Center City
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Philadelphia Gas Royalty Firm WhiteHawk Minerals Lands Region’s Largest IPO of 2026
WhiteHawk Minerals didn’t exist before 2022, but the Center City natural gas mineral and royalty company just delivered the largest initial public offering anywhere in the Philadelphia region this year, raising more than $200 million, write Ryan Mulligan and Nishanth Bhargava for the Philadelphia Business Journal. Underwriters upsized the offering to 7.7 million shares, priced…
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Hotel and Airbnb Bookings Fall Short of Expectations for FIFA World Cup in Philadelphia
Philadelphia raised $140 million to host the FIFA World Cup. So why are hotel rooms still available? With six matches scheduled between June 14 and July 4, city officials have been aggressively marketing the tournament and its surrounding fan events to draw visitors from across the country and around the world. Yet days with the…
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How a Philadelphia Company Fits Into SpaceX’s $2 Trillion IPO Story
SpaceX completed its blockbuster initial public offering on Friday, and by the closing bell, its valuation had surged past $2 trillion, instantly making Elon Musk the world’s first trillionaire, at least on paper. The headlines went where they always go: Musk, Starship, the future of space exploration. But buried in that story is a quieter…
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