Moleculin Biotech raises $9.2 million in IPO

Houston-based Moleculin Biotech Inc. closed its initial public offering Wednesday, raising more than $9.2 million on 1.5 million shares priced at $6 each, the upper end of its pricing range. The company had hoped to raise as much as $12 million, according to its S-1 filing in March. Moleculin will start public trading Thursday on the Nasdaq under the symbol “MBRX.” The company says it intends to use the IPO proceeds for further clinical trials of its leukemia-treatment drug, Annamycin. Bonwick Capital Partners and Network 1 Financial Securities underwrote the offering.

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From:: Stock Market News

API data show 2.4 million-barrel rise in U.S. crude supply: sources

Oil futures fell in electronic trading Wednesday after the American Petroleum Institute reported that U.S. crude supplies rose by 2.4 million barrels for the week ended May 27, according to sources who reviewed the report. Analysts polled by S&P Global Platts forecast a decline of 3.1 million barrels for crude inventories. The closely watched Energy Information Administration report will be released Thursday. July crude was at $48.91 a barrel in electronic trading, down from the contract’s settlement of $49.01 on the New York Mercantile Exchange.

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From:: Stock Market News

Uber receives $3.5 billion more, valuation stays the same: Report

Uber Technologies Inc., the ride-hailing company, has received a $3.5 billion investment from Saudi Arabia’s Public Investment Fund, according to The New York Times. The investment is part of an existing funding round and keeps the company’s valuation at $62.5 billion, according to the Times. Uber did not immediately respond to a request for comment.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Uber receives $3.5 billion more, valuation stays the same: Report

Uber Technologies Inc., the ride-hailing company, has received a $3.5 billion investment from Saudi Arabia’s Public Investment Fund, according to The New York Times. The investment is part of an existing funding round and keeps the company’s valuation at $62.5 billion, according to the Times. Uber did not immediately respond to a request for comment.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Uber receives $3.5 billion more, valuation stays the same: Report

Uber Technologies Inc., the ride-hailing company, has received a $3.5 billion investment from Saudi Arabia’s Public Investment Fund, according to The New York Times. The investment is part of an existing funding round and keeps the company’s valuation at $62.5 billion, according to the Times. Uber did not immediately respond to a request for comment.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Uber receives $3.5 billion more, valuation stays the same: Report

Uber Technologies Inc., the ride-hailing company, has received a $3.5 billion investment from Saudi Arabia’s Public Investment Fund, according to The New York Times. The investment is part of an existing funding round and keeps the company’s valuation at $62.5 billion, according to the Times. Uber did not immediately respond to a request for comment.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News