Novan (NOVN) Prices 4.1M Common Stock IPO at $11/Share, at Low-End of Expected Range
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Novan (NOVN) IPO Continues Higher, Nearly Doubles from IPO Price
September 22, 2016 10:37 AM EDTYesterday's IPO for Novan (NASDAQ: NOVN) continues higher. Shares are up another 19% to $21.57 after surging 65% on its debut Wednesday. The IPO priced at $11 and opened at $14.40.
... MoreNovan (NOVN) IPO Opens Up 31%
September 21, 2016 11:34 AM EDTToday's IPO for Novan (NASDAQ: NOVN) opened for trading at $14.40 after pricing 4,100,000 shares of common stock at a price to the public of $11 per share, the low end of the expected $11-$13 range.
Piper Jaffray & Co. is acting as sole book-running manager... More
Divided U.S. Supreme Court turns to less sensitive IP cases
September 21, 2016 1:05 AM EDTBy Lawrence Hurley
WASHINGTON (Reuters) - Shorthanded and ideologically divided, the U.S. Supreme Court has yet to take up any cases on politically sensitive social issues in its new term starting in October, instead showing a keen interest in more technical cases of importance to business such as disputes over intellectual property.
In addition to four intellectual property cases it has already agreed to hear, the court could as soon as next week take up a trademark battle that pits an Asian-American rock band and the Washington Redskins football team against the U.S. Patent and Trademark Office.... More