(Reuters) -Shares of Waystar fell 2.3% below their initial public offering price in their Nasdaq Global Select Market debut on Friday, giving the healthcare payments company a valuation of $3.50 billion.
The company's stock opened at $21, slightly below the IPO price of $21.50, which was at the mid-point of its targeted range of $20 and $23.
Waystar, backed by Swedish private equity firm EQT AB and Canadian pension fund giant CPPIB,... (continue reading...)
WASHINGTON (Reuters) - Vietnam has been increasing its dredging and landfill work in the South China Sea, creating almost as much new land as in the previous two years combined, setting the stage for a record year of island-building, U.S. researchers said on Friday.
Since November 2023, when the Washington-based think tank issued its last report, Vietnam has created 692 new acres (280 hectares) of land, compared to 404 acres created in the first 11... (continue reading...)
(Reuters) - Walgreens Boots Alliance has shelved plans for a potential initial public offering of its UK-based Boots drugstore chain as sale talks continue, Bloomberg News reported on Friday citing people with knowledge of the matter.
The pharmacy chain is now exploring other options for Boots and has continued informal talks with potential buyers, including private equity firms, in recent weeks, according to the report.
Deliberations are... (continue reading...)
CAIRO (Reuters) - Yemen's Houthis launched two military operations targeting two vessels in the Red Sea, the Iran-aligned group's military spokesman Yahya Saree said on Friday.
The Houthi militia, which controls the most populous parts of Yemen, has staged attacks on ships in the waters off the country for months in solidarity with Palestinians fighting Israel in Gaza.
The Elbella and AAL GENOA vessels were targeted with "a number of... (continue reading...)
By Jonathan Stempel
(Reuters) - Yelp can pursue a lawsuit accusing a reputation management company of fraudulently advertising its ability to remove "bad" reviews from the business review website.
In a decision late Thursday night, U.S. District Judge William Alsup in San Francisco said Yelp can pursue trademark infringement and unfair competition claims against ReviewVio, which operates as Dandy.
Yelp said ReviewVio's ads,... (continue reading...)
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