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Finance

Providing perspective and contextual insights on the monetary aspects of the Finance industry within the state of Utah, from Banking to FinTech and from venture capital to cryptocurrency.

BREAKING NEWS: The $300 Million Sale of Orem-based US Synthetic Will Enable the $7.8 Billion Acquisition of its Parent Company, ChampionX

BREAKING NEWS: The $300 Million Sale of Orem-based US Synthetic Will Enable the $7.8 Billion Acquisition of its Parent Company, ChampionX

On the surface, the news seems pretty straightforward, but it's not. So here's both the straightforward news, as well as the more complex backstory. The Straightforward News: Orem, Utah-based US Synthetic is Being Bought for ~$300 Million Orem, Utah-based US Synthetic is being sold for approximately

Utah's Largest Real Estate Firm, Bridge Investment Group, is Being Acquired for $1.5 Billion in an All-Stock Deal

Utah's Largest Real Estate Firm, Bridge Investment Group, is Being Acquired for $1.5 Billion in an All-Stock Deal

Sandy, Utah-based Bridge Investment Group Holdings (NYSE:BRDG) has agreed to be acquired by New York City-based Apollo Global Management (NYSE:APO) in an all-stock transaction for ~$1.5 billion. In the 16 years since its formation in 2009, Bridge has become the largest real estate firm in Utah, with

NEWS BRIEF: Utah-based Boostly Snags $22 Million in "Significant" Growth Funding Led by Private Equity Firm, PeakSpan Capital

NEWS BRIEF: Utah-based Boostly Snags $22 Million in "Significant" Growth Funding Led by Private Equity Firm, PeakSpan Capital

Just six months after landing a $5.6 million Seed Round of funding, Lehi, Utah-based Boostly has jumped into the big leagues by accepting what it describes as $22.0 million in "significant ... growth capital" as a Series A round of funding. According to the Boostly news release,

Utah-based Waystar Announces Public Offering Slated to Raise Over $800 Million for its Three Largest Shareholders

Utah-based Waystar Announces Public Offering Slated to Raise Over $800 Million for its Three Largest Shareholders

Lehi, Utah-based Waystar (NASDAQ:WAY) announced yesterday afternoon it would conduct a secondary public offering where its three largest shareholders will sell at least 18 million shares of common stock with gross proceeds of over $800 million, based upon yesterday's closing price of $45.11. According to the

NEWS BRIEF: Utah's PGR Boosts its Total Skiable Terrain by 67% as it Buys Controlling Interest in Powderhorn, its Fifth Ski Resort

NEWS BRIEF: Utah's PGR Boosts its Total Skiable Terrain by 67% as it Buys Controlling Interest in Powderhorn, its Fifth Ski Resort

According to multiple news reports published over the weekend, Park City, Utah-based Pacific Group Resorts (PGR) has acquired controlling interest in Mesa, Colorado-based Powderhorn Mountain Resort from Denver, Colorado-based Gart Capital Partners and long-time ski industry veteran, Andy Daly. Officially, no financial terms of the acquisition have been published by

Utah-based Sera Prognostics to Raise $50 Million to Help Leverage Proteomics to Boost its Efforts to Identify Preterm Birth Candidates and Improve Maternal and Neonatal Health

Utah-based Sera Prognostics to Raise $50 Million to Help Leverage Proteomics to Boost its Efforts to Identify Preterm Birth Candidates and Improve Maternal and Neonatal Health

In plans announced earlier this week, Salt Lake City, Utah-based Sera Prognostics (NASDAQ:SERA) priced a secondary public offering on Monday, 10 February 2025, with plans to raise $50 million in gross proceeds yesterday, 12 February 2025. As of 07:05am MT today (Thursday, 13 February 2025), Sera has not

With $20 Million in New Funding, Utah-based Jump Targets a Market Responsible for Over $128 Trillion

With $20 Million in New Funding, Utah-based Jump Targets a Market Responsible for Over $128 Trillion

Yup, $128.4 trillion. That's the Total Addressable Market that Salt Lake City, Utah-based Jump is focused on. That TAM, coupled with Jump's shocking ability to leverage artificial intelligence to make its end-users 10X more efficient (and successful), make it no surprise to this journalist that