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Pharmaceutical powerhouse J&J expects to price its Kenvue IPO shares at $20 to $23 for a potential $40 billion company valuation. Johnson & Johnson (NYSE: JNJ) plans to price shares of its upcoming Kenvue Inc IPO between $20 and $23. The initial public offering roadshow constitutes more than $151 million shares of common stock
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The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today. In addition to allegations of market manipulation and a lack of compliance effort, the regulator has also accused the exchange of not cooperating with investigative subpoenas and obscuring the location
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Arthur Hayes, one of the founders of BitMEX, a derivatives exchange, has said that he is prepared to “be more public” about his family office, which is known as Maelstrom. In a post on LinkedIn, Hayes said, “You will see our head of investments, Akshat Vaidya, at conferences globe.” Vaidya worked at
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Riot Platform inc., one of North America’s largest bitcoin (BTC) mining companies, released its 2022 annual financial report indicating a net loss of $509.6 million. According to the annual report released on March 2, the company suffered significant non-cash impairment charges. Non-cash impairment charges are accounting expenses not settled in cash
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With respect to FTX US, the debtors have identified roughly $181 million of digital assets, “$90 million of which was subject to unauthorized third-party transfers post-petition, $88 million of which is in cold storage under the control of the FTX Debtors, and $3 million of which is pending transfer to
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Brett Harrison recently took aim at the dictatorial and bossy nature exhibited by SBF during his time as FTX US President. Former president of FTX US, Brett Harrison, recently detailed his experience working closely with disgraced ex-FTX CEO Sam Bankman-Fried (SBF). Describing SBF as emotionally volatile, amongst other things, in a 49-tweet Twitter thread, Harrison
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Ethereum layer-2 scaling solution Polygon will undergo a hard fork on Jan. 17 in order to address gas spikes and chain reorganizations issues that has affected user experience on the Polygon proof-of-stake (POS) chain. Polygon officially confirmed the hard fork event in Jan. 12 a blog post, which came after weeks
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Andrew Vara, a U.S. Department of Justice official responsible for bankruptcy cases, argued in a separate Tuesday filing to the New Jersey bankruptcy court that “disclosure is a basic premise of bankruptcy law,” needed to avoid any suggestion of impropriety – echoing arguments he has previously made in the case
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The team behind the Raydium decentralized exchange (DEX) has announced details as to how the hack of Dec. 16 occurred and offered a proposal to compensate victims.According to an official forum post from the team, the hacker was able to make off with over $2 million in crypto loot by
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Despite assurances from founder Sam Bankman-Fried, the distinctions between crypto exchange FTX US and its international sibling were no more than superficial, John Ray III, the replacement CEO steering the company through bankruptcy, told lawmakers on Tuesday. Source
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