WASHINGTON —Wall Street’s watchdog on Wednesday unveiled a draft new rule to enhance blank-check company investor disclosures and to strip them of a legal protection critics argue has allowed the shell companies to issue overly optimistic earnings projections. The move …
Duck Creek Technologies Inc, a software company that serves the property and casualty (P&C) insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects to raise about $375 million. Boston-based Duck Creek, which is …
Nasdaq OMX Group Inc plans to pay out $62 million in cash to firms that lost money in Facebook Inc’s bungled initial public offering in May, modifying an earlier plan that drew intense criticism from market makers and other exchanges. …
Nasdaq OMX Group Inc and investors who sued the exchange operator over Facebook Inc’s $16 billion initial public offering have asked a judicial panel to keep their dispute separate from dozens of related shareholder lawsuits. The No. 1 social network …