Utah's Top 10 Monetary, Financial, and/or Business Stories of May 2024
In our opinion, these 10 stories represent Utah's Top 10 Newsmakers in May 2024 across the monetary / financial / business ecosystem.
Hurricane, Utah-based Utah Prep Lands the No. 1 Boys Basketball Prospect in America
AJ Dybansta, the consensus No. 1 boys basketball player in America, has decided to play his final season at Utah Prep in Hurricane, Utah.
Kent Outdoors Lands a $100 Million Credit Facility and Plans to Sell its Kona Bicycles Brand. But What About its Other Non-"Water Sports Businesses?"
Kent Outdoors is trying to sell Kona Bicycles. Fair enough. BUT ... has it also put its two other non-water sports brands up for sale: Arbor Collective and Arctic Shield?
Utah Set a New Record of at Least $39.2 Billion in Equity Deals in 2023 vs. the Previous High of $31.2 Billion Set in 2021, the Latest "Deal Flow Report" Says
M&A activity in Utah in 2023 represented over 91.3% of ALL known equity transactions that occurred in the state last year.
OPINION: The Seven Most Intriguing Startups I Saw at Last Week's Investors Choice Conference
What were the seven most compelling and intriguing businesses that presented during last week's Investors Choice conference? I share my thoughts in this report.
Kinect Capital Welcomes 23 Presenting Companies to this Week's Investor Choice Conference in Salt Lake City
"According to Kinect Capital, its data says that since 2009 Investors Choice alumni firms have raised over $1.2 billion in investment capital while also achieving financial exits of over $10 billion."
The Rumors Were True: The NHL is Coming to Utah
There are two things many mainstream journalists and media outlets got wrong about this deal: 1) Ryan & Ashley Smith did NOT buy the Arizona Coyotes; they bought the hockey assets of the Coyotes; and 2) They bought the rights to an NHL franchise from the National Hockey League.