Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

Morning Line Club Set to Revolutionize Horse Racing Through Fractional Ownership

Published

on

morning-line-club-set-to-revolutionize-horse-racing-through-fractional-ownership
  • Morning Line Club, the innovative platform transforming horse ownership and investment, has raised its seed funding
  • With a $1,000 Entry Fee, global investors can now secure racing and breeding shares of each horse in the portfolio, which will be traded on Morning Line Club’s secondary marketplace
  • Kevin Dillon, widely recognized as Johnny “Drama” Chase on the hit series Entourage, joins as the Brand Ambassador

CHICAGO, Sept. 24, 2024 /PRNewswire/ — Morning Line Club has completed its seed funding, revolutionizing horse ownership and investment. This milestone marks an innovation in the equine investment space, allowing the company to continue its mission of democratizing horse ownership and breeding.

With the seed funding round complete, Morning Line Club is now offering Entry Fees to investors worldwide, starting at $1,000. An Entry Fee gives investors at least two racing shares and two breeding shares of each horse in the portfolio. The company has already built a strong user base, signaling a high demand for more accessible and transparent ways to invest in the horse racing industry.

In the coming months, Morning Line Club will also launch the world’s first Security Compliant Marketplace for racehorse ownership and breeding, introducing a new alternative asset class in premium thoroughbreds. This will enable investors to buy, sell, and trade fractional ownership and breeding shares through cutting-edge technology, while managing their portfolios with real-time data and performance insights.

Investors worldwide can earn up to 80% of purse winnings and 50% of breeding fees for each horse in their portfolio and receive instant liquidity from their winnings, democratizing access to the prestigious world of horse racing and empowering a new generation of investors to enter the world of horse ownership.

“We are thrilled to have completed our seed round, which will accelerate our growth and enable us to continue reshaping the landscape of horse investing. Our goal is to break down the barriers of entry and bring more flexibility, transparency, and opportunity to this exciting asset class, whilst also forming strategic partnerships within the horse racing industry” said Joel Funk, CEO of Morning Line Club.

The seed round was led by prominent investors, including blockchain platform, Avalanche. This infusion of capital will be used by the company to enhance the platform’s user experience, expand its offerings, and further Morning Line Club’s vision of making horse ownership an attainable investment option for all accredited investors.

A spokesperson at Avalanche, commented: “We are excited to welcome Morning Line Club to the Avalanche ecosystem. The platform is an innovative way for participants to get access to an asset class that has traditionally been very intensive from a capital, social, and labor perspective. Tokenized alternative assets, like those provided by Morning Line Club, continue to be a premier use case for blockchains, allowing for the automatic distribution of profits with enhanced transparency.”

Morning Line Club is also proud to announce acclaimed actor Kevin Dillon, renowned for his role as Johnny “Drama” Chase on the hit series Entourage, as its Brand Ambassador. Kevin Dillon is a passionate advocate for horse racing and brings a wealth of industry knowledge and enthusiasm to his role at Morning Line Club. Dillon’s love for the sport spans decades, evident in his frequent appearances at renowned racetracks and his support for equine welfare causes.

On Kevin’s involvement, Funk said: “It is great to welcome Kevin Dillon to the Morning Line Club family. Kevin’s passion for horse racing and his commitment to our mission make him an invaluable partner. With the support of our investors and Kevin’s enthusiasm, we are accelerating our vision of democratizing horse ownership and redefining the racing experience.”

“I am honored to partner with Morning Line Club,” Dillon commented. “As a lifelong fan of the sport, I’m excited to support this innovative platform and help introduce more people to the thrill of horse racing.”

Don’t miss out on this exclusive investment opportunity – secure your Entry Fee today and join the future of horse racing by visiting: www.morninglineclub.com or following Morning Line Club on Instagram, X, LinkedIn, and Facebook.

Advertisement

View original content:https://www.prnewswire.co.uk/news-releases/morning-line-club-set-to-revolutionize-horse-racing-through-fractional-ownership-302257208.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

Rule 10b-5 Private Securities-Fraud Litigation Peaked in 4Q’24

Published

on

rule-10b-5-private-securities-fraud-litigation-peaked-in-4q’24

BETHESDA, Md., Jan. 10, 2025 /PRNewswire/ — SAR, a data analytics company specialized in the securities litigation risk of U.S. public companies, today published the Securities Class Action Rule 10b-5 Exposure Report for 4Q 2024. According to the report, securities litigation exposure of public company defendants that trade in the NYSE and NASDAQ peaked during the fourth quarter of 2024, when records were set across the buoyant U.S. equity markets. During the bullish market conditions of 2024, shareholders claimed approx. $665.2 billion in market capitalization losses due to alleged violations of Rule 10b-5 – the most in the last five years.

According to the report, global quarterly Rule 10b-5 securities litigation exposure in 2024 was 17% greater than the average of 2023. Actual monetary settlements with investor plaintiffs last year were, on average, 23% greater than during the last six years.

SAR data and analysis indicate that the litigation exposure of U.S. public company defendants amounts to approximately $380.3 billion in 2H 2024. Shareholders claimed approximately $4.0 billion in market capitalization losses per securities class action filing, and approximately $2.0 billion per allegedly fraud-related stock drop in 2H 2024. The former metric increased by 32.1%, and the latter by 15.4% during the second half of 2024.

“Our data and analyses indicate that securities litigation exposure against U.S. public companies peaked in the fourth quarter of last year. This peak may be short-lived with an expected increase in volatility and new headwinds for U.S. equities given greater shareholder scrutiny of corporate disclosures. With average Rule 10b-5 settlements over 20% greater in 2024 than during the last six years, litigation activity is expected to increase in 2025,” said Anthony Kabanek, EVP of SAR.

According to the report, in 2023 and 2024 investor plaintiffs claimed $13.6 billion and $20.5 billion, respectively, in private Rule 10b-5 securities-fraud class actions that relied on short-seller research.

Key takeaways:

  • 86 U.S. issuers were sued for alleged violations of Rule 10b-5 during 2H 2024. Based on allegations presented in the first-filed class action complaint against each defendant issuer, U.S. SCA Rule 10b-5 Exposure amounts to $259.4 billion. U.S. SCA Rule 10b-5 Exposure decreased -5.4% relative to 1H 2024.
  • U.S. SCA Rule 10b-5 Exposure peaked in the 2nd and 3rd quarters, followed by a decline to trend in the 4th quarter of 2024.
  • 9 Non-U.S. issuers were sued for alleged violations of Rule 10b-5 during 2H 2024. Based on allegations presented in the first-filed class action complaint against each defendant issuer, ADR SCA Rule 10b-5 Exposure amounts to $120.9 billion. ADR SCA Rule 10b-5 Exposure increased by 11.3x relative to 1H 2024.
  • An anomalously high 4th quarter exposure among Non-U.S. issuers contributed to a remarkably volatile year for ADR SCA Rule 10b-5 Exposure.

  • Rule 10b-5 private securities-fraud filing frequency and potential loss severity need not move in tandem. Global exposure increased by approximately 34% in the 2H 2024 relative to 1H 2024, while filing frequency remained relatively stable.
  • 38 U.S. Large Caps were sued for alleged violations of Rule 10b-5 in 2H 2024, the same observed frequency as 1H 2024. The U.S. Large Cap SCA Rule 10b-5 Exposure amounts to $233.7 billion, a decrease of 10.1% relative to 1H 2024.
  • 22 U.S. Mid Caps were sued for alleged violations of Rule 10b-5 In 2H 2024. The U.S. Mid Cap SCA Rule 10b-5 Exposure amounts to $19.8 billion, more than 3 times the amount in 1H 2024.
  • 26 U.S. Small Caps were sued for alleged violations of Rule 10b-5. The U.S. Small Cap SCA Rule 10b-5 Exposure amounts to $5.9 billion, a decrease of 33% relative to 1H 2024.
  • 9 Non-U.S. issuers that trade via ADRs in the U.S. public markets were sued for alleged violations of Rule 10b-5. The ADR SCA Rule 10b-5 Exposure increased by over 11.3x to ~$121 billion, relative to 1H 2024.

Media contact: [email protected]

Logo – https://mma.prnewswire.com/media/944961/SAR_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/rule-10b-5-private-securities-fraud-litigation-peaked-in-4q24-302348191.html

Continue Reading

Fintech PR

Sobi’s full year 2024 revenue higher than previous estimate

Published

on

sobi’s-full-year-2024-revenue-higher-than-previous-estimate

STOCKHOLM, Jan. 10, 2025 /PRNewswire/ — Swedish Orphan Biovitrum AB (publ) (Sobi®) (STO:SOBI) announces today that revenue for the full year 2024 was higher than previous estimate. Full-year revenue was approximately SEK 26,000 M, representing approximately 19% growth at constant exchange rate (CER) (1). Adjusted EBITA margin (1,2) was in the mid-30s per cent of revenues.

The main reasons for the increased revenue are higher sales than expected in Q4 across the Haemophilia portfolio and for Kineret.

  • Altuvoct: Higher than expected rate of new patients switching to Altuvoct in markets where the product has been launched, mainly Germany and Switzerland.
  • Elocta: Benefited from higher patient numbers across markets and in markets where Altuvoct is launched there were less switches than expected from Elocta. Favorable gross-to-net effects were also observed.
  • Alprolix: Higher than expected number of new patients as well as increase in on-demand treatments across Europe.
  • Kineret: Higher than expected sales driven mainly by positive gross-to-net adjustments and favorable order phasing but also supported by increased demand.
  • The adjusted EBITA margin remained in the expected range as the stronger revenue performance was offset by negative mix effects on the gross margin as well as investments into our launch and pipeline products in the fourth quarter.

At the publication of the Q3 2024 report on 24 October 2024 Sobi stated the outlook for the full year 2024 to be: Revenue was anticipated to grow by a mid-teens percentage at CER and adjusted EBITA margin was anticipated to be in the mid-30s per cent of revenue.

Sobi will announce its fourth quarter and full year 2024 report on Wednesday 5 February 2025 at 8:00 am CET.

About Sobi
Sobi® is a specialised international biopharmaceutical company transforming the lives of people with rare and debilitating diseases. Providing reliable access to innovative medicines in the areas of haematology, immunology, and specialty care, Sobi has approximately 1,800 employees across Europe, North America, the Middle East, Asia, and Australia. In 2023, revenue amounted to SEK 22.1 billion. Sobi’s share (STO:SOBI) is listed on Nasdaq Stockholm. More about Sobi at sobi.com and LinkedIn.

Contacts
For details on how to contact the Sobi Investor Relations Team, please click here. For Sobi Media contacts, click here.

This information is information that Sobi is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 18:00 CET on 10 January 2025.

Gerard Tobin
Head of Investor Relations

[1] Alternative Performance Measures (APMs).
[2] Excluding items affecting comparability (IAC).

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/swedish-orphan-biovitrum-ab/r/sobi-s-full-year-2024-revenue-higher-than-previous-estimate,c4090207

Advertisement

The following files are available for download:

https://mb.cision.com/Main/14266/4090207/3201026.pdf

Sobi’s full year 2024 revenue higher than previous estimate

View original content:https://www.prnewswire.co.uk/news-releases/sobis-full-year-2024-revenue-higher-than-previous-estimate-302348202.html

Continue Reading

Fintech PR

Knowledge Graph Market worth $6,938.4 million by 2030 – Exclusive Report by MarketsandMarkets™

Published

on

knowledge-graph-market-worth-$6,938.4-million-by-2030-–-exclusive-report-by-marketsandmarkets

DELRAY BEACH, Fla., Jan. 10, 2025 /PRNewswire/ — The Knowledge Graph Market is expected to reach USD 6,938.4 million by 2030 from USD 1,068.4 million in 2024, at a Compound Annual Growth Rate (CAGR) of 36.6% from 2024–2030, according to new research report by MarketsandMarkets™.

The knowledge graphs ensure enterprise knowledge management through the rebuilding of complex data with interconnected nodes and relationships by providing a simpler way to navigate and retrieve information. It helps businesses build a fully comprehensive knowledge graph uniting disparate data sources, enables complex semantic search, context-aware recommendations, and data discovery. Knowledge graphs support better decision-making, foster innovation, and improve cooperation across teams by mapping relationships between organizational knowledge. They are particularly useful for large organizations, which depend on accessing and utilizing vast amounts of structured and unstructured data to be productive and competitive.

Browse in-depth TOC on “Knowledge Graph Market 

344 – Tables
51 – Figures
359 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=217920811

Scope of the Report

Report Metrics

Details

Market size available for years

2019–2030

Advertisement

Base year considered

2024

Forecast period

2024–2030

Forecast units

Value (USD Million)

Segments Covered

(solutions (enterprise knowledge graph platform, graph database engine, knowledge management toolset) services ( professional services, managed services) by model type (Resource Description Framework (RDF) Triple Stores, Labeled Property Graph (LPG)) by applications (data governance and master data management, data analytics and business intelligence, knowledge and content management , virtual assistants, self-service data and digital asset discovery, product and configuration management, infrastructure and asset management,  process optimization and resource management, risk management, compliance, regulatory reporting, market and customer intelligence, sales optimization, other applications) by vertical (Banking, Financial Services, and Insurance (BFSI), retail and eCommerce, healthcare, life sciences, and pharmaceuticals telecom and technology, government, manufacturing and automotive, media & entertainment, energy, utilities and infrastructure, travel and hospitality, transportation and logistics, other vertical)

Region covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Advertisement

Companies covered

IBM Corporation (US), Oracle (US), Microsoft Corporation (US), AWS (US), Neo4j (US), Progress Software (US), TigerGraph (US), Stardog (US), Franz Inc (US), Ontotext (Bulgaria), Openlink Software (US), Graphwise (US), Altair (US), Bitnine ( South Korea) ArangoDB (US),  Fluree (US), Memgraph (UK), GraphBase (Australia), Metaphacts (Germany), Relational AI (US), Wisecube (US), Smabbler (Poland), Onlim (Austria), Graphaware (UK), Diffbot (US), Eccenca (Germany), Conversight (US), , Semantic Web Company (Austria), ESRI (US)

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=217920811

By vertical, the BFSI segment to hold the largest market size during the forecast period.

The knowledge graphs serve as a strong foundation for relating customer data, transactions history, credit scores, and risk profiles within the BFSI (Banking, Financial Services, and Insurance) sector, allowing the exact relationship mapping and insights. These are also employed in fraud detection through real-time identification of hidden patterns and for regulatory compliance with standards such as AML (Anti Money Laundering) and KYC (know Your Customer), where data can be traced and is transparent. In banking, knowledge graphs facilitate credit risk analysis which makes the process of loan approval more efficient, in insurance by linking policies, claims data, and fraud indicators thus optimizing claims processing. All these will, when combined with other data points, produce AI-powered applications: personalized advice-based solutions on finances and intelligent virtual assistants, which will create operational efficiency and improved customer experience in BFSI.

Virtual assistants, self-service data, and digital asset discovery segment to have the highest growth during the forecast period.

Knowledge graphs are essential for building virtual assistants, self-service data platforms, and even digital asset discovery, for they build interconnected data networks that help in enhancing the searchability and insights. Virtual assistants use knowledge graphs to provide context-sensitive responses that improve user interactions and provide tailored recommendations. Self-service data platforms use knowledge graphs to allow business users to access and analyze complex datasets without technical help, which helps them to make better decisions. They make the identification and classification of digital resources, such as documents or media, easier through linking metadata and content relationships for the discovery of digital assets. This capability enables effective resource management, innovation, and improvement in user experience in areas such as content creation, research, and enterprise workflows.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=217920811

Asia Pacific is expected to witness the highest market growth rate during the forecast period.

The knowledge graph landscape is rapidly evolving in Asia Pacific, with initiatives across various domains. In December 2022, the National Library Board (NLB), Singapore, launched a Linked Data-based Semantic Knowledge Graph to merge resources from libraries and archives using BIBFRAME and Schema.org vocabularies for seamless updating and improved data quality. HydroKG in Australia merges hydrologic data from resources such as GeoFabric and HydroATLAS that allow for pinpoint queries on water bodies and river networks, enabling better environmental management. Japan uses knowledge graphs in manufacturing for supply chain optimization and South Korea uses it in telecommunications to enhance the customer experience through personalized AI.

Advertisement

Top Key Companies in Knowledge Graph Market

The major vendors covered in the Knowledge graph market are IBM Corporation (US), Oracle (US), Microsoft Corporation (US), AWS (US), Neo4j (US), Progress Software (US), TigerGraph (US), Stardog (US), Franz Inc (US), Ontotext (Bulgaria), Openlink Software (US), Graphwise (US), Altair (US), Bitnine ( South Korea) ArangoDB (US), Fluree (US), Memgraph UK), GraphBase (Australia), Metaphacts (Germany), Relational AI (US), Wisecube (US), Smabbler (Poland), Onlim (Austria), Graphaware (UK), Diffbot (US), Eccenca (Germany), Conversight (US), Semantic Web Company (Austria), ESRI (US), Datavid (UK), and SAP (Germany). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the Knowledge graph market.

Browse Adjacent Markets: Information and Communications Technology Market Research Reports & Consulting

Related Reports:

Digital Signature Market – Global Forecast to 2030

AI In Media Market – Global Forecast to 2030

Data Diode Market – Global Forecast to 2030

Geospatial Analytics Market – Global Forecast to 2029

Property Management Market – Global Forecast to 2030

Get access to the latest updates on Knowledge Graph Companies and Knowledge Graph Industry

Advertisement

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

 

Advertisement

Cision View original content:https://www.prnewswire.co.uk/news-releases/knowledge-graph-market-worth-6-938-4-million-by-2030–exclusive-report-by-marketsandmarkets-302347820.html

Continue Reading

Trending