Deals
Benzinga CEO Sees Growth After Beringer Takes Majority Stake
The Robinhood website home screen on a laptop computer arranged in the Brooklyn borough of New York, U.S., on Saturday, Dec. 19, 2020.
Photographer: Bloomberg
This article is for subscribers only.
Benzinga is poised for growth and is evaluating potential acquisitions after private equity firm Beringer Capital took a majority stake in the startup financial media and analytics organization, Chief Executive Officer Jason Raznick said.
“We think there’s a huge upswing and we wanted to accelerate our growth,” Raznick said in a CNBC interview Monday, the same day Beringer announced the investment. “We’re seeing a lot of holes in the market that we think we can uniquely speak to when it comes to an active trader trying to hear what is going on in the market.”