Dell-owned Pivotal Software raises $555 million in IPO
Pivotal Software Inc., owned by Round Rock-based Dell Technologies Inc., raised $555 million Friday in its initial public offering.
Shares of the the San Francisco-based cloud-computing company climbed nearly 5 percent in their first day of trading to close at $15.73 apiece.
Pivotal (NYSE: PVTL) on Thursday night had priced its 37 million shares at $15 a pop for a market cap of $4.3 billion.
The new stock had an exciting debut on the Big Board, climbing as high as $16.58 per share at the open…
Bill would allow limited-service banks for cannabis businesses
A bill before the California Senate would seek to create limited-service banks and credit unions for the cannabis industry, which is largely banned from using the regular banking system.
Senate Bill 930, which would allow marijuana businesses to write special checks to pay some of their businesses expenses, was approved on a unanimous vote by the Senate Bank and Financial Institutions Committee on Wednesday. The legislation was introduced in January by Sen. Robert Hertzberg, D-Van Nuys.
Under the…
Fifth Third CEO: Columbus at the ‘top of our list’ to grow market share
Columbus is a top priority for Fifth Third Bank as the Cincinnati-based company looks to grow, CEO Greg Carmichael said during an interview with Columbus Business First, in which he and the market's top executive also discussed the future of branches, the bank's acquisition strategy and more.
Carmichael, CEO of Cincinnati-based Fifth Third Bancorp (NASDAQ: FITB) since 2015, said the bank's recent growth in Central Ohio has encouraged him that this is a city where it can leverage its market share.
“We're…
Why KeyBank decided to sell its insurance business
KeyBank CEO Beth Mooney said the company decided to sell the insurance division it acquired from First Niagara Financial Group Inc. because it would have been “a hard thing” to expand it across the entire 15-state footprint.
Boston investor buys downtown San Jose trophy tower for $101.5 million
The deal closed at a nearly $20.55 million markup from three years ago, highlighting the strengthening downtown San Jose commercial real estate market as tech companies continue to flock to and expand in the area.
Longs Drugs opening Makaha store, preps to start on new Nanakuli shopping center
The 18,130-square-foot Longs Drugs store is opening this weekend in the old Cornet building at the Makaha Gateway center at the corner of Farrington Highway and Makaha Valley Road.
Austin real estate startup wins more than $25K at pitch contest for veteran-run businesses
Eighteen startups founded by former military members competed April 13-14 in the 2018 Veterans Business Battle at Rice University in Houston — and one from Austin left with quite a few cash and noncash prizes.
Tenavox Corp. won $25,000 from the Houston chapter of the Entrepreneurs’ Organization; a $500 cash prize with the potential of an investment offer from Houston-based Amegy Bank; and a mentorship package with an opportunity of extended financing by the women’s investment group nCourage…
Zillow sees ‘big opportunity’ in plan to flip houses; others are skeptical
There's a thin margin to be made in flipping individual homes, but Zillow Chief Marketing Officer Jeremy Wacksman said it will add up when done on a large scale.
Judge rules in favor of Petworth gas station owner who wants to redevelop property
A judge for the U.S. District Court for D.C. on Friday sided with the owner of a Shell gas station who wants to redevelop the property into a 57-unit residential project in Petworth.
The decision by Judge James Boasberg comes three months after owner John Formant filed a lawsuit against city officials over legislation that prohibits stations from being redeveloped into other uses.
Boasberg ruled that Formant has a viable claim that the government effectively took his gas station property at 4140…
Deal of the Week: One of NM’s largest general contractors just got bigger
The contractor adds senior living communities and industrial facilities to its capabilities with the acquisition.