Daily Archives: July 3, 2018

Autolus Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional American Depositary Shares

Autolus Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional American Depositary Shares

LONDON – 26 June 2018 – Autolus Therapeutics plc (“Autolus”) (NASDAQ: AUTL), a clinical-stage biopharmaceutical company developing next-generation programmed T cell therapies, today announced the closing of its previously announced initial public offering in the United States of 10,147,059 American Depositary Shares (“ADSs”), representing 10,147,059 ordinary shares, at an initial public offering price of $17.00 per ADS, which includes an additional 1,323,529 ADSs issued upon the exercise in full by the underwriters of their option to purchase additional ADSs. Aggregate net proceeds to Autolus, after underwriting discounts but before estimated offering expenses, were $160.4 million. All of the ADSs were offered by Autolus.

Goldman Sachs & Co. LLC and Jefferies LLC acted as joint book-running managers for the offering. Wells Fargo Securities, LLC and William Blair & Company, L.L.C. acted as lead managers.

The offering was made only by means of a prospectus. The final prospectus related to the offering was filed with the U.S. Securities and Exchange Commission (the “SEC”).  Copies of the final prospectus can be obtained from either of the joint book-running managers for the offering, Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at +1 866 471 2526 or by email at prospectusgroup-ny@ny.email.gs.com; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by email at Prospectus_Department@Jefferies.com or by telephone at + 1 877 821 7388. For the avoidance of doubt, such prospectus will not constitute a “prospectus” for the purposes of Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in each relevant EU member state) and will not have been reviewed by any competent authority in any EU member state.

A registration statement relating to these securities has been filed with, and declared effective by, the SEC. The registration statement can be accessed through the SEC’s website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Investor Contact:

S.A. Noonan Communications, LLC
Susan A Noonan
+1 212 966 3650
susan@sanoonan.com

Media Contact:

JW Communications
Julia Wilson
+44 (0)7818 430877
juliawilsonuk@gmail.com

About Autolus

Autolus is a clinical-stage biopharmaceutical company developing next-generation, programmed T cell therapies for the treatment of cancer. Using a broad suite of proprietary and modular T cell programming technologies, the company is engineering precisely targeted, controlled and highly active T cell therapies that are designed to better recognise cancer cells, break down their defence mechanisms and eliminate these cells. Autolus has a pipeline of product candidates in development for the treatment of haematological malignancies and solid tumours.

GMO Internet Launches Mining Machine GMO miner B3 With a Maximum Hash Power of 33 TH/s: Customers can maximize hash power and power consumption in their environment

TOKYO, July 03, 2018 (GLOBE NEWSWIRE) — GMO Internet Group (https://www.gmo.jp/en/) released the self-developed high-performance cryptocurrency mining computer (mining machine) GMO miner B3 today (Monday, July 2, 2018).

The major characteristics of GMO miner B3 are that it has the maximum hash power of 33 TH/s as well as can adjust the hash power optimally up to 33TH/s depending on the mining environment and global hash rate. The sales price of July is 1,999 dollars and it is to be shipped in November.

[About Mining Machine GMO miner B3] (URL: https://gmominer.z.com/)

1: The maximum hash power is 33TH/s
The maximum hash power of one unit of GMO miner B3 is 33TH/s, which is much better than our existing products.

2: The initial sales price is 1,999 US dollars
The sales price of July 2018 is 1,999 US dollars as with GMO miner B2. GMO miner B2 was released on June 6, 2018, and sold out. For its customers, we shall upgrade it to GMO miner B3 for free if requested.

3: Newly implemented a function to set the optimal hash power and power consumption depending on the environment
This function has “automatic mode” and “manual mode” and automatically adjusts the hash power optimally up to 33TH/s in accordance with the electricity cost, which varies depending on the mining environment, and changes in the indicators such as the global hash rate in the automatic mode. This enables to improve the efficiency of mining.

4: The world’s first cutting-edge mining ASIC of 7nm process “GMO 72b” is used
GMO miner B3 used the mining ASIC of the 7nm process GMO72b, which was self-developed and mass-produced first in the world, as with GMO miner B2.

5: Abundant additional services including daisy chain connection of up to 32 units
It adheres to all of the additional services implemented in GMO miner B2 such as daisy chain connection of up to 32 units, an online update of software, and online monitoring of the operation status.

Press release https://www.gmo.jp/en/news/article/?id=782

Press Inquiries
GMO Internet Group Public Relations
Email: pr@gmo.jp

Colliers International Creates Dominant Market Leader in Denmark

Addition of premier Capital Markets firm strengthens country leadership and service offerings

TORONTO, July 03, 2018 (GLOBE NEWSWIRE) — Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) today announced that it has acquired a controlling interest in Sadolin & Albæk (“Sadolin”), Denmark’s leading capital markets specialist, which will be merged with Colliers International’s current operations in Denmark (“Colliers Denmark”). The partners of Sadolin, together with the existing leadership team of Colliers Denmark, will retain a significant equity stake in the combined business under Colliers’s unique enterprise partnership model. Together, Colliers Denmark will have a total of 150 professionals offering a variety of services including capital markets, corporate solutions, commercial lease and sales brokerage, urban consulting & advisory and property valuations, operating from five offices in Copenhagen, Aarhus, Vejle, Aalborg and Odense. Terms of the transaction were not disclosed.

Established in 1967, Sadolin brings an exceptional leadership team and 46 professionals with expertise in capital markets. The combined business will be led by Peter Winther, CEO and Jeppe Schønfeld who will serve as Deputy CEO of Colliers International in the region.

“Following our recent acquisition of the market leader in Finland earlier in the year, this merger establishes Colliers as the dominant player in another key Nordic market,” said Chris McLernon, CEO, Colliers International | EMEA.  “We are going from strength to strength with the addition of these talented professionals establishing Colliers as one of the strongest pan-Nordic commercial real estate platforms anywhere.”

“Our entrepreneurial culture and keen focus on service excellence has long been the key to our success, we are excited to partner with Colliers International, an organization that shares our entrepreneurial culture and keen focus on service excellence, along with a vision for the future focused on leveraging their well established enterprising business model,” said Peter Winther CEO, Colliers | Denmark. “We look forward to taking full advantage of the Colliers International global brand and service platform while accelerating the success of our clients domestically and internationally.”

“Our entire team in Denmark is thrilled with this new development. The addition of experienced professionals in capital markets and research & valuation allows us to offer our clients additional best-in-class services throughout Denmark,” said Jeppe Schønfeld, Deputy CEO, Colliers | Denmark.

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) is an industry-leading real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers has also been ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn.

COLLIERS CONTACTS:

John B. Friedrichsen
Chief Financial Officer
(416) 960-9500

Chris McLernon
Chief Executive Officer | EMEA
(44) 207 487-7007

Altus Group Tackles Complexity of Global Investment Management with Acquisition of Taliance

TORONTO and PARIS, July 03, 2018 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus Group” or “the Company”) (TSX:AIF), a leading provider of commercial real estate services, software and data solutions to the global commercial real estate industry, announced today that it has acquired Taliance Group (“Taliance”) for €20.0 million (approximately C$31.0 million). Taliance is a best-in-class and rapidly-growing provider of cloud-based alternative investment software used by some of the largest investment firms worldwide.

The acquisition has a number of key benefits for Altus Group:

  • The addition of Taliance’s software solutions delivers a comprehensive investment management capability that provides flexibility and transparency to manage the most complex investment structures and scenarios;
  • Immediately allows Altus Group’s ARGUS Enterprise, the global standard for asset and portfolio management, to be deployed and integrated with Taliance, enabling clients to model equity and debt investments, provide waterfall distribution reporting and gain valuable insights into risks and opportunities to maximize investor returns; and
  • Expands the Company’s position in Europe and provides a foundation for growth in the fund management segment of the market globally.

“The acquisition of Taliance broadens our global asset and portfolio management offerings, while immediately increasing our market share in Europe. By combining the best-in-class capabilities of ARGUS with Taliance, we’re able to provide clients globally with a compelling end-to-end solution for managing performance at any level – asset, investment, fund and investor,” said Robert Courteau, Chief Executive Officer of Altus Group. “With a proven track record and solid industry reputation, we’re pleased to welcome Taliance’s impressive team to Altus Group.”

Taliance provides cloud-based collaborative business solutions to alternative investment firms globally allowing them to improve their modelling, forecasting and risk management processes in real time. Taliance’s clients include firms who invest directly or indirectly in all forms of alternative investment asset classes, including real estate, private equity, debt and infrastructure. Based in Paris, Taliance also has offices in London and New York. Its team of 27 professionals, including its founder and CEO Guillaume Fiastre, will be integrated into the Company’s Altus Analytics software and data division, strengthening global sales and development resources.

“We are excited to be joining Altus Group –  together we will bring greater value to clients around the world,” said Guillaume Fiastre, Chief Executive Officer of Taliance. “Commercial real estate firms and investors are faced with a growing level of complexity around investment and fund management. The combined capabilities of both Taliance and ARGUS Enterprise provide a comprehensive global asset and investment management platform in one solution.”

Altus Group paid a total of €20.0 million (approximately C$31.0 million) in cash and common shares. On closing, €17.8 million (approximately C$27.6 million) was drawn from the revolving term facility and €2.2 million (approximately C$3.4 million) of common shares were issued from treasury. On a TTM basis, the revenue multiple at the time of acquisition is approximately 4.3x. The acquisition is expected to positively contribute to Adjusted EBITDA in early 2019.

About Altus Group Limited

Altus Group Limited is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,500 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.

For more information on Altus Group, please visit: www.altusgroup.com.

Forward-Looking Information

Certain information in this press release may constitute “forward-looking information” within the meaning of applicable securities legislation. All information contained in this press release, other than statements of current and historical fact, is forward-looking information.  Forward-looking information includes information that relates to, among other things, the expected benefits from the acquisition of Taliance, objectives, strategies and intentions, and future financial and operating performance and prospects. Generally, forward-looking information can be identified by use of words such as “may”, “will”, “expect”, “believe”, “plan”, “would”, “could” and other similar terminology. All of the forward-looking information in this press release is qualified by this cautionary statement.  Forward-looking information is not, and cannot be, a guarantee of future results or events.  Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by Altus Group at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results, performance or achievements, industry results or events to be materially different from those expressed or implied by the forward-looking information.  Please consult Altus Group’s most recent regulatory filings on SEDAR for more information on the Company’s forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

Altus Group Limited
Ali Mahdavi
Investor Relations
416-641-9710
ali.mahdavi@altusgroup.com

Altus Group Limited
Jeff Hayward
Vice President, Global Marketing & Communications
416-234-4212
jeff.hayward@altusgroup.com

Nasdaq Launches U.S. Treasury Futures Product

Builds on Nasdaq’s U.S. Treasuries Cash Market Presence

NEW YORK, July 02, 2018 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) today announced it will launch U.S. DV01 Treasury Futures, a new interest rate risk product trading on the Nasdaq Futures Exchange (NFX).  U.S. DV01 Treasury Futures, or “the dollar value of one basis point,” will allow clients to hedge against the price sensitivity of a portfolio of cash market U.S. Treasuries across the yield curve from 2-year to 30-year maturities.  The new product will be available for trading on Thursday, July 19, 2018, pending regulatory approval.

“Combined with our experience in the U.S. Treasury cash markets on Nasdaq Fixed Income (NFI), the launch of U.S. DV01 Treasury Futures moves us closer to our goal of helping our clients gain greater certainty of their U.S. Treasury portfolio interest rate risk,” said Ted Bragg, Head of NFI at Nasdaq. “The U.S. Treasury market needs additional instruments to help manage interest rate risk, and U.S. DV01 Futures provides increased optionality and alternatives in the fast growing interest rate futures market.”

“Our NFX platform launched three years ago as an all-commodities exchange to expand on our existing global commodities business and provide more choice for clients,”  added Tom Wittman, Executive Vice President and Head of Market Services at Nasdaq. “Based on the growth of NFX and client feedback, we feel the next step is to expand into financial futures and work closely with the futures marketplace to build off the strength of our technology.”

As the deepest and most liquid government securities market in the world, the U.S. Treasury market is highly reliant on and influenced by an array of economic factors.  Futures market participants will benefit from U.S. DV01 Treasury Futures through the following:

  • U.S. DV01 Futures will be cleared by The Options Clearing Corporation (OCC), and allow clients to hedge against the price sensitivity of a portfolio of 2-year, 5-year and 10-year notes, or 30-year bonds.
  • U.S. DV01 Futures are cash settled On-The-Run U.S. Treasury futures contracts expressed as 100 minus the yield of the corresponding U.S. Treasury security.
    ○  Example:  A 10-year note yield of 3.065 percent shall be expressed as a futures yield-derived price of 96.935.
  • The underlying interest is the dollar value (“DV01”), assigned by the Exchange at the time of listing for each contract month, of a one basis point change in yield of the current On-The-Run U.S. Treasury security, with a face value of one million dollars having fixed semi-annual coupon payments available for trading on the NFI Alternative Trading System Order Book (the “NFI Order Book”).
    ○  Example:  A 10-year note DV01 designated by the Exchange of $850 will result in a minimum trading increment of one-tenth of one basis point (0.001) which equals $85.00.
  • Trading in U.S. DV01 Treasury Futures contracts will be Sunday through Friday, 7:00 PM – 6:00 PM EPT.

NFI is the second largest dealer-to-dealer institutional trading venue for U.S. Treasury securities. The six On-The-Run U.S. Treasury securities are among the highest in volume and the most liquid financial instruments in the world.  The U.S. Treasuries cash marketplace is extremely efficient – there are over a dozen multi-billion dollar principal trading firms whose core strategy is to transfer liquidity between U.S. Treasury trading venues at ultra-high speeds.  In 2018, The Nasdaq Fixed Income trading platform will move to Nasdaq’s state-of-the-art matching engine, business functionality and protocol technologies – the Nasdaq Financial Framework.

Since 2013, Nasdaq has been one of the leading electronic trading platforms for cash U.S. Treasury securities, providing real-time, intraday, end-of-day, historical and indicative data formats for U.S. Treasury data. Treasury securities include Treasury bonds (T-bonds), Treasury notes (T-notes) and Treasury bills (T-bills) and U.S. Treasury Floating Rate Notes.

To learn more about Nasdaq’s DV01 Treasury Futures, please visit here: http://business.nasdaq.com/media/US-DV01-Treasury-Futures_tcm5044-63486.pdf

About Nasdaq: 
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: http://business.nasdaq.com

Nasdaq Media Contact:
Joseph Christinat
(646) 441-5121
(646) 284-5920
Joseph.Christinat@nasdaq.com