Old. Just moving it into Loop thread.
Looking into Loop Capital crumbs.
Facebook adds women, minority-owned banks for IPO
reuters.com/article/us-facebook-ipo/facebook-adds-women-minority-owned-banks-for-ipo-idUSBRE8271A920120308
The No. 1 online social media network, which filed an amended IPO registration statement with the U.S. Securities and Exchange Commission on Wednesday, has hired 31 banks as underwriters for its $5 billion IPO, expected to value the company at up to $100 billion
Among the women- and minority-owned firms included in the deal are New York-based banks CastleOak Securities, Williams Capital Group and M.R. Beal & Co, and Chicago-based Loop Capital Markets.
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The addition of these firms comes after Facebook was criticized by the California State Teachers’ Retirement System for not including women on its board of directors. CalSTRS, the second largest pension fund in the United States, holds some ownership in Facebook and expects to be a public shareholder.
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Women- and minority-owned investment banks have been underwriting more equity deals in recent years. They helped underwrite 20 IPOs in 2011 that raised $1.5 billion, almost double the amount raised in 2007, according to data from Thomson Reuters.
In 2010 Congresswoman Maxine Waters, a Democrat from California, spoke out against General Motors’ decision not to include any underwriters from minority- or women-owned financial institutions. The Detroit automaker eventually added a handful of these banks as underwriters.
Facebook sets IPO share price at $38: $104 billion valuation
zdnet.com/article/facebook-sets-ipo-share-price-at-38-104-billion-valuation/
Facebook Inc (FB) a Buy Despite Recent Troubles: Loop Capital Markets
smartstocknews.com/29106-facebook-inc-fb-a-buy-despite-recent-troubles-loop-capital-markets/
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Facebook has taken steps to re-adjust its ad measurement metrics and has also launched an initiative to fight the spread of fake news on its platform. The company has been heavily targeted by criticism that it affected the US elections.
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Loop Capital Markets reiterate their Buy rating.
Iris Schumer and NY was the Senior Vice President of the New York State Urban Development Corporation and appointed commissioner of NY DOT.
Ticket to Ride: Cuomo’s 6 biggest transportation projects – and how much further they need to go
cityandstateny.com/articles/policy/infrastructure/andrew-cuomo-transportation-projects.html#.WlQuAUxuL4g
Magic Johnson stepped down from Square’s board to focus on his new infrastructure fund
qz.com/684212/magic-johnson-stepped-down-from-squares-board-to-focus-on-his-new-infrastructure-fund/
Magic Johnson's Infrastructure Firm Invests in LaGuardia Airport Renovation
dnainfo.com/new-york/20170808/east-elmhurst/magic-johnson-jlc-loop-capital-laguardia-gateway-airport-investment
Annenberg Foundation Challenge
List among final Board of Directors of the Chicago Annenberg Challenge in 2001:
Jim Reynolds, Jr., co-founder, chairman and CEO of Loop Capital Services
Barack Obama was elected by the Board of Directors as founding chairman and president of the Chicago Annenberg Challenge (1995–1999), resigned as chairman and president in September 1999 to run as a candidate in the 2000 Democratic primary for the 1st Congressional District of Illinois, and was succeeded by Edward Bottum (1999–2001).
democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7368253
List among final Board of Directors of the Chicago Annenberg Challenge in 2001:
Jim Reynolds, Jr., co-founder, chairman and CEO of Loop Capital Services.
Interestingly, FactCheck.org, supposedly, is a nonprofit, non-partisan, website that describes itself as a "consumer advocate for voters that aims to reduce the level of deception and confusion in U.S. politics". It is funded primarily by the Annenberg Foundation.