After months of planning, Snap — the company behind Snapchat — has officially debuted on the New York Stock Exchange, and things are apparently going well. [More]
going public
Justice Department To Phase Out Use Of Private Prisons
By 8.18.16
Around 15% of the nearly 200,000 inmates in federal custody are housed in privately operated prisons that have come under fire for allegations of poor treatment of prisoners and less stringent security measures — all at a yearly price tag to taxpayers of $639 million. Today, Deputy Attorney General Sally Yates announced plans to phase out the Justice Department’s use of private facilities over the coming years. [More]
Hostess Going Public After Bounce Back From Bankruptcy
By 7.5.16
Is having a box of Twinkies, Ho Hos, or Ding Dongs in the pantry not quite adequate in showing your love for Hostess? If that’s the case, you can have an actual piece of the company, as formerly bankrupt Hostess Brands announced Tuesday that it had reached a deal to take the snack maker public. [More]
US Foods Plans Public Stock Offering After Failed Merger With Sysco
By 2.10.16
Back in 2013, food service giant Sysco proposed a purchase of another foodservice giant, US Foods. After a lengthy engagement, Sysco ultimately dropped the attempted merger, which the Federal Trade Commission wasn’t keen on. Instead of being acquired by a rival, now US Foods wants to hold an initial public offering of its stock to raise more money. [More]
