During Wednesday’s current trade, New Residential Investment Corp (NYSE:NRZ)’s shares dipped -0.82%, and is now trading at $15.70, today, New Residential Investment Corp (NRZ), declared the pricing of a public offering of 50,000,000 shares of its ordinary stock at a public offering price of $15.25 per share. The size of the offering was upsized from 40,000,000 shares to 50,000,000 shares. The Corporation is selling 21,713,020 shares for gross proceeds of about $331 million. The selling stockholder, Home Loan Servicing Solutions, Ltd. (the “Selling Stockholder”), is selling 28,286,980 shares at the public offering price. The Corporation will not receive any proceeds from the sale of the shares by the Selling Stockholder. As formerly revealed, the shares being sold by the Selling Stockholder were a portion of the consideration paid by the Corporation for its attainment of substantially all of the assets of the Selling Stockholder. The offering is predictable to close on April 13, 2015, subject to customary closing conditions.
In connection with the offering, the underwriters will have an option for 30 days to purchase up to an additional 7,500,000 shares of ordinary stock from the Corporation.
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. The corporation invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, counting the basic fee component of the related MSRs.
Alibaba Group Holding Ltd (NYSE:BABA)’s shares jumped 3.87% during the current trading session Wednesday’s, and is now trading at $85.39.
Today, Alibaba.com, the leading platform for global wholesale trade owned by Alibaba Group (NYSE: BABA), declared that it has collaborated with leading ecommerce platform Bigcommerce to deliver an integrated shopping experience for sourcing products from Alibaba.com’s extensive network of Chinese wholesale suppliers. The Alibaba.com Wholesale solution is right away accessible to Bigcommerce’s 70,000 stores, and online merchants can now access and purchase a collection of more than 30,000 products from about 300 of Alibaba.com’s Gold Suppliers in China with scope to expand to over three million products from thousands of Gold Suppliers.
“Small businesses are the backbone of the global economy and it’s important that we assist them to grow and stay competitive,” said Michael Lee, International Business Development and Marketing Director for Alibaba.com. “This new application provides Bigcommerce merchants with direct access to Alibaba.com wholesale suppliers, offering competitive prices to realize better profit margins.”
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce corporation in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace that focuses on global trade among businesses; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Microsoft Corporation (NASDAQ:MSFT), during its Wednesday’s current trading session dropped -0.42%, and is now trading at $1.36, as Microsoft Corporation (MSFT), will publish fiscal year 2015 third-quarter financial results after the close of the market on Thursday, April 23, 2015.
The corporation will also host the following event for the financial community:
Microsoft Financial Analyst Briefing 2015
Wednesday, April 29, 2015
2:00 p.m. Pacific Time
Microsoft senior administration
Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The corporation’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. Its Computing and Gaming Hardware segment provides Xbox gaming and entertainment consoles and accessories, second-party and third-party video games, and Xbox Live subscriptions; surface devices and accessories; and Microsoft PC accessories.
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