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Sard Verbinnen & Co. handled investor relations for today’s New York Stock Exchange “lift-off” of Richard Branson’s Virgin Galactic Holdings as it became the first publicly held space tourism company.
The stock opened at $12.34.
The company says it has reservations for more than 600 people from 60 nations who have forked over deposits of $80M and represent potential revenue topping $120M.
Founded by Branson in 2004, VGH trades under the SPCE symbol.
FTI Consulting handles media for VGH.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
