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Rao"s sauce, Noosa yogurt parent Sovos Brands soars 21% as trading begins after IPO

Sovos Brands Inc. , parent company to pasta sauce brand Rao's and yogurt brand Noosa, soared 20.8% as trading began on Thursday. Shares priced at $12 per share, below the expected pricing range of $14 to $16. The company sold 23.33 million shares in the IPO to raise $280 million. The IPO pricing valued the company at about $1.17 billion. The stock is trading on the Nasdaq under the ticker symbol "SOVO." The company joins a number of others including Remitly Global Inc. and EngageSmart Inc. in opening for trading on Thursday alone. The Renaissance IPO ETF has gained 8.1% for the year to date while the S&P 500 index is up 18.6% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Category: topSource: MARKETWATCH31 min. ago Related News

Gold futures mark lowest finish in over 6 weeks

Gold futures moved sharply lower on Thursday to log their lowest finish in more than six weeks. The loss is "related to a combination of factors centered around investor confidence improving and fear easing," said Colin Cieszynski, chief market strategist at SIA Wealth Management. So far, China property giant Evergrande's problems have been contained, the Federal Reserve is moving toward tapering and at the Bank of England's monetary policy committee vote, there were two "hawkish dissenters" calling for reducing stimulus as well, he said. "A more hawkish trend for central banks improves the value of paper money relative to hard currency like gold." December gold fell $29, or 1.6%, to settle at $1,749.80 an ounce, the lowest most-active contract finish since Aug. 10, FactSet data show.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Category: topSource: MARKETWATCH31 min. ago Related News

What’s the Debt Ceiling and Will the U.S. Raise It?

The U.S. federal debt limit was first conceived more than a century ago to make it easier, not harder, for the government to borrow money. .....»»

Category: topSource: WASHPOST31 min. ago Related News

Dow Jones soars 581 points as investors shrug off Fed tapering signals

U.S. stock indexes continued higher Thursday as investors digested the Federal Reserve’s plans for tapering its asset purchases and raising interest rates......»»

Category: topSource: FOXNEWS43 min. ago Related News

Stadium Trace Village to sell Hilton plots for $2.3M

Kadish said he expects the land sale to close within 30 days......»»

Category: topSource: BIZJOURNALS43 min. ago Related News

Meet Tampa Bay Inno"s 2021 "Fire" honorees lighting up the startup ecosystem

This year has been anything but typical for the Tampa Bay startup ecosystem. There has been a mass amount of exits. There have been larger funding rounds than ever before, garnering larger institutional firms. We've seen more partnerships secured with national giants across an array of industries. We wanted our annual Fire awards — previously known as the Inno on Fire awards — to reflect the current times we're living in. In the past, Tampa Bay Inno has honored 50 companies setting the….....»»

Category: topSource: BIZJOURNALS43 min. ago Related News

Soaring 76 rankings 2021: Greater Philadelphia"s fastest-growing business, Nos. 51-76

See which companies landed in spots No. 51-76 this year......»»

Category: topSource: BIZJOURNALS43 min. ago Related News

Champions of Business honoree Summit Homes shares what sets company apart

The Kansas City Business Journal inducted five companies into the Champions of Business program's Hall of Champions in 2021: Dimensional Innovations, Netsmart, Summit Homes, TVH Parts Co. and Woodley Building Maintenance. Leaders from each company being inducted sat down for a video interview, which was aired during the celebration dinner at the Loews Kansas City Hotel on Sept. 16. Here, you have the opportunity to meet Zalman Kohen, President and COO of Summit Homes, who discusses how his….....»»

Category: topSource: BIZJOURNALS43 min. ago Related News

New tech-focused charter school breaks ground in Beaver County

Construction is now underway on the Midland Innovation and Technology Charter School in Beaver County. The charter school will be housed in the newly built Charles J. Betters Innovation Center, a career technical education high school in Midland. The high school was built on land donated by developer Charles J. Betters of C.J. Betters Enterprises. "I'm proud to be associated with this project, with this school, and with the people from Midland who are making it all happen," Betters said at the….....»»

Category: topSource: BIZJOURNALS43 min. ago Related News

EngageSmart plans new hires after shares soar in $338M IPO

Shares of Braintree's EngageSmart popped over 38% on their first day of trading on the New York Stock Exchange after the company priced its IPO at $338 million late Wednesday. Bob Bennett, CEO of EngageSmart, cited the strength of the public markets and the company's growth over the past years as reasons to go public now. "It really felt like an opportune time for us to pull in some more resources, so that we could fund continued growth in staff," Bennett said in a video call from the Exchange's….....»»

Category: topSource: BIZJOURNALS43 min. ago Related News

American Eagle Outfitters launches premium denim brand AE77

South Side-based fashion retailer American Eagle Outfitters (NYSE: AEO) announced it is launching a new premium denim brand, with the new AE77 based on sustainably sourced organic cotton and marketed off of New York City, with a store and e-commerce site to come. Look for the company to launch its new website for the brand on Oct. 15 with its first store to open soon in the Soho neighborhood of New York and a second store to open by the end of the year. According to its announcement, American Eagle's….....»»

Category: topSource: BIZJOURNALS43 min. ago Related News

Cresa Global plucks familiar Cushman exec as market head

"There's a lot of familiarity with the company itself, so not that much to figure out in terms of who I was joining," he said......»»

Category: topSource: BIZJOURNALS43 min. ago Related News

Soaring 76 rankings 2021: Greater Philadelphia"s fastest-growing business, Nos. 26-50

See which companies landed in spots No. 26-50 this year......»»

Category: topSource: BIZJOURNALS43 min. ago Related News

Sheetz wants 50 Central Ohio shops: Here"s its current count

Sheetz is well on its way toward a goal of 50 stores in the Central Ohio market by 2025......»»

Category: topSource: BIZJOURNALS43 min. ago Related News

Yum Brands" Pizza Hut chain seeks 40,000 workers by the end of the year

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: MARKETWATCH43 min. ago Related News

EngageSmart shares soar 42% in trading debut

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: MARKETWATCH43 min. ago Related News

: Ten-year Treasury rate rises toward 1.4% as spread between 2-year and 10-year yields also goes higher

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: MARKETWATCH43 min. ago Related News

December gold loses $29, or 1.6%, to settle at $1,749.80/oz

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: MARKETWATCH43 min. ago Related News

NVAX Stock: The Big Covid-19 News Sending Novavax Shooting Higher

InvestorPlace - Stock Market News, Stock Advice & Trading Tips NVAX stock is moving up today on plans to distribute its vaccine abroad. Even after failing to file with the FDA, investors are bullish. The post NVAX Stock: The Big Covid-19 News Sending Novavax Shooting Higher appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Analyst Who Found Microsoft at $0.38 Names #1 Pick for the AI Boom America’s #1 EV Stock Still Flying Under the Radar.....»»

Category: topSource: INVESTORPLACE59 min. ago Related News

4 Stocks to Buy for Protection From an Evergrande-Driven Correction

InvestorPlace - Stock Market News, Stock Advice & Trading Tips With markets jittery due to a potential crisis in China, here are four low beta stocks to buy for portfolio protection and dividends. The post 4 Stocks to Buy for Protection From an Evergrande-Driven Correction appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Analyst Who Found Microsoft at $0.38 Names #1 Pick for the AI Boom America’s #1 EV Stock Still Flying Under the Radar.....»»

Category: topSource: INVESTORPLACE59 min. ago Related News