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  • American City Business Journals2 months ago

    These 17 N.Y.C. companies are poised to go public in 2017

    Yes, the number of initial public offerings was at an all-time low . "The market continues to have significant rallies and 2016 companies are outperforming the major market indexes, which bodes well for 2017," Derek Steinhiser, Ernst & Young's Northeast IPO leader, told me. Over on the West Coast, Snapchat is among the most talked about companies gearing up for an IPO in 2017, but there are plenty more in the pipeline — especially here in New York.

  • American City Business Journals2 months ago

    Former Cincinnati Stock Exchange sold to NYSE

    A last-ditch sale agreement has saved the former Cincinnati Stock Exchange from shutting down. The New York Stock Exchange reached an agreement on Wednesday to buy the National Stock Exchange, the successor to longstanding stock market icon the Cincinnati Stock Exchange. The National Stock Exchange had issued an announcement last Friday stating it would cease trading at the close of business this Friday, Dec. 16.

  • American City Business Journals2 months ago

    Yadkin-FNB deal scores shareholder approval

    Raleigh-based Yadkin Financial Corporation is one step closer to being acquired by F.N.B. Corporation of Pittsburgh. Additionally, the North Carolina Commissioner of Banks has given the go-ahead for the buyout. According to the merger agreement, Yadkin shareholders will receive 2.16 of FNB common stock for each common share of Yadkin.