- Benchmark analyst Fawne Jiang terminated coverage of IClick Interactive Asia Group Limited (NASDAQ:ICLK) due to a reallocation of resources for the coverage group.
- Investors should no longer rely on the previous rating, target price, or estimates.
- On December 20, IClick received a preliminary non-binding proposal from IClick Chair, CEO, and co-founder Jian Tang owned Igomax Inc, director and co-founder Wing Hong Sammy Hsieh owned Bubinga Holdings Limited, and Huang Jianjun owned Rise Chain Investment Limited.
- The purchase offer was $4.0672 per ADS in cash or $0.81344 per share.
- The Consortium beneficially owns ordinary shares representing 63% of the aggregate voting power of IClick.
- On December 28, IClick’s board of directors approved a share repurchase of up to $5 million from January 1, 2023 – December 31, 2023.
- Price Action: ICLK shares traded lower by 3.46% at $3.95 on the last check Friday.
Dow Tumbles 150 Points; Tesla Shares Drop After Q1 Results
U.S. stocks traded lower this morning, with the Dow Jones dropping over 150 points on Thursday.
Following the market opening Thursday, the Dow traded down 0.50% to 33,727.89 while the NASDAQ fell 0.49% to 12,097.82. The S&P 500, also fell, dropping, 0.58% to 4,130.33.
