Intact: 19 years of rising dividends

Shares of property insurer Intact have more than doubled in the past five years and recently hit a new all-time high. That’s mainly due to savvy acquisitions that expanded Intact’s geographic reach.
The company now expects to pay out higher claims in 2024 as a result… Read More

Nvidia competitor prepares for IPO

CEREBRAS SYSTEMS INC. has filed paperwork with U.S. regulators for an initial public offering (IPO) of common shares. The shares will trade on Nasdaq under the symbol CBRS.
Based in California, the company makes specialized, high-performance computer chips for artificial intelligence and other applications. Unlike industry leader… Read More

Newsmax plans to go public

NEWSMAX INC. has filed paperwork with U.S. regulators for an initial public offering (IPO) of common shares. The shares will trade on New York under the symbol NMAX.
Based in Florida, the company operates a conservative-focused cable TV news channel, as well as online portals. Broadcasting supplies… Read More

Lilly soars after animal drug spinoff

On September 21, 2018, Eli Lilly set up its animal-health business as a separate company called Elanco Animal Health and sold 19.8% of its shares through an initial public offering at $24 each. The company disposed of its remaining 80.2% stake in Elanco in March… Read More