A Publisher's Rant
Follow the Money.
Farmington-based PACS is Poised to Shock Utah's Biz Community with its $3.1 Billion IPO Slated to Hit Today, Thursday, 11 April 2024
Following the IPO, PACS will have ~148 million shares of common stock outstanding, giving the Utah-based healthcare provider an anticipated market capitalization of ~$3.1 billion.
After Prior Gifts Totaling Over $80 Million, the Huntsman Family has Halted All Donations to the University of Pennsylvania and its Wharton School of Business
In a letter published by alumnus, Jon Huntsman Jr. to UPenn President Magill, the former U.S. Ambassador states that the Foundation "will close its checkbook on all future giving to Penn," donations that have exceeded $80 million to the university and its Wharton School of Business.
In
As Predicted by Utah Money Watch 3 Months Ago, Qualtrics Laid-Off ~780 Employees Yesterday, ~15% of its Workforce
And to be clear, we do NOT think the changes, or employee headcount reductions, are over at Qualtrics.
In a company-wide email sent yesterday, Qualtrics International's CEO, Zig Serafin, announced that the company had
"made the difficult decision to eliminate approximately 780 roles across the company."
The Race to Replace Republican Romney is On.
The battle to become Utah's next U.S. Senator is now wide open, and we expect there to be at least seven serious candidates.
That said, look for this to be the most expensive election in Utah history. In fact, expect total spending in the race to exceed
Mea Culpa: Updating my Story About Swig's Move Into Franchising and Its Coming Transition to Multi-Unicorn Status
AUTHOR'S NOTE: One week ago, 25 August 2023, I published this story on Utah Money Watch: "Swig Lands an Estimated $134 Million in One-Time Revenue as it Sells 250 New Stores to 12 New Franchise Partners."
Unfortunately, several of the underlying financial assumptions included in that
OPINION: The Pac-12 is Brain Dead. All That's Left to do is "Pull the Plug."
Realignment rumors in college athletics are out-of-control today, but indications are that the announcements are imminent.
Specifically, expect the following to happen later today:
1. The University of Arizona and Arizona State University will announce that both are leaving the Pac-12 athletic conference to join the BIG 12 athletic conference