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The stock was originally listed on the Alberta Stock Exchange in 1989, and subsequently in 1996 on the Toronto Stock Exchange and NASDAQ. [8] The stock price of Bre-X rose to CA$280 per share by 1997 (split adjusted) and at its peak it had a market capitalization equal to US$4.4 billion, equivalent to US$8.4 billion in 2023. [9]
Brex Inc. is an American financial service and technology company that offers business credit cards and cash management accounts to technology companies. [4] Brex cards are business charge cards, which require at least $50,000 in a bank account if professionally invested, if not with $100,000 to open, and cardholders who default won't damage their personal credit or assets. [5]
Fintech giant Brex, valued at $12.3 billion, is laying off 20% of its staff, Fortune has learned. According to an employee at the company, an internal meeting was announced at 11:30 a.m. EST and ...
Walsh was founder, leader and CEO of the Canadian mining company Bre-X, which was involved in one of the largest stock market scandals in Canadian history. Although Walsh had been oblivious to or dismissive of warning signs before the outbreak of the scandal, he called in RCMP investigators once the fraud was identified, and assisted the RCMP in their criminal investigation.
In line with its April 13 announcement that it’s making a “big push” into software, Brex has acquired Y Combinator-backed Pry Financials for $90 million, the company told TechCrunch exclusively.
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Real estate tech companies Redfin and Compass combined let go of over 900 workers while Notarize and Wealthsimple conducted staff cuts of their own. Three months after announcing it would make a ...
Bre-X bought the Busang site in March 1993 and, in October 1995, announced significant amounts of gold had been discovered, sending its stock price soaring. Originally a penny stock, its market price reached a peak at CAD $286.50 per share in May 1996 on the Toronto Stock Exchange (TSE), with a total capitalization of over CAD $6 billion.