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January 20, 2020

XPO Logistics Spinoff

On Wednesday (Jan. 15), a news release by XPO Logistics (NASDAQ: XPO) revealed that the company was considering some strategic alternatives, including an option of spinning-off some of its business un...

February 05, 2020

Back To Back Letter Of Credit

What is Back To Back Letter Of Credit?A back to back letter of credit is made of two letters of credit (LCs) used together to finance a business transaction. The two LCs are opened in favor of th...

IPO
June 30, 2021

Duolingo Files For IPO On NASDAQ

Language-learning app Duolingo has filed for an initial public offering on the Nasdaq under the ticker symbol "DUOL" on Monday but didn't reveal its valuation or price targets, according to docum...