GameSquare Holdings Announces IPO Pricing and Intention to Invest in Ethereum
GameSquare Holdings announced on Thursday that it has set the price for its initial public offering (IPO) at approximately 46.7 million shares at $1.50 per share, raising nearly $70 million.
The company also granted its underwriter a 45-day option to purchase up to an additional 7 million shares. The offering is expected to close on Friday.
GameSquare stated that it plans to use the net proceeds to increase its position in Ethereum. However, the company’s stock fell more than 30% during Thursday’s trading.
Waymo Expands Autonomous Ride-Hailing Service in Austin, Texas
Alphabet’s Waymo and Uber announced on Thursday the expansion of their autonomous ride-hailing service area in Austin, Texas, covering an increased area of 240 square kilometers (90 square miles) compared to the previous 94 square kilometers.
The expanded area now spans from north to south of Austin, encompassing neighborhoods such as Crestview, Windsor Park, Sunset Valley, and Franklin Park, along with key locations like The Domain and McKinney Falls State Park, according to the companies.
The service offers fully autonomous rides available 24/7, with no waiting lists or special requirements. Moreover, over 100 Waymo vehicles currently operate through the Uber app in Austin, with plans to increase this number.
MicroCloud Hologram Invests Heavily in Bitcoin and Crypto-Related Derivatives
MicroCloud Hologram announced the purchase of up to $200 million worth of bitcoin and crypto-related derivatives, accumulating an investment income of approximately $34.7 million on the same day.
The company stated that these purchases are part of its strategy to explore the cryptocurrency market for future business expansions and capital operations within the sector.
MicroCloud Hologram mentioned that it currently holds $394 million in cash reserves and intends to allocate these funds towards technological developments, including blockchain related to bitcoin, quantum computing, holography, and AI-driven augmented reality.
MicroCloud Hologram’s stock rose 5% to $5.88 per share on the Nasdaq during Thursday’s trading.
Banamex Renews Strategic Alliance with Global Payments for Mexican Merchants
Grupo Financiero Banamex, resulting from the separation of consumer and business banking along with other assets from Citibanamex, renewed its strategic alliance with global software provider Global Payments for point-of-sale payments.
Banamex stated that it maintains collaboration with Global Payments through its EVO Payments business, which processes nearly 900 million transactions annually across more than 250,000 point-of-sale terminals installed in Mexico.
The renewal of this agreement enables both companies to offer cutting-edge financial technology, e-commerce tools, and global best practices acquired in over 38 countries, combined with solid local coverage.
Key Questions and Answers
- What is GameSquare Holdings’ IPO pricing and intended use of funds? GameSquare set the price for its IPO at $1.50 per share, raising nearly $70 million. The company plans to invest the net proceeds in Ethereum.
- How has GameSquare’s stock performed since the IPO announcement? GameSquare’s stock fell more than 30% during the latest trading session following the IPO pricing announcement.
- What changes has Waymo made to its autonomous ride-hailing service in Austin? Waymo expanded its service area in Austin to 240 square kilometers, covering more neighborhoods and key locations. The service offers 24/7 autonomous rides without waiting lists or special requirements.
- What is MicroCloud Hologram’s strategy regarding cryptocurrency investments? MicroCloud intends to explore the cryptocurrency market for future business expansions and capital operations. The company recently purchased up to $200 million worth of bitcoin and crypto-related derivatives.
- How does the renewed alliance between Banamex and Global Payments benefit Mexican merchants? The renewed partnership allows both companies to offer advanced financial technology, e-commerce tools, and global best practices combined with solid local coverage for Mexican merchants.
