Digital Recruiting Platform Signing Day Sports to Go Public

The operator of a recruiting platform for student athletes, Signing Day Sports plans to go public on the NYSE American under the symbol SGN. The company plans to raise $8 million by offering 1.5 million shares at a price range of $4 to $6. SGN had previously filed to offer 3.8 million shares at the same range. At the midpoint, Signing Day Sports will raise 60% less in proceeds than previously anticipated. Boustead Securities is the sole bookrunner on the … Continue reading “Digital Recruiting Platform Signing Day Sports to Go Public”

Roku Hit By International Trade Commission Patent Investigation After Universal Electronics Filing

Streaming company Roku is the subject of a complaint with the International Trade Commission. Universal Electronics $UEIC filed a complaint back on April 18 which led to the launching a probe into a claim of patent infringement. $ROKU is down over 2% on the news.

Square $SQ Earnings Beat With EverBrite But Guides Lower

Digital payments and point of sales processor (POS) Square $SQ reported better than expected third quarter earnings after the close Wednesday. $SQ successfully launched the Everbrite IPO in the quarter. However it guided lower than expectations for the fourth quarter.

The Weight of China Expectation – Trade Desk $TTD Falls 12% Despite Earnings Beat

Digital advertising placement firm Trade Desk reported better than expected third quarter earnings Thursday maintaining guidance. However $TTD fell 12%  with the market looking for more news on China after the agreements in China with Baidu $BIDU. and pending deals with Tencent Holdings $TCEHY and Alibaba Group Holdings $BABA excite.