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Morningstar, Inc
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois and was founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services. With operations in 29 countries, Morningstar's research and recommendations are considered by financial journalists as influential in the asset management industry, and a positive or negative recommendation from Morningstar analysts can drive money into or away from any given fund. Through its asset management division, the firm currently manages over . The firm also provides software and data platforms for investment professionals, including "Morningstar Research Portal", "Morningstar Direct" and "Morningstar Advisor Workstation". History Founder Joe Mansueto initially had the idea for Morningstar in 1982 while reviewing mutual fund annual reports he had requested from several prominent fund managers. However, it was only after a year working as a stock analyst for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OpenIPO
OpenIPO is a modified Dutch auction which allows shares of an initial public offering (IPO) to be allocated impartially. It is a variation on the traditional way that shares are sold during the IPO process and results in all successful bidders paying the same price per share. Based on an auction system designed by the economist William Vickrey, the OpenIPO auction uses a mathematical model to treat all qualifying bids impartially. It is similar to the model used to auction Treasury bills, notes, and bonds. Just like in a typical auction, the highest bidders win in an OpenIPO auction, but there are important differences. In the OpenIPO auction, the entire auction is private, and winning bidders all pay the same price per share—the public offering price. WR Hambrecht + Co has used OpenIPO to take various companies public including Morningstar, Interactive Brokers Group, Overstock.com, Ravenswood Winery, Clean Energy Fuels, and Boston Beer Company. The company also functioned as c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Google
Google LLC () is an American multinational technology company focusing on search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence, and consumer electronics. It has been referred to as "the most powerful company in the world" and one of the world's most valuable brands due to its market dominance, data collection, and technological advantages in the area of artificial intelligence. Its parent company Alphabet is considered one of the Big Five American information technology companies, alongside Amazon, Apple, Meta, and Microsoft. Google was founded on September 4, 1998, by Larry Page and Sergey Brin while they were PhD students at Stanford University in California. Together they own about 14% of its publicly listed shares and control 56% of its stockholder voting power through super-voting stock. The company went public via an initial public offering (IPO) in 2004. In 2015, Google was reor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NRSRO
A nationally recognized statistical rating organization (NRSRO) is a credit rating agency (CRA) approved by the U.S. Securities and Exchange Commission (SEC) to provide information that financial firms must rely on for certain regulatory purposes. History The use of the term NRSRO began in 1975 when the SEC promulgated rules regarding bank and broker-dealer net capital requirements (). Prior to 1975, the SEC did not adopt specific standards for determining which credit rating agencies were "nationally recognized", and instead addressed the question on a case-by-case basis. NRSRO recognition was granted by the SEC through a "No Action Letter" sent by the SEC staff. Under this approach, if a CRA (or investment bank or broker-dealer) were interested in using the ratings from a particular CRA for regulatory purposes, the SEC staff would research the market to determine whether ratings from that particular CRA were widely used and considered "reliable and credible." If the SEC staff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ally Financial
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets. Ally is one of the largest car finance companies in the U.S., providing car financing and leasing for 4.5 million customers and originating 1.4 million car loans annually. It is on the list of largest banks in the United States by assets and has 2.0 million depositors. Its electronic trading platform has approximately 350,000 funded accounts. The company has sold more than 5 million vehicles, including 270,000 vehicles sold in 2019 via its SmartAuction online marketplace for auto auctions, launched in 2000. The company was known as GMAC, an acronym for General Motors Acceptance Corporation, until 2010. History The company was founded in 1919 by General Motors (GM) a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sustainalytics
Sustainalytics, a Morningstar Company, is a company that rates the sustainability of listed companies based on their environmental, social and corporate governance (ESG) performance. The company was born of a merger between Toronto-based Jantzi Research, which was founded in 1992 by Sustainalytics' current CEO Michael Jantzi, and its European counterpart. Following its acquisition of GES International on January 9, 2019, Sustainalytics had more than 600 employees with offices in 17 cities around the world and over 700 institutional investor clients. On April 21, 2020, Morningstar, Inc. acquired the remaining ~60% of Sustainalytics' shares to become the sole owner. Morningstar acquisition In 2016, Morningstar, Inc. released the first sustainability rating for mutual funds and exchange-traded funds based on Sustainalytics' company ESG research. In 2017, Morningstar, Inc. become a 40% shareholder in the company alongside senior management, Stichting Pensioenfonds Zorg en Welzijn ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DBRS
DBRS Morningstar is a global credit rating agency (CRA) founded in 1976 (originally known as Dominion Bond Rating Service in Toronto). DBRS was acquired by the global financial services firm Morningstar, Inc. in 2019 for approximately $700 million. Following the acquisition, DBRS's operations have been integrated with Morningstar Inc.'s credit ratings business, Morningstar Credit Ratings, to create DBRS Morningstar. Overview DBRS Morningstar, which has offices in Toronto, New York, Chicago, London, Frankfurt and Madrid, is the fourth-largest credit rating agency by global market share, with approximately between 2% and 3% of global market share. DBRS comprises five affiliated operating companies – DBRS Limited; DBRS, Inc.; DBRS Ratings Limited; DBRS Ratings GmbH; and DBRS Ratings GmbH, Sucursal en España. Following the acquisition of DBRS and Morningstar Credit Ratings, Detlef Scholz was named president of the credit ratings business. Registered with the U.S. Securities and E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Tribune
The ''Chicago Tribune'' is a daily newspaper based in Chicago, Illinois, United States, owned by Tribune Publishing. Founded in 1847, and formerly self-styled as the "World's Greatest Newspaper" (a slogan for which WGN radio and television are named), it remains the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region. It had the sixth-highest circulation for American newspapers in 2017. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the Republican Party's progressive wing. In the 20th century under Medill's grandson, Robert R. McCormick, it achieved a reputation as a crusading paper with a decidedly more American-conservative anti-New Deal outlook, and its writing reached other markets through family and corporate relationships at the ''New York Daily News'' and the ''Washington Times-Herald.'' The 1960s saw its corporate parent owner, Tribune Company, rea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PitchBook Data
PitchBook Data, Inc. is a SaaS company that delivers data, research and technology covering private capital markets including venture capital, private equity and M&A transactions. It is based in Seattle, Washington, with regional offices in London, San Francisco, New York City, Mumbai and Hong Kong. The PitchBook Platform is a subscription-only database that includes analytical tools which help users make sense of the information it collects on companies, investors, deals, mergers and acquisitions, funds, advisors, and people. Products PitchBook products include: * PitchBook Desktop * PitchBook Mobile * PitchBook Direct Data * PitchBook CRM Integration * PitchBook Chrome Extension Functionality Within the PitchBook Platform, users can access a variety of analysis tools to run targeted searches, research emerging technologies, build financial models Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with eco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
