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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.

Acquisition of Qualtrics is Completed as Firm is "Taken Private" at a Final Value of $4.3 Billion

Acquisition of Qualtrics is Completed as Firm is "Taken Private" at a Final Value of $4.3 Billion

Qualtrics (NASDAQ:XM) is no longer a publicly traded company as Silver Lake and Canada Pension Plan Investment Board (CPP Investments) have acquired the leading "Experience Management" firm. According to my calculations, the per share acquisition price of $18.15/share, coupled with an additional $1 billion investment

Ovation Raises a $4 Million Series A Round of Funding to Help Restaurants Drive the 3 C's: Convenience, Consistency, and Connection

Ovation Raises a $4 Million Series A Round of Funding to Help Restaurants Drive the 3 C's: Convenience, Consistency, and Connection

Ovation has now raised $7.2 million over three financing rounds and currently serves over 3,000 restaurant locations. Why? In large part it's because its AI-powered application helps owners and operators to capture diner feedback of up to 25% and provide them with real-time, actionable data. Lehi,

ANALYSIS: Overstock's $21.5 Million Bet Drives a 22% Pop in its Stock Valuation - In Under 24 Hours

ANALYSIS: Overstock's $21.5 Million Bet Drives a 22% Pop in its Stock Valuation - In Under 24 Hours

With news last Thursday that Bankruptcy Court had approved Overstock's $21.5 million "Stalking Horse Bid" to acquire the assets of Bed Bath & Beyond, the price of OSTK shares jumped from $21.19 to $25.87 in less than a day, boosting Overstock's

Clene Closes a $40 Million Public Offering to Further Fund its Efforts Targeting Several Neurodegenerative Diseases

Clene Closes a $40 Million Public Offering to Further Fund its Efforts Targeting Several Neurodegenerative Diseases

Clene sold 50 million shares of stock, each coupled with two warrants, at a total price of $0.80 per unit. Canacord Genuity served as sole bookrunner on the offering, and after expenses, Clene will receive ~$37.4 million in net proceeds. Salt Lake City-based Clene (NASDAQ:CLNN) closed a

With a $75 Million Donation in Hand, Huntsman Cancer Institute Announces Plans for a 2nd HQ in Vineyard, Utah

With a $75 Million Donation in Hand, Huntsman Cancer Institute Announces Plans for a 2nd HQ in Vineyard, Utah

The Huntsman Cancer Institute has received a $75 million donation dedicated to creating a second headquarters, and related facilities, in Vineyard, Utah. According to the Institute's news release, the $75 million gift was made by the Huntsman Foundation and is "... the largest single gift by the Jon

Lehi's Limble Lands $58 Million Series B Round of Funding Led by Goldman Sachs

Lehi's Limble Lands $58 Million Series B Round of Funding Led by Goldman Sachs

Limble is a leading developer in the computerized maintenance management system Software-as-a-Service application industry. And with this new funding, Limble has achieved a $450 million valuation on year-over-year (YoY) revenue growth of 130% with over 50,000 maintenance professionals using the Limble app today. Lehi, Utah-based Limble has closed a

Rio Tinto Boosts Investment Commitment to $973 Million to Grow Kennecott Copper Mine Output

Rio Tinto Boosts Investment Commitment to $973 Million to Grow Kennecott Copper Mine Output

It's clear the company is starting underground exploration and mining at Kennecott, something it has not done previously.