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Today In Payments: Apple Seeks Punitive Damages Against Epic; Boston Telemedicine Company Amwell Prices IPO

PYMNTS

Boston Telemedicine Company Amwell Prices IPO. Amwell, the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. But simply enabling consumers to shop online doesn't cut it when they want to pick up and inspect products at physical stores.

Boston 131
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Simon Property Group Looks To Raise $300 Million For Shell Company

PYMNTS

Mall owner Simon Property Group has formed a “blank check” company to go on the hunt for “a company or assets with significant growth potential and prospects.” The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales.

Groups 139
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DraftKings To Merge, IPO At A $3.3B Market Value

PYMNTS

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

Las Vegas 130
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Private Equity Firm Advent To Buy 75 Pct Stake Of UK Parcel Deliverer Hermes In $1.3B Deal

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Boston-based Advent International , a global private equity firm focused on overseas buyouts, has purchased a stake in the United Kingdom’s parcel delivery group Hermes for 1 billion euros ($1.3 The goal for Advent is to profit on the surge in online sales. It will also take a 25 percent stake in its German business.

Boston 141
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How technology improves valuation practice productivity

Abrigo

Have you purchased anything online recently? One study by The Boston Consulting Group estimated that small and midsize U.S. One of the major benefits of technology is that it enables users to write a report while working through the income, market or asset approach. Reducing the IT burden.

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Future Tech Comes To eCommerce

PYMNTS

Innovations in 3D and augmented reality (AR) eCommerce are leveling the playing field and bringing conversion-centered visual technology to any online retailer. It’s generally agreed that Warby Parker’s usage of online frame fitting is one of the first scalable usages for 3D visual technology.

Retail 259
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Alibaba Offers Global Trade Program For SMBs

PYMNTS

Doing business online is the bridge for American small businesses through this crisis and into the next decade,” said John Caplan, president of Alibaba.com for North America and Europe. trillion global B2B e-Commerce market,” he said, in a Tuesday (June 2) press release. based B.A.A.B.S.

Kansas 143