Tuesday, September 8, 2020

Data analytics company Sumo Logic is looking to raise $310.8M in its US IPO at a price range of $17 to $21 per share, valuing the company at over $2B (Reuters)

Reuters:
Data analytics company Sumo Logic is looking to raise $310.8M in its US IPO at a price range of $17 to $21 per share, valuing the company at over $2B  —  (Reuters) - Big data firm Sumo Logic Inc said on Tuesday it was looking to raise $310.8 million in a U.S. initial public offering that could value the company at over $2.07 billion.



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IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 results below estimates (CNBC)

CNBC : IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 re...