Slimmed-down share sale darkens outlook for China Evergrande’s cash dash

HONG KONG (Reuters) – China Evergrande Group, the country’s most indebted property developer, on Wednesday said it has raised $555 million in a secondary share sale, settling for half its initial target and sparking a 16% drop in its share price.

FILE PHOTO: The logo of China Evergrande Group is seen in an exterior view of the China Evergrande Centre in Hong Kong, China, March 26, 2018. REUTERS/Bobby Yip/File Photo

To help pay debt, the firm sold 260.65 million shares at HK$16.50 ($2.13) each – the low end of a price range flagged by its bankers in a term sheet when the deal launched on Tuesday.

Evergrande has been scrambling to raise cash as China’s government tackles what it considers excessive borrowing in the real estate development sector with new debt-ratio caps.

Since August, the developer has raised $3 billion in pre-IPO funding for a

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DraftKings Sinks on Share Sale and Virus Wreaking NFL Havoc

(Bloomberg) — The pricing of a DraftKings Inc. share sale combined with a fresh wave of Covid-19 infections across the National Football League sent shares of the online gaming company tumbling Wednesday morning.

The $1.67 billion sale from DraftKings and some early investors was priced at $52 a share, an 8.4% discount to Tuesday’s close and 18% lower than Friday’s record. The initial selloff for Boston-based DraftKings accelerated after players from the New England Patriots, Tennessee Titans, and Las Vegas Raiders tested positive for Covid-19, according to social media posts.

DraftKings shares fell as much as 8.1% at 10:09 a.m. in New York, sending the stock toward its worst three-day decline since its reverse merger in April. Meanwhile, Barstool Sports Inc.-minority owner Penn National Gaming Inc. shook off an initial dip to rise 0.9%.



chart: DraftKings is erasing recent gains after share offering, NFL Covid-19 cases


© Bloomberg
DraftKings is erasing recent gains after share offering, NFL Covid-19 cases

The offering of

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Home Beer Brewing Machine Market Size, Share 2020 Global Growth Insight, Trends, Industry Key Players, Regional Forecast To 2024

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (The Expresswire) —
Global “Home Beer Brewing Machine Market” Report 2020 is a comprehensive, professional report provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market. The Home Beer Brewing Machine market report provides with CAGR value changeability during the forecast period for the market. The report covered key aspects like the existing market conditions, the pace of growth and CAGR in the forecast period.

The Global Home Beer Brewing Machine market 2020 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Home Beer Brewing Machine market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as

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Home Infusion Therapy Services Market 2020 : Growth Analysis By Top Countries Data, Market Size, Share, News, Demand, Segments and Forecast to 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 21, 2020 (The Expresswire) —
“Home Infusion Therapy Services Market”Research Report 2020-2026 provides key analysis on the market status of the Home Infusion Therapy Services manufacturers with best facts and figures, meaning, definition, SWOT analysis, expert opinions and the latest developments across the globe. The Report also calculate the market size, Home Infusion Therapy Services Sales, Price, Revenue, Gross Margin and Market Share, cost structure and growth rate.This report is comprehensive statistical analysis of the Home Infusion Therapy Services with Market data Tables and Figures which spread through 94 Pages and in-depth TOC onHome Infusion Therapy Services Market that provides data for making strategies to increase the market growth and success.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and

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Top Litchfield Park AZ Realtors Share Checklist For Making a Selling House Exterior Impeccable

There is no second chance to make a first impression. A home buyer is going to make an initial decision when pulling into the driveway of a home for sale and make that first impression. It is important that the exterior of the home look as pristine as possible.

Realtors in Litchfield Park, AZ, Matt and Shalin Caren have created a partial list of tips for those who are thinking about selling their home. Their tips represent years of experience in the real estate industry and have been proven time and time again to help sell a home.

“There should be no cars in the driveway or near the home. Park away from the house as this will give the potential buyer the feeling of coming home to their house and not someone else,” said Matt, one of the best Litchfield Park Arizona real estate agents.

The lawn should be

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