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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. billion and offered 150 million shares for $20 to $22 each, according to a filing with the Securities and Exchange Commission (SEC). Last month, Gilbert sought an IPO for $3.3

Cleveland 233
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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

There’s arguably no more polarizing macroeconomic issue in the retail world than the fate of the American mall. The problems start with how retailers view and serve the customer. The ability to help our tenants get to the other side of the mandated closures became front and center of our marketing efforts.

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Second Largest US Mall Owner Defaults On Loan Payment

PYMNTS

One such case is that of the Detroit-based Lakeside Mall that has defaulted on a $144 million loan payment. For many years, people thought the retail business in the U.S. billion of retail property loans are set to mature, according to Bank of America Merrill Lynch. The property is operated by the second largest U.S.

US 100
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Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

Some entrepreneurs are inspired to start companies because they spot unmet needs in the market: Frontdesk Co-Founder and Chief Growth Officer Jesse DePinto, for instance, saw the amateur nature of home shares but the opportunity for something better than a hotel. The Market.

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When IoT And The Automotive Industry Collide

PYMNTS

He explained that the automotive industry is the one place where the concepts of IoT can be made very real to the mass market — where they will be able to see it, understand it and really feel its impact. That presents a very real threat, both to market adoption of the technology and also to the individuals in the car,” McCammon stated.

Industry 100
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Alibaba Launches Sales Promotion Day Geared Toward SMBs

PYMNTS

The free service is tailored to the needs of SMBs, providing the assurance of product quality and on-time shipments with secure payment protection, the company said in the release. In recent months, it held its first annual summit in Detroit, Michigan, during which entrepreneurs gathered to learn how to sell to Chinese consumers.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Retail: Shopping goes even more online as grocery joins the e-commerce revolution. Security: Higher internet usage and data generation lead to increased investment. Telehealth technology is estimated to be a $43B market, according to CB Insights’ Industry Analyst Consensus. Remote learning technology. 3D printing.

Industry 101