Top 12 Financial and Business News Nuggets from the Second Half of May 2024 that You Might have Missed
{NOTE: This writeup includes news about 12 Utah-based firms and five executives.}
BREAKING NEWS: Waystar Holdings is Now a Publicly Traded Company and has Raised $967+ Million in Gross Proceeds from its IPO
Just 10 days after filing the 7th amendment of its Form S-1 with the U.S. Securities and Exchange Commission signaling its intent to sell shares via an Initial Public Offering, Lehi, Utah-based Waystar Holdings has done just that this morning (Friday, 07 May 2024) and is now a publicly
NEWS BRIEF: With a Combined Construction Budget of Nearly One-Quarter of a Billion Dollars, the UofU has Broken Ground on Two New Buildings
In total, the University of Utah will spend a combined $244 million to bring over 310,000-square-feet of instructional, administrative, and collaborative space on campus with these two new buildings.
NEWS BRIEF: Enbridge has Completed its $4.3 Billion Acquisition of Questar Gas from Dominion Energy
Enbridge and Dominion Energy originally announced this three-part acquisition/sale on 5 September 2023.
Utah's Top 10 Monetary, Financial, and/or Business Stories of May 2024
In our opinion, these 10 stories represent Utah's Top 10 Newsmakers in May 2024 across the monetary / financial / business ecosystem.
Another "Sneaky" IPO is Pending for Utah as "Recent" Transplant Waystar Holdings Announces its Forthcoming Initial Public Offering
I predict that the soonest (and most likely IPO scenario for Waystar) is for its shares to begin trading the week of June 24—28, the week before the July 4th holiday.
South Jordan, Utah-based Canopy Raises $35 Million in New Funding Round
At least 10 different investment firms have placed their bets on Canopy since its launch in 2014.