“Prime Focus is exploring ways for a possible conversion of existing shares of Prime Focus to DNEG and list its subsidiary on Nasdaq for a valuation of $1.5-1.7 billion,” said one of the persons cited above. “The company plans to raise around $500 million in DNEG either by SPAC or listing it at NASDAQ.”
US stocks: US market rises on the day but falls for the week; bond yields and Iran in focus
Major U.S. stock indexes finished Friday higher, but recorded weekly declines. Investors reacted to fluctuating government bond yields and Middle East developments. Stronger services sector