Sectors
Wix.com files for IPO
Wix.com filed for an initial public offering valued up to USD100 million, said a Reuters report. On Tuesday, Wix. com Ltd. had filed with the US regulators to raise USD100 million in an initial public offering of common stock.
Venture capitalists invest in startups related to Bitcoin
According to a Reuters report, venture capitalists showed no signs of shying away from startup investments related to Bitcoin even as authorities increased scrutiny among numerous virtual currency firms.
Barracuda Networks files for IPO
On Tuesday, Barracuda Networks had filed for an initial public offering valued more than USD100 million, according to a regulatory filing.
Merck to cut 8,500 jobs
Merck & Co. decided to cut its annual spending by USD2.5 billion and eliminate more than 10% of its global workers.