IPO raises itself on IPO

In a regulatory filing Monday, the social media company said its debut price is now set between $23 and $25 a share, up from $17 to $20 previously. The company intends to sell 70 million shares in its IPO. At its new price, the company would be valued between $12.8 billion to $13.9 billion.Read More…

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Crown Holdings Reports Concerning Quarterly Results

Crown Holdings reported third-quarter results that were broadly in line with our expectations, but we have increasing concerns about the profit potential of Crown’s operations in Asia-Pacific. For example, through the first nine months of the year, Asia-Pacific segment profit declined $2 million while sales increased $157 million compared with the first nine months of…

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