On Friday, in the course of current trade, Shares of Axovant Sciences Ltd. (NYSE:AXON), dropped -7.99%, and is now trading at $27.51.
Axovant Sciences, declared the pricing of its initial public offering of 21,000,000 common shares at a price of $15.00 per share. The common shares of Axovant Sciences Ltd. have been approved for listing on the New York Stock Exchange and are predictable to start trading under the ticker symbol “AXON” on June 11, 2015. All of the common shares are being offered by Axovant Sciences Ltd. In addition, Axovant Sciences Ltd. has granted the underwriters a 30-day option to purchase up to 3,150,000 additional common shares.
Jefferies LLC, Evercore Group L.L.C. and RBC Capital Markets LLC are acting as joint book-running managers for the offering. JMP Securities LLC is acting as lead manager, and Robert W. Baird & Co. Incorporated is acting as co-manager for the offering.
Axovant Sciences Ltd., a clinical-stage biopharmaceutical company, focuses on the acquisition, development, and commercialization of therapeutics for the treatment of neurodegenerative disorders. It develops RVT-101, a product candidate that plans to commence a Phase III pivotal program for the treatment of Alzheimer’s disease and other forms of dementia.
During an early morning trade, Shares of Alcatel-Lucent (NYSE:ALU), dipped -1.05%, and is now trading at $3.77.
Alcatel-Lucent, and Sequans Communications S.A. (SQNS) are to collaborate on enabling key technologies for the ‘Internet of Things’ by providing the ‘4G Kit for IoT,’ a principal building block in the new Internet of Things prototyping platform launched yesterday by communications operator Orange in order to stimulate interest by the IoT market in 4G connectivity.
The 4G Kit for IoT, declared by Orange at the Futur-en-Seine event in Paris, will be powered by Sequans’ LTE chipset and technical implementation by Bell Labs, the industrial research arm of Alcatel-Lucent.
A limited series of 200 kits will be tested with innovation communities working on IoT projects as part of an effort to foster the creation of wirelessly connected objects, based on 4G and Orange’s network, to deliver novel services. Developers will be able to use the kit to make use of cloud services and mobility to design a new generation of IoT devices, taking full advantage of scalable resources such as remote computing, storage, and advanced services.
Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra- broadband access worldwide. The company’s Core Networking segment offers IP routing, carrier Ethernet, network functions virtualization, and software defined networking applications and infrastructure to meet the challenges of network traffic growth while supporting the delivery of cloud-enabled business, mobile, and residential services for service providers, mobile network operators, cable/multiple system operators, transportation, utilities, and large-scale enterprises.
Finally, New Residential Investment Corp. (NYSE:NRZ), gained 0.03% Friday.
New Residential Investment, declared the commencement of a public offering of 31,486,146 shares of its common stock. Of the total number of shares being offered, 27,935,389 shares are being offered by the Company and the majority of the remainder is being offered by an associate of FIG LLC, which will acquire the shares through the exercise of outstanding options. The underwriters may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase up to an additional 4,722,921 shares of common stock.
New Residential Investment Corp., a real estate investment trust (REIT), focuses on investing in and managing residential mortgage related assets. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments.
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