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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources. Gilbert, owner of the Cleveland Cavaliers and founder of Quicken Loans will retain 79 percent of the voting power of the company’s common stock through controlling entities, the SEC filing shows.

Cleveland 233
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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

This year we expect another year of market-leading growth. Noting that existing Carvana markets grew by 84 percent, he said, “The company’s four oldest markets each more than three years old grew by 50 percent and our oldest cohort of Atlanta grew by 18 percent. New Markets. In 2019, we increased GPU by $750.

Company 130
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Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

And Starbucks has a new investor : Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 Prime Now Grocery pickup, which came to market in August, is now available in eight cities, and Amazon said it has plans for continued expansion.

Retail 116
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ORACLE: Swinging the Bat in Cloud Services

Celent Banking

After three days at OpenWorld, I realized that the real story of interest to banks is Oracle's emerging cloud story, which coupled with its existing core banking applications business puts them in a really interesting position to transform the core banking systems market. Most banks, however, are not Capital One.

Chicago 100
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18 Corporate Innovation Labs In Healthcare

CB Insights

” Here, a team of over 60 professionals in healthcare, design, IT, and project management work around a business strategy called design thinking. This simplifies the prescription filling process for patients and improves pharmacy inventory management. Start small. Johnson & Johnson — Johnson & Johnson Innovation.

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This Week In Insurance Tech: Gojek Rolls Out Online Insurance, Blockchain-Enabled Insurance Tests, AXA Partners with ClassPass

CB Insights

The company offers a commercial real estate management platform and offers a commercial P&C insurance program for portfolios between $500K and $10B in AUM. . Goodcover , a San Francisco-based insurtech, raised a $2M seed round led by Fuel Capital. Obie , a Chicago-based proptech startup, announced it raised $2.8M

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Early-Bird Discount Extended for FinDEVr Silicon Valley

Fintech Labs Insights

Speaking topics will span the fintech spectrum with payments, blockchain, investment, big data, finance and wealth management, security, and more. Personal Capital. Capital One. Federal Reserve Bank of Cleveland. United Capital. Venture Capital Journal. Apex Clearing. AutoGravity. DefenseStorm. Devexperts.