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Finance

Providing perspective and contextual insights on the monetary aspects of the Finance industry within the state of Utah, from Banking to FinTech and from venture capital to cryptocurrency.

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

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.

With a Likely Eye on its Future Valuation, Thoma Bravo-controlled Instructure Announces its $795 Million Acquisition of Parchment

With a Likely Eye on its Future Valuation, Thoma Bravo-controlled Instructure Announces its $795 Million Acquisition of Parchment

The cash and debt acquisition is expected to close in the first quarter of 2024 and will combine two industry leaders into a compelling EdTech platform with offerings that stretch from K-12 to HigherEd and business, while covering transcripts, certifications, trainings, and more. On the same day it disclosed financial

In a Surprising Move, Jonathan Johnson has Stepped Down as CEO and Board Member of Beyond, the Formerly Named Overstock.com

In a Surprising Move, Jonathan Johnson has Stepped Down as CEO and Board Member of Beyond, the Formerly Named Overstock.com

Monday should have been a banner day for Jonathan Johnson, 6 November 2023 to be specific. In under five months (in his role as CEO of Midvale, Utah-based Overstock.com), Johnson had engineered * The early June acquisition of the digital assets and intellectual property of Bed Bath & Beyond out

Texas Instruments Proves it's Quite Serious as it Breaks Ground on its $11 Billion Fabrication Plant in Lehi, Utah

Texas Instruments Proves it's Quite Serious as it Breaks Ground on its $11 Billion Fabrication Plant in Lehi, Utah

With first production slated to start in 2026, TI expects its two semiconductor fabrication plants in Lehi will produce millions of analog and embedded processing chips daily once full production begins later this decade. It's one thing to tell the world you're going to do something,

Utah's Top 15 Noteworthy Business "News Nuggets" from the 2nd, 3rd, and 4th Full Weeks of October 2023

Utah's Top 15 Noteworthy Business "News Nuggets" from the 2nd, 3rd, and 4th Full Weeks of October 2023

The weeks in question are 8—14 October 2023, 15—21 October 2023, and 22—28 October 2023. AUTHOR'S NOTE: Sometimes, regardless of what you do, deep desires collide head-on with the demands of daily life. That's been my life for the past several weeks as

RevRoad Capital Raises $61 Million for its Debut Fund, with a Primary Focus on Seed Round Investments in Utah Firms

RevRoad Capital Raises $61 Million for its Debut Fund, with a Primary Focus on Seed Round Investments in Utah Firms

In the worst fund-raising environment of the past decade*, Provo, Utah-based RevRoad Capital has formally launched its first fund, RevRoad Capital 1 (RRC1), with a total of $61 million in investable capital raised. Formally launched in July 2022 by four co-founders as a sister company to Provo-based RevRoad (a "

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

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