Anonymous ID: 2eb1a1 Oct. 7, 2020, 5:47 a.m. No.10962336   🗄️.is 🔗kun

DraftKings prices 32 million share offering at $52 a share

 

Fantasy sports and online betting site DraftKings Inc. DKNG, -6.22% said Wednesday it has priced a previously announced offering of 32 million shares at $52 a share. The company is selling 16 million shares, while selling shareholders are selling another 16 million, for a total offering size of $1.664 billion. DraftKings will not receive any of the proceeds from the shares being offered by selling shareholders. Underwriters Credit Suisse and Goldman Sachs have a 30-day option to acquire up to 4.8 million additional shares. Shares fell 3.7% in premarket trade, but have gained 431% in the year to date, while the S&P 500 SPX, -1.39% has gained 4%.

https://www.marketwatch.com/story/draftkings-prices-32-million-share-offering-at-52-a-share-2020-10-07

additional

BofA Securities, Morgan Stanley, UBS Investment Bank, Canaccord Genuity, Evercore ISI and Oppenheimer & Co. Inc. are also acting as joint passive bookrunners for the offering. Craig-Hallum Capital Group, Deutsche Bank Securities, Macquarie Capital, Needham & Company, Northland Capital Markets, Rosenblatt Securities, The Benchmark Company, Truist Securities and Wolfe Capital Markets and Advisory are acting as co-managers for the offering.

https://www.marketscreener.com/quote/stock/DRAFTKINGS-INC-61175285/news/DraftKings-Announces-Pricing-of-Public-Offering-of-Class-A-Common-Stock-31496938/

 

raw filing list here

https://www.sec.gov/Archives/edgar/data/1772757/000110465920112736/0001104659-20-112736-index.htm

Anonymous ID: 2eb1a1 Oct. 7, 2020, 6:07 a.m. No.10962526   🗄️.is 🔗kun

Turkish lira hits record low on geopolitical concerns

The currency has lost 24% of its value this year on worries over the central bank’s depleted forex reserves, costly interventions in the currency market, and geopolitical issues. The lira TRYTOM=D3 hit a record low of 7.8850 against the U.S. currency, weakening from a close of 7.8050 on Wednesday. By 1232 GMT it stood at 7.8800. Concerns over possible U.S. sanctions resurfaced after Bloomberg reported on Tuesday that Ankara would begin testing the Russian S-400 missile defence system. Tensions with the EU, meanwhile, appeared to rise after President Tayyip Erdogan said on Tuesday decisions at an EU summit last week over disputes including maritime claims in the eastern Mediterranean had been insufficient to resolve disagreements.

 

Erdogan and a Turkish Cypriot leader also announced the partial reopening of a Cypriot resort abandoned since the 1974 invasion by Turkey. This drew condemnation from Greece and the Greek Cypriot government. “The EU-related concerns over geopolitical tensions decreased in recent days due to a move towards dialogue. But as of this week, an increase in tensions in both Azerbaijan and the EU can be observed,” a banker said. Fighting between Azerbaijan and Armenian forces in Nagorno-Karabakh is at its most intense in 25 years. Ankara’s backing for Baku has set Turkey apart from other big nations, alarming NATO allies who seek a ceasefire. Investors were also assessing the Treasury’s first eurobond issue since February. Despite the tensions and financial market turbulence, Turkey sold a $2.5 billion 5-year eurobond on Tuesday that gave buyers 6.4% interest. Demand was three times the amount it borrowed, the Treasury said. Turkey has borrowed $6.5 billion from international markets this year, it said, out of a planned $9 billion. Turkey's dollar-denominated bonds weakened, with the April 2043 US900123CB40=TE and February 2045 US900123CG37=TE issues both losing more than 1 cent on the dollar, their biggest daily fall in two weeks, Tradeweb data showed.

 

Five-year Turkey credit default swaps TRGV5YUSAC=MG rose to 511 basis points, up 9 basis points from Tuesday's close, according to IHS Markit.

https://www.reuters.com/article/turkey-currency/update-2-turkish-lira-hits-record-low-on-geopolitical-concerns-idUSL8N2GY24O

 

from March 2019

Turkish watchdogs to probe JP Morgan after lira plunge

https://www.reuters.com/article/us-turkey-banks-idUSKCN1R40OS