|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||59.57 - 59.57|
|52 Week Range||40.34 - 59.57|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.55 (2.61%)|
|1y Target Est||N/A|
The Australian Securities Exchange (ASX) has partnered with VMware, Inc. (NYSE: VMW) in replacing its Clearing House Electronic Subregister System (CHESS) with another platform that is based on distributed ledger tech (DLT), according to ZDNet. This means that ASX will be working with two partners: VMware and Digital Asset, a blockchain startup. “This new partnership is a very positive development that will help us support a wider range of DLT solutions developed by the industry.
Fox News owner Fox Corp. reached a deal to acquire a two-thirds stake in fintech company Credible Labs in a deal worth $340 million. Under the terms of the deal, Fox will acquire 67% of Credible, which is listed on the Australian Securities Exchange, for $265 million in cash, a 31% premium to the company's stock price on May 29. Also, Fox will commit a further $75 million in capital over two years to developing Credible, which is a consumer finance marketplace.
Life360, a San Francisco social media company, went public this week on the Australian Securities Exchange.
U.S. family tracking app operator Life360 has begun approaching potential investors for a listing in Sydney, fund managers said on Monday, valuing the company at up to $675 million in what could be Australia's biggest technology IPO in three years. Opting for an Australian listing, where the startup already has a number of institutional investors, Life360 plans to raise about $100 million via an initial public offering (IPO) by mid-year, current investors said. Life360 provides a free mobile app that allows family members to track each other, as well as "premium" services such as a panic button that sends location notifications.