Traders Embrace Risk, Leaving Private Equity's IPOs in the Dust
Consumer shopping behavior data firm NIQ Global Intelligence Plc and education content provider McGraw Hill Inc. are among the year's worst performing debutants to raise more than $400 million over the past year. Five of the seven such deals — KinderCare Learning Cos., Sailpoint Inc., Ingram Micro Holding Corp., NIQ and McGraw Hill — are trading below the prices IPO buyers paid. The median PE-backed IPO is trading 16% below its offer price, compared with a 19% gain for a similar subset of non-PE-backed debuts, according to data compiled by Bloomberg.
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Flex LNG - Launch of Share Buyback Program
HAMILTON, Bermuda, Aug. 20, 2025 /PRNewswire/ -- The Board of Directors of Flex LNG Ltd. ("Flex LNG" or the "Company") authorized a share buyback program that allows the Company to repurchase up to $15 million of its outstanding shares. In furtherance of the program, the Company announces today that it has put in place an agreement with DNB Markets, Inc. and DNB Carnegie, a part of DNB Bank ASA, for the repurchase of the Company's shares in open market transactions on the Oslo Stock Exchange ("OSE") and the New York Stock Exchange ("NYSE"). Repurchases on the OSE will be completed in accordance with the Market Abuse Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052. Repurchases on the NYSE will be made in accordance with U.S. securities laws and regulations, including compliance with the safe harbor provided by Rule 10b-18 promulgated by the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended. The share buyback program will commence on August 20, 2025 and continue through November 27, 2025. The Company may repurchase up to $15 million of its shares, subject also to a maximum limit of 900,000 shares. The shares purchased will be held as treasury shares. The actual timing, number and value of shares repurchased under the repurchase program will depend on several factors, including the manner, timing, and volume restrictions specified in Rule 10b-18, price, general business and market conditions, and alternative investment opportunities. The Company reserves the right to make subsequent changes to the above terms for the program, including shortening, extending and/or replacing the program. The amount utilized for the share buyback program will be treated independently from future dividend consideration, which remains at the discretion of the Board of Directors in accordance with the Company's dividend policy. For further information, please contact: Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management ASTelephone: +47 23 11 40 00Email: ir@ This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the European Market Abuse Regulation. Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "expect," "forecast," "anticipate," "aim," "commit," "estimate," "intend," "plan," "possible," "potential," "pending," "target," "project," "likely," "may," "will," "would," "should," "could" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company's control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. As such, these forward-looking statements are not guarantees of the Company's future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements. The Company undertakes no obligation, and specifically declines any obligation, except as required by applicable law or regulation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the effect of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. In addition to these important factors, other important factors that, in the Company's view, could cause actual results to differ materially from those discussed in the forward-looking statements include: unforeseen liabilities, future capital expenditures, the strength of world economies and currencies, inflationary pressures and central bank policies intended to combat overall inflation and rising interest rates and foreign exchange rates, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the LNG tanker market, the impact of public health threats, changes in the Company's operating expenses, including bunker prices, drydocking and insurance costs, the fuel efficiency of the Company's vessels, the market for the Company's vessels, availability of financing and refinancing, ability to comply with covenants in such financing arrangements, failure of counterparties to fully perform their contracts with the Company, changes in governmental rules and regulations or actions taken by regulatory authorities, including those that may limit the commercial useful lives of LNG tankers, customers' increasing emphasis on environmental and safety concerns, potential liability from pending or future litigation, global and regional economic and political conditions or developments, armed conflicts, including the war between Russia and Ukraine, and possible cessation of such war in Ukraine, the conflict between Israel and Hamas and related conflicts in the Middle East, the Houthi attack in the Red Sea and Gulf of Aden, threats by Iran to close the Strait of Hormuz, trade wars, tariffs, embargoes and strikes, the impact of restrictions on trade, including the imposition of new tariffs, port fees and other import restrictions by the United States on its trading partners and the imposition of retaliatory tariffs by China and the European Union on the United States, business disruptions, including supply chain disruption and congestion, due to natural or other disasters or otherwise, potential physical disruption of shipping routes due to accidents, climate-related incidents, or political events, potential cybersecurity or other privacy threats and data security breaches, vessel breakdowns and instances of offhire, and other factors, including those that may be described from time to time in the reports and other documents that the Company files with or furnishes to the U.S. Securities and Exchange Commission ("Other Reports"). For a more complete discussion of certain of these and other risks and uncertainties associated with the Company, please refer to the Other Reports. This information was brought to you by Cision View original content: SOURCE Flex LNG
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18 minutes ago
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Evercore Highlights Amazon (AMZN) Grocery Strategy and Prime Stickiness
Inc. (NASDAQ:AMZN) ranks among the . Evercore ISI highlighted Inc. (NASDAQ:AMZN)'s strategic actions in the grocery industry on August 13, reaffirming its Outperform rating and $280 price target on the company. The firm noted that by strengthening customer engagement through a high-frequency purchase category, Amazon's tighter integration of groceries into the Prime ecosystem raises customer lifetime value and stickiness. Amazon's $25 free delivery threshold, according to Evercore ISI, puts pressure on rivals like Walmart and Instacart to lower their prices. The approach is in line with Amazon's previously declared $4 billion commitment to use the country's current logistics infrastructure to extend its same-day and next-day delivery network to over 4,000 smaller and rural U.S. communities by 2026. According to Evercore's 13th Annual Amazon Survey, Prime Same-Day delivery multiplies the frequency of purchases, the expansion of categories, and the total amount spent by customers on Inc. (NASDAQ:AMZN). The firm refers to this as 'Shipping Elasticity', which suggests that faster shipping results in more frequent and larger purchases. Inc. (NASDAQ:AMZN), is an American multinational technology company that offers a wide range of commercial interests that include digital streaming, online advertising, e-commerce, cloud computing through Amazon Web Services (AWS), and artificial intelligence. While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Wright hits the road, Lierman hits short-term rentals, Freedom Caucus hits back, more notes
Maryland Schools Superintendent Carey Wright, shown here in 2023 while she was still superintendent in Mississippi, will be visiting different Maryland schools in the next week as students return for the 2025-26 school year. (Photo from the Mississippi Department of Education via The 74 Million) There are many signs of the end of summer in Maryland, and when State Superintendent Carey Wright starts making the rounds of counties to visit schools, it's a good sign that summer is ending and the school year is starting. Wright plans to be in Frederick County early Wednesday to see the smiling faces of teachers, faculty — maybe even smiling students — when schools there open for the 2o25-26 academic year. Frederick is one of the first two counties to return tomorrow, along with St. Mary's County. Joining Wright will be Frederick County Public Schools Superintendent Cheryl Dyson, the system's first Black superintendent, now entering her fourth year in the job. Dyson recently received a national award for her work. Next Monday, Wright is scheduled to visit Baltimore County, one of nine school systems opening on Aug. 25. They will be followed by Calvert, Montgomery and Prince George's counties on Aug. 25 and Allegany County on Aug. 27. The remaining nine school systems are set to open Sept. 2, the day after Labor Day, according to a state Department of Education calendar. If it's any consolation to the kids in Frederick and St. Mary's counties, the calendar shows that they're scheduled to be among the first to get out of school next June. Further information on Wright's first-day travels was not available as of Monday afternoon. Maryland Comptroller Brooke Lierman is looking at short-term rentals in the state. The effort by the state's top tax collector has less to do with finding a unique or fun place to stay on vacation and more to do with ensuring that anyone renting out properties in the state is reporting everything on their taxes. This year, the General Assembly passed legislation to centralize the collection of taxes on short-term rentals — think platforms such as Vrbo and Airbnb. Coupled with that are new regulations that have yet to be implemented. Lierman said her agency is already looking at the state's new law and similar legislation in other states. 'There are probably a couple cleanup things that we'd like to do this year that we'll talk with the sponsors about, but we care very much about making sure that everybody pays their fair share, and then it gets back to you,' Lierman told the audience at the Maryland Association of Counties meeting last week. 'So that will be our central driving force — to make sure that all the taxes are collected and that they are remitted to the appropriate place, and that we're accounting for that along the way.' Tangential to that effort, Lierman told the gathering of county officials in Ocean City that her office is now looking for rental owners who might not be honest in reporting their rental income. Lierman told attendees at the MACo summer conference Saturday that her office has hired a consultant to 'scrape publicly available data through Vrbo and Airbnb.' The data collection is part of an effort to 'look at what folks are making and work and then compare that to what they're reporting their income to us,' Lierman said. The comptroller said she believes the data collection is the first of its kind in the country. 'So, if I see that you have 10 Ocean City rentals that are rented at $500 a night, nine months of the year. And I don't see that on your tax return, right?' Lierman said. Members of the legislature's hard right Freedom Caucus are taking a victory lap after a federal appeals court last week struck down a portion of the state's digital ad tax. 'The court confirmed what we said from day one: this tax is unconstitutional, reckless, and destined to fail,' said Del. Matt Morgan (R- St. Mary's), chair of the seven-member group. 'Instead of strengthening Maryland's economy, the Democrat supermajority pushed through a radical scheme to shake down tech companies only to waste millions of taxpayer dollars defending a law that was doomed in the courts.' The caucus, in letters to Comptroller Brooke Lierman and Attorney General Anthony Brown, both Democrats, demanded to know how much money the state has collected on the tax thus far and how much has been spent defending the law in court. The 2021 law — the first of its kind in the nation — imposes taxes on large tech companies such as Amazon, Apple and Meta for the digital ads they sell within the state. The law was projected to raise $250 million that would be used to pay for the state's Blueprint for Maryland's Future education reform efforts. But the law faces several legal challenges. On Friday, the 4th U.S. Circuit Court of Appeals issued declared one portion of the law unconstitutional. The three-judge panel found that a provision of the law barring companies from itemizing the cost of the tax on invoices to customers violates the First Amendment. The court compared the law to Colonial-era tax revolts and said preventing a company from telling customers about the tax is a free-speech violation. 'No doubt, Maryland has prudential reasons not to want the question answered. But as all we have said so far should make clear, keeping out of hot water with voters is not among the interests that can justify a speech ban,' the court said in its decision. The ruling does not overturn that tax. The appellate judges merely remanded the case back to U.S. District Court in Maryland where a judge will determine an appropriate remedy. Even so, members of the caucus were quick to taunt Democrats. 'We told you so,' the caucus statement concludes. Republicans are not the only ones watching the various legal challenges to the ad tax and awaiting a final decision. Comptroller Brooke Lierman, the state's top tax collector and an attorney, told Maryland Matters Saturday she had not had an opportunity to fully review the appeals court decision issued the night before. 'I do not think it affects the larger part of the law,' she said, referring to whether or not the state can legally impose the tax. There are several related legal challenges including one in tax court that could — once all the appeals are exhausted — determine whether the 2021 law stands. Included in those is a challenge in Maryland Tax Court. 'We're awaiting the tax court's decision,' Lierman said. When that decision will come remains an open question. 'We do not know. I wish we did. We've been waiting for a while,' said Lierman. More change is coming to the second floor of the State House. Carter Elliott IV, senior press secretary to Gov. Wes Moore (D), announced his departure in an email to reporters Tuesday. The announcement came a day after Fagan Harris, Moore's chief of staff, announced he has accepted an offer to become the new president and CEO of the Baltimore-based Abell Foundation. 'As my last day in the Governor's Office comes to a close I just want to reach out to say it was the greatest pleasure of my life to serve in this role and I'm grateful to have gotten to know some incredible people,' Elliott wrote in his brief goodbye note. 'I grew up in a family where the best career that you could follow was being a farmer, a teacher, or a public servant—this had been my dream for as long as I can remember,' added Elliott, who came to Maryland from Virginia. Elliott has served nearly three years in Moore's communications shop. Prior to his state service, he spent seven months with Moore's first statewide political campaign in 2022. Elliott described his time in the Moore administration as 'a hell of a ride.' But it's not the end of the trail for Elliott who leaves his government role to join Moore's reelection campaign. SUPPORT: YOU MAKE OUR WORK POSSIBLE Solve the daily Crossword
