's Islamic Revolutionary Guard Corps (IRGC)-affiliated Tasnim News Agency published a list of US tech...
(RTTNews) - The Switzerland market ended on a weak note on Wednesday, in line with most of the markets across Europe, as the mood turned cautious once again amid rising tensions in the Gulf. Amid the ongoing conflict in the Middle East, Iran has reportedly issued a threat to US tech companies. Iran's Islamic Revolutionary Guard Corps (IRGC)-affiliated Tasnim News Agency published a list of US tech giants linked to Israel that are allegedly supporting military operations. The development came after Israel reportedly targeted a bank in Tehran. The benchmark SMI, which moved between 12,883.62 and 13,002.04, settled with a loss of 106.60 points or 0.82% at 12,958.59. Sonova ended 3.61% down, and Sandoz Group drifted down 3.5%. Givaudan drifted down nearly 3% and Galderma Group lost 2.3%. Amrize, Julius Baer, Lindt & Spruengli, Roche Holding, Straumann Holding, Swiss Re, SGS, Geberit, Lonza Group and Partners Group lost 1.4%-2%. Several other stocks including Sika, Swiss Life Holding, Schindler Ps and Holcim also ended notably lower. Logitech International gained 0.5%, and Richemont edged up marginally. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In Brief Vibe-coding sensation Replit has hit another funding milestone. The company announced Wednesday that it raised a $400 million Series D at a $9 billion valuation, led by previous investor Georgian Partners. Other participating investors include G Squared, Prysm Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures, and Databricks Ventures. Fo...
In Brief Vibe-coding sensation Replit has hit another funding milestone. The company announced Wednesday that it raised a $400 million Series D at a $9 billion valuation, led by previous investor Georgian Partners. Other participating investors include G Squared, Prysm Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures, and Databricks Ventures. Founder and CEO Amjad Masad also said in a post on X that backers include angel investors Shaquille O’Neal and Jared Leto. This follows the $3 billion valuation the startup hit in September, when it raised a $250 million round. At that time, Replit said it was on track for $150 million in annualized revenue. Replit did not release updated, current ARR figures, but the company told Forbes it hopes to hit annual recurring revenue of $1 billion by the end of the year. While Replit’s recent rise has been meteoric, Masad previously told TechCrunch that it took nine years of grinding — and a controversial decision to pivot from serving professional developers towards non-programs — to find its groove.
Fokusiert/iStock via Getty Images We have maintained a "quality Hold" rating on Casey's General Stores, Inc. ( CASY ), seeing more upside long term in the name as it expands and grows earnings. But we got something wrong , and that is in our last coverage we suggested new money should have waited for a pullback before entering because even though the growth is consistent and stable, it is not wild...
Fokusiert/iStock via Getty Images We have maintained a "quality Hold" rating on Casey's General Stores, Inc. ( CASY ), seeing more upside long term in the name as it expands and grows earnings. But we got something wrong , and that is in our last coverage we suggested new money should have waited for a pullback before entering because even though the growth is consistent and stable, it is not wildfire growth. Moreover, it is really the stretched valuation that led us to such a conclusion. However, no such pullback came, and while we hold the stock and enjoyed the 100-point upside, new money may have been left behind. Looking back, it was the wrong call given the price action of the last few months. But the reasons for such a suggestion were in the best interest of readers. But we got it wrong, at least from a new money perspective. We quite like continuing to hold. While another 100 points higher is not going to shift us into buy mode now for all of the same reasons as before, CASY is a great stock. A powerhouse, really. So, we won't stop anyone from buying here on the momentum, but the valuation does still give us a Hold rating. Long-term, you can invest; near-term, despite the "egg on our face," we remain neutral. In this column we provide an update on performance and an updated fiscal 2026 outlook following the just-reported fiscal Q3 earnings. Let us discuss. Data by YCharts Shares have been running since the calendar turned the page. While there was a rotation underway, the big run-up was surprising. And this comes as Q4 sales missed estimates. Sales were up just 0.5% from last year's $3.92 billion when looking at membership, inside store sales, and the very volatile fuel sales. On the fuel side, we saw same-store fuel gallons tick up just a modest 0.4% compared to last year's comparable quarter, with a fuel margin of $0.41 per gallon. While sales are important on all ends, the profit matters more. Total growth in gross profit in fuel rose 15.3% from a year ago...
Whether with M&A, IPOs or fundraisings, aerospace and defense companies and other owners of military assets are rushing to market at a time when global conflicts are threatening to stifle dealmaking in other sectors. Aaron Kirchfeld, Bloomberg deals executive editor, joins Dani Burger. (Source: Bloomberg)
Whether with M&A, IPOs or fundraisings, aerospace and defense companies and other owners of military assets are rushing to market at a time when global conflicts are threatening to stifle dealmaking in other sectors. Aaron Kirchfeld, Bloomberg deals executive editor, joins Dani Burger. (Source: Bloomberg)
Elon Musk is planning to launch a new payments platform, called XMoney, in beta form to select users in April. In announcing a planned partnership between XMoney and Visa more than a year ago, then X CEO Linda Yaccarino referred to the platform as a so-called "Everything App" — a reference to the kind of all-in-one digital products that combine messaging, social networking, shopping, payments and ...
Elon Musk is planning to launch a new payments platform, called XMoney, in beta form to select users in April. In announcing a planned partnership between XMoney and Visa more than a year ago, then X CEO Linda Yaccarino referred to the platform as a so-called "Everything App" — a reference to the kind of all-in-one digital products that combine messaging, social networking, shopping, payments and other services in a single app, such as China's WeChat. In a brief post on social media Tuesday, Musk, also the chief executive of Tesla and SpaceX, didn't specify when the first users will be offered early access to XMoney, which Musk previously described as a platform "intended to be the place where all the money is." Here's what to know about XMoney. What is it? XMoney, an offshoot of the social media platform X, is designed as a financial payments platform that enables peer-to-peer transactions, similar to services such as PayPal, Venmo or Zelle. As originally conceived, the new tool will let users fund an X-branded digital wallet via Visa Direct, the card issuer's digital payment network, according to Yaccarino's post. Users can also connect their debit card to an XMoney account and make direct payments to other users on the platform. Additional details on the new product are scant. Neither X nor Visa responded to a request for more information about XMoney, including how many people are being invited to test the app. Beam me $100, Scotty Actor William Shatner of "Star Trek" fame teased the preliminary launch of XMoney last month, posting screenshots of his invitation to sign up for the payment app on Instagram, along with Musk's confirmation that Shatner's account would be "activated shortly." Shatner was sharing information about the new app to promote a charitable cause, saying that he would share about 100 invitations to become XMoney beta testers for donations of $1,000 apiece. Where will XMoney be available? XMoney will initially launch in the U.S. and is already...
In January, Novo Nordisk (NVO 0.10%) broke new ground in the weight-loss market by launching an oral version of its famous anti-obesity drug, Wegovy. It's the first oral GLP-1 approved for chronic weight management, and Novo Nordisk hopes it will help it regain market share in this area. While oral Wegovy has so far had a successful launch, another oral GLP-1 could hit the market this year and ecl...
In January, Novo Nordisk (NVO 0.10%) broke new ground in the weight-loss market by launching an oral version of its famous anti-obesity drug, Wegovy. It's the first oral GLP-1 approved for chronic weight management, and Novo Nordisk hopes it will help it regain market share in this area. While oral Wegovy has so far had a successful launch, another oral GLP-1 could hit the market this year and eclipse it. Here's what investors need to know. The leader strikes again Last year, Eli Lilly (LLY 0.51%) posted strong phase 3 results for orforglipron, an oral GLP-1 medicine, in weight management and in helping type 2 diabetes patients lower their A1C levels. Lilly has submitted the drug to regulatory authorities for approval, which could come down during the second quarter, so it's gearing up to launch orforglipron. The company already has about $1.5 billion in inventory, and management said it would be ready to roll it out about a week after approval. Though Eli Lilly is already dominating the weight loss market thanks to Zepbound, orforglipron should help cement its lead. Here are three reasons why. First, as Lilly noted, oral Wegovy is actually expanding the market, not just capturing existing weight-loss patients who were previously taking subcutaneous medicines. Orforglipron, then, could have a similar trajectory, helping the company attract newer patients who were hesitant to start treatment because they didn't like needles, or because the storage requirements of injections were too daunting. Second, orforglipron does not require any food or beverage intake restrictions. By contrast, oral Wegovy must be taken first thing in the morning on an empty stomach, a (seemingly) small detail that could help the newer drug attract a meaningful number of patients. Expand NYSE : LLY Eli Lilly Today's Change ( -0.51 %) $ -5.09 Current Price $ 996.26 Key Data Points Market Cap $945B Day's Range $ 990.58 - $ 1002.93 52wk Range $ 623.78 - $ 1133.95 Volume 48K Avg Vol 3.2M Gross Marg...
Justice Department Moves Forward With Collection Of Complete Voter Rolls Authored by Petr Svab via The Epoch Times (emphasis ours), The Trump administration is using all its legal levers to obtain complete voter rolls , pressing ahead with dozens of lawsuits and investigations in multiple states. An FBI press office worker approaches the Fulton County Election Hub and Operation Center in Union Cit...
Justice Department Moves Forward With Collection Of Complete Voter Rolls Authored by Petr Svab via The Epoch Times (emphasis ours), The Trump administration is using all its legal levers to obtain complete voter rolls , pressing ahead with dozens of lawsuits and investigations in multiple states. An FBI press office worker approaches the Fulton County Election Hub and Operation Center in Union City, Ga., on Jan. 28, 2026. Arvin Temka/Atlanta Journal-Constitution via AP Although some of the lawsuits have been dismissed, criminal proceedings have yielded results. Also, about a dozen states have provided the data voluntarily. The Department of Justice (DOJ), through its criminal and civil rights divisions, has been reaching out to states since May, requesting voter rolls with complete personal information, mainly driver’s license numbers or the last four digits of Social Security Numbers. The department said the information is necessary to determine whether states are complying with federal voter roll maintenance laws. Democratic states have almost uniformly refused to provide the data. Some Republican states also have been wary of submitting the information, usually referring the DOJ to the public version of their voter list with the sensitive information redacted. The Constitution leaves it up to states to organize their elections, but also grants Congress authority to override state election laws. “The Times, Places, and Manner of holding Elections for Senators and Representatives, shall be prescribed in each State by the Legislature thereof; but the Congress may at any time by Law make or alter such Regulations,” reads the Elections Clause. Congress has passed multiple landmark election bills, including the 1993 National Voter Registration Act and the 2002 Help America Vote Act. Both speak to rules for maintaining voter rolls by removing ineligible individuals, such as those who have moved, died, or do not qualify to vote for other reasons. President Donald Trump h...
João Pedro and Cole Palmer were at the heart of Chelsea’s Club World Cup win last summer. Pedro has since hit his stride under Liam Rosenior while Palmer is back after a groin injury but not yet at his best. Jacob Steinberg reckons the pair will be crucial in tonight’s game. Read his piece below. Hello and welcome to another Champions League clockwatch. Tonight we’re following Paris Saint-Germain ...
João Pedro and Cole Palmer were at the heart of Chelsea’s Club World Cup win last summer. Pedro has since hit his stride under Liam Rosenior while Palmer is back after a groin injury but not yet at his best. Jacob Steinberg reckons the pair will be crucial in tonight’s game. Read his piece below. Hello and welcome to another Champions League clockwatch. Tonight we’re following Paris Saint-Germain v Chelsea at the Parc des Princes and Bodø/Glimt v Sporting at Aspmyra Stadion. Chelsea beat PSG 3-0 in the last meeting between the two sides. The fiery final of the Club World Cup ended with João Neves receiving a red card for pulling Marc Cucurella’s hair and Luis Enrique (lightly) slapping João Pedro in the aftermath of the game. Enrique said: “there is no feeling of revenge for us” but I wonder what the players think. Bodø/Glimt have shocked everyone in the Champions League this season. The Champions League debutants were winless in their first six group stage games before historic wins against Manchester City, Atlético Madrid and Inter. Sporting enjoyed a much more straightforward group phase, finishing in the top eight and beating PSG on the way. But can they do it on a cold night in the Arctic Circle? Join me for updates on both games. As always, send me an email with your thoughts. Kick off is at 8pm GMT.
The team news is a tale of two superstar strikers. Kylian Mbappé hasn’t recovered from his knee problem and is missing from the Real Madrid squad altogether. Erling Haaland however is back for Manchester City after being rested in the precautionary style for the FA Cup win at Newcastle last weekend. For the fifth season in a row, Manchester City face Real Madrid in the knockout phase of the Champi...
The team news is a tale of two superstar strikers. Kylian Mbappé hasn’t recovered from his knee problem and is missing from the Real Madrid squad altogether. Erling Haaland however is back for Manchester City after being rested in the precautionary style for the FA Cup win at Newcastle last weekend. For the fifth season in a row, Manchester City face Real Madrid in the knockout phase of the Champions League. Real have had the best of it during this sequence, winning in last season’s play-offs, the 2024 quarters and the 2022 semis … but City did emerge victorious in the 2023 semis, in some style, with a four-goal thrashing at the Etihad, and there’s also the small matter of the come-from-behind win at the Bernabeu during this season’s league phase. Tot everything up historically – five wins apiece from 15 meetings, City leading the aggregate score 26-25 – and this relatively modern rivalry is closely contested. Here comes the next chapter, then; good luck calling it. Kick-off is at 8pm GMT. It’s on!
金正恩偕女兒視察軍工廠 測試新型手槍 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】北韓領袖金正恩視察軍工廠生產情況，親自試驗新型手槍。 金正恩視察軍工廠期間到室內射擊場射靶，測試新型手槍性能，其女兒金主愛及其他...
金正恩偕女兒視察軍工廠 測試新型手槍 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】北韓領袖金正恩視察軍工廠生產情況，親自試驗新型手槍。 金正恩視察軍工廠期間到室內射擊場射靶，測試新型手槍性能，其女兒金主愛及其他隨行軍官亦有開槍試驗。金正恩滿意研發成果，又在辦公室內檢驗機槍，稱輕型武器生產對加強軍隊、社會安全及民間武裝力量非常重要，指示提高技術裝備水平，保質量產各種武器。他預告下月召開的中央軍委擴大會議會審議新一個五年計畫，各軍工廠的現代化項目預算。
What Happened? Shares of enterprise software giant Oracle (NYSE:ORCL) jumped 9.3% in the afternoon session after the company reported first-quarter financial results that exceeded Wall Street's expectations. The company’s revenue grew 21.7% year-over-year to $17.19 billion, while adjusted earnings per share came in at $1.79, both topping analysts' forecasts. Investors were also encouraged by the c...
What Happened? Shares of enterprise software giant Oracle (NYSE:ORCL) jumped 9.3% in the afternoon session after the company reported first-quarter financial results that exceeded Wall Street's expectations. The company’s revenue grew 21.7% year-over-year to $17.19 billion, while adjusted earnings per share came in at $1.79, both topping analysts' forecasts. Investors were also encouraged by the company's remaining performance obligations (RPO), a measure of future contracted revenue, which stood at an impressive $553 billion. Furthermore, Oracle issued upbeat guidance for the upcoming quarter, projecting adjusted earnings per share of $1.98, which was above analyst expectations. Is now the time to buy Oracle? Access our full analysis report here, it’s free. What Is The Market Telling Us Oracle’s shares are very volatile and have had 26 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 22 days ago when the stock dropped 4% on the news that investor fears over artificial intelligence disrupting the software industry sparked a broad sell-off. The anxiety stemmed from the rapid adoption of new 'agentic AI' tools, which some investors believed could dismantle traditional Software-as-a-Service (SaaS) business models. This 'AI Panic' led to indiscriminate selling across the sector. The market move reflected growing concerns about the downside of the AI boom for established software companies. Oracle is down 17.3% since the beginning of the year, and at $161.82 per share, it is trading 50.7% below its 52-week high of $328.33 from September 2025. Investors who bought $1,000 worth of Oracle’s shares 5 years ago would now be looking at an investment worth $2,401. WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. Th...
Dennis Diatel Photography/iStock Editorial via Getty Images Ripple, whose offerings include XRP ( XRP-USD ) and RLUSD ( RLUSD-USD ) tokens, has launched an up to $750M share buyback program that values the crypto firm at $50B, Bloomberg News reported on Wednesday. The company plans to run the tender offer to buy back shares from investors and employees through April, people familiar with the matte...
Dennis Diatel Photography/iStock Editorial via Getty Images Ripple, whose offerings include XRP ( XRP-USD ) and RLUSD ( RLUSD-USD ) tokens, has launched an up to $750M share buyback program that values the crypto firm at $50B, Bloomberg News reported on Wednesday. The company plans to run the tender offer to buy back shares from investors and employees through April, people familiar with the matter told the news outlet. In November, Ripple had raised $500M at a $40B valuation in a new funding round. The fundraising was structured as new common equity. Ripple's native crypto XRP has lost ~26% of its value year-to-date, and RLUSD, its stablecoin pegged to the U.S. dollar, is also trading in the red. The financial technology company is said to have previously attempted to buy back ~$1B in shares at a $40B valuation but saw low participation from employees. More related to Ripple XRP Price Retreats To $1.48 As Sellers Fade Rallies Below $1.50 ETH, XRP And SOL Outlook: Altcoins Struggle To Bounce XRP Stabilizes Near $2.1 As Recovery Lacks Strength (Technical Analysis) Trump meets Coinbase CEO, criticizes banks over stalled crypto bill - Politico Crypto funds record outflows of $1.7B last week: report