Upstart Stock Is Sliding Tuesday: What's Going On?
Upstart Stock Is Sliding Tuesday: What's Going On?
The notes will mature on Nov. 15, 2030, unless earlier converted, repurchased or redeemed. The notes will be convertible into cash, shares of Upstart common stock, or a combination.Upstart Holdings Inc (NASDAQ:UPST) shares are trading lower Tuesday after the company announced a proposed private offering of convertible senior notes.
upstart控股公司（納斯達克：UPST）的股票週二交投走低，原因是該公司宣佈擬提出可轉換優先債務私募。
What Happened: After the market close on Monday, Upstart announced that it intends to offer $425 million of convertible senior notes due 2030 in a private offering to qualified institutional buyers.
事件經過：週一收盤後，Upstart宣佈擬向合格機構買傢俬下發行於2030年到期的42500萬美元可轉換優先債券。
Upstart will grant the underwriters a 13-day option to purchase up to an additional $75 million worth of the notes.
Upstart將向承銷商授予13天期權，購買最多7500萬美元額度的附加債券。
The notes will mature on Nov. 15, 2030, unless earlier converted, repurchased or redeemed. The notes will be convertible into cash, shares of Upstart common stock, or a combination.
除非提前轉換、回購或贖回，債券將於2030年11月15日到期。債券可轉換爲現金、Upstart普通股股份，或其組合。
Upstart said it expects to use any net proceeds for general corporate purposes, which may include the repayment or the retirement of existing debt.
Upstart表示預計將利用淨收益用於一般公司用途，包括償還或提前養老現有債務。
The offering comes after Upstart reported third-quarter financial results last week that beat analyst expectations, showing strong lending volume growth and a return to positive adjusted EBITDA.
此次發行之前，Upstart上週發佈了第三季度財務業績，超出了分析師的預期，顯示出強勁的放貸成交量增長和回歸正向調整後息稅折舊攤銷前利潤（adjusted EBITDA）。
"Even without a significant boost from the macroeconomy, we're back in growth mode," said Dave Girouard, co-founder and CEO of Upstart.
upstart的聯合創始人兼CEO戴夫·吉洛說：「即使沒有宏觀經濟的顯著提振，我們也恢復了增長模式。」
Upstart guided for fourth-quarter revenue of approximately $180 million. The company anticipates adjusted EBITDA of approximately $5 million in the fourth quarter.
Upstart指導第四季度營業收入約爲18000萬美元。該公司預計第四季度的調整後息稅折舊攤銷前利潤約爲500萬美元。
Several analysts also raised price targets on Upstart following the print. Piper Sandler upgraded Upstart and raised the price target to $85, Citigroup upgraded the stock and raised its target to $87, JPMorgan upgraded the stock and raised its target to $45 and Wedbush lifted its price target to $60.
多位分析師在Upstart發佈業績後提高了價格目標。 派傑投資將Upstart評級升級，並將價格目標提高至85美元，花旗集團將該股評級升級並將目標提高至87美元，摩根大通將該股評級升級並將目標提高至45美元，Wedbush將其價格目標提高至60美元。
UPST Price Action: Upstart shares were down 7.07% at $72 at the time of publication, according to Benzinga Pro.
Upstart股價走勢：根據彭博專業版，Upstart股價在發表時以72美元下跌了7.07%。
Photo: courtesy of Upstart.
照片：由upstart提供。
譯文內容由第三人軟體翻譯。
