Bankrupt FTX Considers Selling Its Assets [Yahoo! Finance News]
Perella Weinberg Partners - Class A (PWP)
Company Research
Source: Yahoo! Finance News
John Ray, the chief restructuring officer and new CEO of fallen cryptocurrency exchange FTX, is wasting no time.Eight days after being named head of the restructuring of Sam Bankman-Fried's empire, he is moving forward to liquidate the group's assets.Ray, who served as the liquidator of insolvent energy brokerage Enron, has justannounced"The FTX debtors have engaged Perella Weinberg Partners LP as leadinvestment bank"The engagement of PWP [Perella Weinberg Partners] is subject to Court approval."Some Subsidiaries Are SolventRay also indicates that some FTX subsidiaries are solvent, which is good news for creditors of the platform who hope to be able to recover some of their money."Based on our review over the past week, we are pleased to learn that many regulated or licensed subsidiaries of FTX, within and outside of the United States, have solvent balance sheets, responsible management and valuable franchises," said Ray in the statement."Some of these subsidiaries – such as LedgerX L
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PWP
News
- Perella Weinberg to Announce First Quarter 2024 Financial Results and to Host Conference Call on May 3, 2024GlobeNewswire
- Santander Hires Dealmakers From Perella, William Blair, Moelis [Yahoo! Finance]Yahoo! Finance
- Santander Hires Dealmakers From Perella, William Blair, Moelis [BNN Bloomberg (Canada)]BNN Bloomberg
- Perella Weinberg Partners (NASDAQ: PWP) had its price target raised by analysts at JMP Securities from $18.00 to $22.00. They now have a "market outperform" rating on the stock.MarketBeat
- Perella Weinberg: Comp Expense Should Go Down After Turnover [Seeking Alpha]Seeking Alpha
PWP
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/12/24 - Form ARS
- 4/12/24 - Form DEFA14A
- PWP's page on the SEC website