Cybersecurity firm Darktrace floats at $2.37 billion valuation as shares soar 38% in early trading

Cybersecurity firm Darktrace floats at $2.37 billion valuation as shares soar 38% in early trading

Summary List PlacementShares in the cybersecurity firm Darktrace soared as much as 38% when they started trading in London on Friday. The Cambridge, England-based company, which uses an “AI immune system” to detect abnormalities in a customer’s network, was valued at £1.7 billion, or $2.37 billion, in its initial public offering. Shares were priced at…

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Pacific National Exhibition at risk due to financial impacts of COVID-19 closures

Pacific National Exhibition at risk due to financial impacts of COVID-19 closures

VANCOUVER — The City of Vancouver says the financial impacts of the COVID-19 pandemic threaten to shutter the long-running Pacific National Exhibition if the non-profit organization isn’t able to secure emergency funding from the province. It says in a statement the 111-year-old exhibition stands to lose nearly $15 million after closures throughout the last year…

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