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Slimmed-Down Albertsons IPO Raises $800M

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Albertsons’ IPO is the culmination of a saga that began in 2006 when private equity firm Cerberus Capital Management took a major position, with plans to grow the chain into one of North America’s gargantuan power grocers. billion fundraise once anticipated. Shares rose some 1 percent to $16.18 shortly before noon ET.

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Petco Files For IPO As Demand For Pets Surges During Pandemic 

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Digital rival Chewy has seen its shares go up in excess of 150 percent this year, with a market value of $30.3 Founded in 1965, Petco was last publicly traded in 2006. In 2015, the company mulled going public again but instead was acquired by CVC Capital Partners and Canadian Pension Plan Investment Board for $4.6

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PepsiCo To Expand Energy Drink Share With Rockstar Acquisition

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The move comes as Pepsi and Coca-Cola have both been moving into the energy drinks market, CNBC reported. Energy drinks comprise 92 percent of the total energy market. Separately, Pepsi spent $705 million to acquire Be & Cheery , a Chinese company that sells online snacks, per reports in February.

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1stdibs Notches $76M In Funding Round

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Other participating investors included prior backers Benchmark, Spark Capital and Index Ventures, according to reports. The company now reportedly has a valuation of more than $500 million and has taken in $170 million in venture capital funding. investments. However, the company doesn’t speak to only one audience with its content.

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Top News In Payments: Google Play Bans High-Interest Loan Services; Thoma Bravo To Buy Sophos

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The public market for cannabis is off by over 40 percent, even with the space’s blazing forecast and enthusiastic quarterly reports. Brian Athaide, chief executive of Toronto marijuana grower Green Organic Dutchman Holdings , told the WSJ , “The capital markets have dried up.” Cannabis Firms See Share Prices Nosedive.

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Saks Owner Hudson’s Bay Shareholders Make Bid To Take Firm Private

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billion Canadian dollars, exiting the German market while staying in the Netherlands (with an eye on revamping operations there). billion buy of Lord & Taylor in 2006, the public debut of Hudson’s Bay as a public company in 2012, and the acquisition of Saks Fifth Avenue in 2013. billion Canadian dollars.

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Facing Tougher Times, Prosper Marketplace Is Making Deep Staff Cuts

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According to Wall Street Journal reports, the online lender is shedding 28 percent of its staff and rearranging its executive team. He wrote in an email regarding the coming changes: “With the recent tightening of the capital markets, we are refocusing on our core consumer loans business.”. All in, 171 jobs will be cut.