August and September may soon be the ideal time to go shopping in Massachusetts. Governor Charlie Baker’s administration recently introduced legislation to establish a Sales Tax Holiday during these months. This plan would be an expansion of the existing tax-free weekend, which takes place in mid-August each … Read More
Is Zevia the Next Beverage Giant? An upcoming IPO seeks to kick sugar to the curb: soft drink maker Zevia plans to go public this year. The California-based company makes zero-calorie beverages that use stevia as a natural sweetener. Last year, the soft drink seller estimated that they held … Read More
Busiest Week for New Public Offerings in Over 17 Years From donuts to ride shares, last week’s IPOs resulted in the busiest week for new public offerings since 2004. Within a week’s time, 14 different companies raised over $100 million each. Investment banks like Goldman Sachs and Morgan … Read More
On June 25, 2021, the IRS released Private Letter Ruling (PLR 202125004), addressing whether a company that would "evaluate, measure, design, fabricate, manufacture, adjust, fit, and service" prescriptions for a third-party healthcare provider is not considered to be engaged in a business involving the performance of services … Read More
Elon Musk, the celebrity-status CEO behind Tesla and SpaceX, is already fielding questions about an IPO for Starlink, a division of SpaceX focused on providing satellite-based internet services. The centibillionaire has replied that the company will need to establish a “more predictable cash flow” before going public … Read More
As we reach the halfway mark through 2021, U.S. IPOs are already hitting an annual record. This year’s initial public offerings already total $171 billion, overshadowing 2020’s record high of $168 billion. The year of 2021 has consistently been moving ahead with longer strides than 2020: the average … Read More
Going public via a Special Purpose Acquisition Company (SPAC) acquisition is quickly becoming one of, if not the main way to IPO. The number of SPAC IPOs rose at a value of 320% from 2019 to 2020. Also, as of April 30, 2021, there were nearly double … Read More
Robinhood Markets’ highly-anticipated IPO has resulted in substantial growth for the financial services company. In March 2020, Robinhood had 7.2 million retail clients, and a year later that number has risen to 18 million. The brokerage now manages an impressive $80 billion in customer assets, many of … Read More
After its impressive launch, the Chinese ride-hailing company Didi Global fell more than 10% on the New York Stock Exchange just two days later. This comes on the heels of China’s cyberspace agency announcing an investigation to assess possible security risks. The company made a statement that … Read More
The Court Ruling That Brought Notice to NYC Corporations A recent New York City ruling regarding capital gains tax is catching the attention of corporations doing business in the city. Back in 2010, a fund owned by investment bank Goldman Sachs sold a hedge fund manager—a financial company … Read More