During Monday’s Afternoon trade, Shares of Citigroup Inc. (NYSE:C), gained 1.28% to $56.95.
Citi, acting through Citibank N.A., has been designated by Sodexo S.A. (“Sodexo”), the world leader in quality of life services, as successor depositary bank for its Level 1 American Depositary Receipt (ADR) programme, which trades in the US over the counter (“OTC”) market under symbol “SDXAY”. The ordinary shares are listed on Euronext Paris and trade under symbol “SW”.
Siân Herbert-Jones, Group CFO at Sodexo, commented: “Sodexo has a strong presence in North America delivering services that improve Quality of Life, an essential factor in individual and organizational performance. Sodexo serves 75 million consumers each day through its unique combination of On-site Services, Benefits and Rewards Services and Personal and Home Services in more than 80 countries worldwide. We look forward to working with Citi to enhance the visibility of the Group and access additional investors in the US, thereby increasing liquidity.”
“Citi is delighted to be designated by Sodexo as successor depositary bank for its Level 1 ADR programme,” said Dirk Jones, Global Head of Issuer Services, at Citi. “We look forward to working closely with Sodexo leveraging our unparalleled equity distribution network in the US and providing best-in-class service to the company’s existing ADR holders.”
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of MINDBODY, Inc. (NASDAQ:MB), inclined 8.35% to $12.53, during its current trading session.
MINDBODY, declared the pricing of its initial public offering of 7,150,000 shares of its Class A common stock at a price to the public of $14.00 per share. In addition, MINDBODY has granted the underwriters a 30-day option to purchase up to an additional 1,072,500 shares of Class A common stock to cover over-allotments, if any.
Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and UBS Securities LLC are acting as joint book-running managers for the offering. Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., and JMP Securities LLC are acting as co-managers for the offering.
MINDBODY, Inc. operates a cloud-based business administration software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to manage class and appointment plans, staff members, client information, online bookings, inventory, payroll, and retail sales for yoga, Pilates, barre, indoor cycling, personal training, martial arts, and dance exercise, in addition to spas, salons, music instruction studios, dance studios, children’s activity centers, and integrative health centers.
Finally, CarMax Inc. (NYSE:KMX), lost -1.49%, and is now trading at $68.24.
CarMax, stated record results for the first quarter ended May 31, 2015.
- Net sales and operating revenues raised 7.1% to $4.01 billion.
- Used unit sales in comparable stores raised 4.9%.
- Total used unit sales rose 9.3%.
- Total wholesale unit sales raised 4.7%.
- CarMax Auto Finance (CAF) income raised 15.3% to $109.1 million.
- Net earnings grew 7.3% to $182.0 million. Net earnings per diluted share rose 13.2% to $0.86.
“We had another great quarter, setting all-time records for quarterly sales and earnings,” said Tom Folliard, president and chief executive officer. “Continued strong performances in our used, wholesale and CAF operations, together with the growth of our store base and our ongoing share repurchase program, contributed to our solid results.”
CarMax, Inc., through its auxiliaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, counting domestic and imported vehicles.
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