February 12, 2025 - 03:37
Private equity firm Rhone and the Chatterjee Group are moving forward with plans for an initial public offering (IPO) of Lummus Technology in the United States. To facilitate this significant financial endeavor, they have enlisted the expertise of Goldman Sachs Group Inc. as the lead bank for the offering. This strategic partnership highlights the growing interest in the energy and technology sectors, especially as companies seek to capitalize on market opportunities in a post-pandemic economy.
Lummus Technology, known for its innovative solutions in the energy sector, is poised to leverage the IPO to enhance its market position and expand its operational capabilities. The decision to go public aligns with broader trends in the industry, where companies are increasingly looking for ways to raise capital and increase visibility among investors. As the IPO process unfolds, stakeholders will be closely watching how Lummus Technology navigates this critical phase in its growth trajectory.
June 28, 2025 - 02:08
Embracing Change: Ford CEO Advocates for Blue-Collar Workers in the Age of AIIn a recent statement, the CEO of Ford emphasized the urgent need for a societal shift in how we perceive blue-collar workers, especially in an era increasingly dominated by advanced technologies...
June 27, 2025 - 22:53
Innovative Bus Technology Takes Center Stage at STN EXPO WestThe STN EXPO West recently showcased a unique blend of hands-on experiences and cutting-edge technology in the school transportation sector. The event featured a Ride and Drive Experience, allowing...
June 27, 2025 - 08:29
U.S. Energy Secretary Chris Wright Tours National Energy Technology LaboratoryMORGANTOWN — U.S. Secretary of Energy Chris Wright made a significant visit to the National Energy Technology Laboratory campus on Wednesday, continuing his comprehensive tour of all 17...
June 26, 2025 - 22:03
Advancements in Magnetic-Superconducting Heterostructures Propel Quantum Technology ForwardMagnetic-superconducting hybrid systems are pivotal in the quest for topological superconductivity, a unique state that may enable the existence of Majorana modes. These modes are of significant...