Etsy IPO Debuts At 31 Amid Steady Upside Hopes
Etsy begins trading on Nasdaq at 31 dollars a share, near double its 16 dollar IPO price, as analysts note the company’s rapid growth from a 2005 apartment project to a 1.78 billion valuation. The debut marks strong investor appetite for handmade goods marketplace with 1.3 million makers and a wide buyer base.
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Target MasterCard settlement over 2013 data breach reaches 19 million
Target Corp and MasterCard announce a 19 million settlement to resolve bank and credit union claims tied to the 2013 data breach. The deal requires approvals from card issuers and at least 90 percent participation to release both parties from further claims, as banks pursue a pending class action in federal court.
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