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In Unity’s virtual IPO presentation on Friday, the CEO and CFO said employees are able to sell some shares on day one.

Inflation may be stronger in coming quarters than Wall Street now expects, said St. Louis Fed President James Bullard on Friday. “I actually think we’re at a moment where you may see some inflation now,” Bullard said, during a virtual discussion sponsored by the Boeing Center for Supply Chain Innovation at Washington University. The Fed has signaled that it would allow inflation to overshoot its 2% target for some time. The pledge has met with some skepticism on Wall Street because the central bank has failed to hit its 2% target in recent years. Bullard said there were several factors that could push the price level higher: a more relaxed Fed, huge fiscal deficits and possible bottleneck pressures given the 30% annual growth rate expected in the June-September quarter. “I actually think you may see more inflation than we have during the pre-pandemic era… when inflation was very subdued,” he said.

https://www.cnbc.com/2020/09/18/watch-live-the-world-health-organization-holds-a-press-briefing-on-the-coronavirus-pandemic.html

Unity Software Inc.’s stock is currently indicated to open on the NYSE at $65 to $67, according to data provided by FactSet. That would be 25.0% to 28.8% above the videogame software company’s $52 initial public offering price. The stock’s opening indication has climbed steadily, from an initial indication of $59 to $61. The company is going public Friday at a time the Renaissance IPO ETF is slipping 0.3% while the S&P 500 is easing 0.2%.

Shares of Vitru Ltd. limped out of the gate Friday, with the first trade 1.6% above the initial public offering price. The Brazil-based digital education company said Friday that its downsized IPO priced at $16 share, at the low end of the expected range of $16 to $18 a share, which was recently lowered from expectations of $22 to $24. The stock’s first trade on the Nasdaq was at $16.25 at 10:25 a.m. Eastern for 110,436 shares. The company sold 6 million shares in the IPO, which was lowered recently from 11.23 million shares, to raise $96 million. The company was valued at $368.9 million at the IPO price. The stock has pared some gains since it opened, to trade up just 0.7% at $16.11. Vitru’s public debut comes at the end of a busy week for IPOs, which was highlighted by Snowflake Inc.’s red-hot debut earlier this week. The Renaissance IPO ETF has rallied 20.4% over the past three months, while the S&P 500 has gained 7.7%.

Grenke shares edged up 1% Friday afternoon as the German leasing company was holding a conference call with analysts. Earlier, the company said it’s hired KPMG to conduct an audit, as the firm argues that the accounting irregularities charges made by short-seller Viceroy are incorrect. Grenke shares dropped 19% on Tuesday, dropped 40% on Wednesday, and rose 34% on Thursday.

Social media users are re-evaluating whether they should have accounts on platforms like Facebook and Instagram after a new documentary-drama called “The Social Dilemma” dropped on Netflix.

The leading economic index rose 1.2% in August, the Conference Board said Friday. This is a slower pace than the revised 2% rise in July and 3.1% gain in June. “The slowing of the improvement suggests that this summer’s economic rebound may be losing steam heading into the final stretch of 2020,” said Ataman Ozyildirim, director of business cycles research at the board. The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys.

https://www.cnbc.com/2020/09/18/nico-rosberg-asks-governments-to-up-their-game-on-climate-change.html

Compass Pathways PLC’s stock is set to debut Friday, after the U.K.-based mental health care company’s upsized initial public offering price at $17 a share, above the expected range of between $14 and $16 a share. The company sold 7.5 million American depositary shares (ADS) in the IPO, up from previous expectations of 6.7 million ADS, to raise $127.5 million. The pricing values the company at around $578.1 million. The stock is slated to start trading on the Nasdaq exchange under the ticker symbol “CMPS.” The company is looking to go public at a time that the Renaissance IPO ETF has rallied 20.5% over the past three months, while the S&P 500 has gained 7.7%.