In Massachusetts, biotech is where the action is at. Companies like Cambridge-based Axcella Health hit the stock exchanges as often as the Red Line has signal problems. So why don’t you hear about them? They’re tiny: Axcella, working on treatments for liver disease, had its Nasdaq debut earlier this month, but it has fewer than 100 employees, and a market capitalization of about $315 million. Compare that with the IPO of Pinterest, which went public in April. It has a market cap of $15 billion, and has created 1,700 jobs. (Pinterest was launched nine years ago; Axcella is 11 years old.) One argument would say that it doesn’t matter. Housing prices are already high enough in Massachusetts, and traffic sclerotic. The state’s unemployment rate is among the lowest in the country. And obviously, if you know someone who suffers from a liver disease that Axcella can treat, that’s going to be the far more important development than allowing you to organize … [Read more...] about Where are all the Massachusetts tech IPOs?
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Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Jon Chesto Globe Staff February 15, 2019 The high-stakes Corporate Incentive Game just became tougher to play.Two of the most prominent headquarters deals of this century took major turns Thursday, twists that will influence the ways in which many state and city leaders handle public incentives for years to come.First, the New York headline: Amazon bailed on its HQ2 plans for Queens amid an uproar over a roughly $3 billion package promised by state and city officials. The Seattle-based retail giant will go ahead with the other half of HQ2 in the D.C. area, put more jobs in Nashville, and expand other outposts. (Boston is among the cities that could be poised to land more Amazon jobs.) Advertisement Then, the Boston bombshell: General Electric made public its decision to sell its future headquarters property in Fort Point, and scale back its plans for the site. … [Read more...] about HQ shifts by GE and Amazon could increase the scrutiny for public incentives
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Larry Edelman Globe Staff February 07, 2019 The stock market is often derided as a casino where we — small investors — are the suckers. I think that’s mostly true, but the New York Stock Exchange and Nasdaq, the two primary US trading venues, also play a vital role in the economy: helping companies owned by private investors raise money by selling shares to the public, a process known as an initial public offering. You may remember when Mark Zuckerberg, then not public enemy No. 1, took Facebook public in 2012, bringing in more than $16 billion in exchange for giving outside shareholders an ownership stake in his company. Zuckerberg & Co. used that IPO money to expand, create jobs, and build a massive machine to profit from our personal data (but that’s a different story). Advertisement So why would one of … [Read more...] about Slack is going public without raising a dime. What gives?
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Trump May Leave Tariffs on China in Place DealBook Supported by Feb. 1, 2019 Good Friday morning. (Was this email forwarded to you? Sign up here .) “At halftime of the Super Bowl of trade relations” President Trump might keep some tariffs on Chinese goods even if Beijing and Washington reach a trade agreement, he told the NYT yesterday, after delegates from both countries wrapped up another round of negotiations. “Without the tariffs, we wouldn’t be talking,” he said in an interview. How were the discussions? According to Mr. Trump’s posts on Twitter, they went well, “with good intent and spirit on both sides.” He hosted the negotiators in the Oval Office and suggested that President Xi Jinping of China was willing to welcome more American … [Read more...] about DealBook Briefing: Trump May Leave Tariffs on China in Place
By Bloomberg | PUBLISHED: January 16, 2019 at 3:25 pm | UPDATED: January 16, 2019 at 7:15 pm John Bogle, who popularized the low-cost index-based mutual fund as founder of Vanguard Group and insisted that most stock-picking money managers weren’t worth the fees they charged, has died. He was 89. He died Wednesday in Bryn Mawr, Pennsylvania, the company announced in a statement. The cause was cancer, according to the the Philadelphia Inquirer, citing his family. He suffered the first of at least six heart attacks at age 31. In 1967 he had a pacemaker installed, and in 1996 he received a heart transplant. By word and example, Bogle proselytized on behalf of patient, long-term investing in a diversified group of well-run companies. He focused his advocacy on index funds, those that buy and hold the broadest mixes of stocks. He cautioned that the pursuit of quick trades and short-term profits typically helped investment advisers more than investors. “The way to wealth for … [Read more...] about John Bogle, Vanguard founder who urged low fees, dies at 89