Anonymous ID: 50ea72 June 13, 2019, 4:07 p.m. No.6744726   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Coupa Software Execs/Director(s) sold $26.21m in shares-June 11

 

Cap#1 is today's filing, rest are most recent.

 

 

These sales are part of a debt offering of $805m-in other words off-loading shares to someone else for .125% on unsecured notes.

 

Coupa Declares Closing of Senior Notes Offering Due 2025

 

Coupa Software Inc. COUP recently concluded the previously announced offering of $805 million of convertible unsecured senior notes. The notes are slated to mature in 2025. The notes will be privately offered to institutional buyers qualifying under Rule 144A of the Securities Act of 1933, as amended.

 

The gross proceeds of $805 million consist of the full exercise option of additional $105 million aggregate principal amount given to the initial purchasers. These notes, once placed, will be an unsecured senior liability of Coupa. The interest for which will be paid in arrears semi-annually at a rate of 0.125% per year.

 

Notably, the stock has returned 88.9% on a year to date basis, substantially outperforming the industryโ€™s rally of 34.1%.

https://finance.yahoo.com/news/coupa-declares-closing-senior-notes-130401849.html

 

Coupa Software Incorporated provides a cloud-based spend management (BSM) platform solution that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications. Its spend management suite includes procurement, invoicing, expenses, sourcing, inventory, contract lifecycle management, budgeting, analytics, open business network, supplier information management and storefront. The platform offers features, such as Procurement, Invoicing and Expense Management. Procurement module enables customers to strategically establish spend policies and approval rules to govern company spending. Invoicing module enables customers to improve cash management through the effective management of supplier invoices via embedded dashboards. Expense management module enables customers to gain control of the expenses incurred by employees.

 

Number of employees : 833 people.

https://www.marketscreener.com/COUPA-SOFTWARE-INC-31516068/company/

https://www.finviz.com/quote.ashx?t=COUP&b=2

Anonymous ID: 50ea72 June 13, 2019, 4:22 p.m. No.6744806   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Biden criticizes Amazon for not paying federal taxes in 2018

 

Biden criticizes Amazon for paying $0 in corporate taxes

 

Former Vice President Joe Biden on Thursday criticized online retail giant Amazon for paying nothing in corporate taxes last year, making him the latest presidential candidate to slam one of the most profitable companies over its effective tax rate of below zero.

 

"I have nothing against Amazon, but no company pulling in billions of dollars of profits should pay a lower tax rate than firefighters and teachers," Biden tweeted. "We need to reward work, not just wealth."

A report from the Institute on Taxation and Economic Policy earlier this year found that 60 Fortune 500 companies, including Amazon, avoided paying any federal income taxes in 2018.

 

Amazon, which had $11.2 billion in profits last year, has become a prime target for Democrats seeking to criticize corporate power, potentially anticompetitive practices and dangerous working conditions.

 

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The company has been accused of mistreating warehouse workers, and it's facing multiple lawsuits from former employees who said they were treated inhumanely at the facilities. Amazon has said it treats its workers fairly.

 

Biden jumped into the fray earlier this week, slamming the company at a campaign stop in Iowa on Tuesday.

 

"I've got nothing against Amazon," Biden said. "But they should pay a few taxes, you know what I mean? What happens? It's all you guys. No, I'm serious."

 

In a statement to The Hill, an Amazon spokesperson defended the company's record on taxes.

 

โ€œAmazon pays all the taxes we are required to pay in the U.S. and every country where we operate, including paying $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years," the spokesperson said in a statement. "The government has designed corporate tax law to encourage businesses of all sizes to invest in the U.S. economy to drive growth and create jobs."

 

The spokesperson added that the company invested more than $50 billion and created 45,000 full-time, full-benefit jobs last year.

 

Biden's remark that he has "nothing against Amazon" raised eyebrows, as it comes amid a furious backlash in Washington against the country's top tech giants. Lawmakers and advocates have accused Amazon of wielding its corporate power to the detriment of other companies and workers.

 

Sen. Elizabeth Warren (D-Mass.) has called for the government to break up Amazon, criticizing the company for running an online retail store while also selling products on the platform.

 

"Amazon crushes small companies by copying the goods they sell on the Amazon Marketplace and then selling its own branded version," Warren wrote in a blog post laying out her plans to break up tech companies like Facebook and Google.

 

Sen. Bernie Sanders (I-Vt.) has taken Amazon to task over its working conditions, among other things.

 

The company has also drawn the ire of President Trump, who has insulted CEO Jeff Bezos, who also owns The Washington Post. The president has accused the Post of being biased against him.

 

Earlier this week, Trump accused Amazon of colluding with Democrats to "discriminate" against him.

https://thehill.com/policy/technology/448374-biden-criticizes-amazon-for-paying-0-in-corporate-taxes