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From: Julius Wong3/22/2021 3:30:27 PM
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Longview Acquisition Corp. II inches up after IPO even as sister SPAC’s gains top 80% (update)
Mar. 19, 2021 11:30 AM ET Butterfly Network Inc - Class A (BFLY) By: Jerry Kronenberg, SA News Editor 1 Comment

Hedge fund Glenview Capital Management’s second SPAC inched up Friday on its first trading day since going public even as the firm’s first special purpose acquisition company continued to enjoy 80%+ gains.

Longview Acquisition Corp. II (LGV.U) rose 0.1% to close at $10.01 on the New York Stock Exchange after raising an upsized $600M through an initial public offering.

The IPO comes as Butterfly Network (NYSE: BFLY), a medical-imaging company that sister SPAC Longview Acquisition Corp. I bought in February, gained as much as 5.4% intraday before closing at $18.12, up 1.1% on the day.

BFLY, which took over Longview Acquisition Corp. I’s New York Stock Exchange listing when the deal closed, has risen more than 80% since the companies announced their merger in November.

Butterfly jumped 16.9% in a single session on Feb. 17 after Ark Investment Management's Cathie Wood said in an interview that she liked the stock.

As for Longview Acquisition Corp. II, the new SPAC sold investors 60M investment units at $10 apiece, each consisting of one Class A share and 0.2 warrants* entitling holders to a buy a second share in future at $11.50.

Glenview upsized the IPO from the 50M units that the SPAC originally planned to offer.

The SPAC wrote in an S-1 filing with the U.S. Securities and Exchange Commission that “while we may pursue an acquisition opportunity in any business … we intend to focus on the industries that align with the background of the sponsor, with a particular emphasis placed on the healthcare sector.”

Other possible target areas include industrials, consumer, media, technology and technology services, according to the S-1.

The new SPAC’s units are trading on the New York Stock Exchange under the symbol "LGV.U." Its shares and warrants will also eventually list separately as “LGV” and “LGV.WS,” respectively.

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From: Sun Tzu3/22/2021 7:45:22 PM
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Does anyone here know if there are any public companies in the NFT space?

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To: Sun Tzu who wrote (6229)3/22/2021 10:31:01 PM
From: Sultan
   of 6784
 
I know of only one.. TKAT .. That too I am not 100% sure but look at the trading and draw your conclusion..

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To: Sultan who wrote (6230)3/22/2021 11:10:33 PM
From: Sun Tzu
   of 6784
 
My understanding is that TKAT sells art via NFT but that they are no involved in it. Am I mistaken?
I am looking for companies that actually maintain the network and/or have a stake in NFT platforms.

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To: Sultan who wrote (6230)3/22/2021 11:38:16 PM
From: Sun Tzu
   of 6784
 
Let me ask the question differently: If I am a business, say TKAT, I have to be using some software to sell my stuff as an NFT. Who makes that software and maintains the network?

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To: Sun Tzu who wrote (6232)3/24/2021 7:25:36 AM
From: Aladdin Sane
3 Recommendations   of 6784
 
Maybe some ideas financemagnates.com

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To: Aladdin Sane who wrote (6233)3/24/2021 8:07:17 AM
From: Sun Tzu
   of 6784
 
Thank you!

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To: Sun Tzu who wrote (6232)3/24/2021 9:50:21 PM
From: Julius Wong
2 Recommendations   of 6784
 
We're on a mission to bring blockchain to a billion people
alchemyapi.io

Why Use Alchemy?
docs.alchemyapi.io

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From: Julius Wong3/28/2021 10:29:14 AM
2 Recommendations   of 6784
 
Tanker stocks surge as Suez blockage hoists freight rates
Mar. 26, 2021 1:51 PM ET Nordic American Tankers Limited (NAT) By: Carl Surran, SA News Editor 13 Comments

Tanker stocks are extending their gains thanks to the continued blockage of the Suez Canal, as the chaos is expected to raise transportation rates.

Gainers are led by Nordic American Tankers ( NAT +14.2%), where a board member also bought 50K shares at $3.69 each.

Also: TK +11.9%, FRO +6.8%, DHT +5.3%, TNK +5.2%, EURN +4.2%, DSSI +3.8%, STNG +2.9%.

Freight rates have jumped 20% for large LR2 oil product tankers traveling from the Mediterranean in mid-April, as vessel supply continues to decline, according to Bloomberg, citing Torm A/S, one of the world's largest owners of oil product tankers.

The TC1 shipping index benchmark for LR2 vessels from the Middle East to Japan has climbed by a third since last week to WS 137.5, thanks to a slim number LR2 vessels in the region available to load before April 12.

At least four LR2 tankers that might have been headed towards Suez from the Atlantic basin are now likely evaluating a passage around the Cape of Good Hope, Braemar ACM says.

The Suez blockage could cause a significant impact on the market for liquefied natural gas, potentially delaying delivery to Europe of ~1M metric tons of LNG if the blockage lasts for two weeks.

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From: Julius Wong3/29/2021 9:15:17 AM
2 Recommendations   of 6784
 
ArcelorMittal raises flat steel price offers for third time this month - Platts
Mar. 26, 2021 2:38 PM ET ArcelorMittal (MT) By: Carl Surran, SA News Editor 18 Comments

Steel stocks are marching higher as ArcelorMittal ( MT +7.0%) raises prices for hot-rolled coil offers to €900/mt and hot-dipped galvanized offers to €1,500/mt across Europe, S&P Global Platts reports.

The fresh increase from €850/mt for HRC and €970/mt for HDG is the third this month and comes just a week after the last price hike, as Europe continues to cope with demand that is outpacing supply and no cheap import offers.

Also: X +8.2%, CLF +6.9%, NUE +6.6%, STLD +4.8%, SLX +3.4%.

Steel supply and demand have been off balance since Q3 2020, as rising demand after pandemic-related closures outpaced the mills' ability to ramp up.

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