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Kiani has just under 4 million Masimo shares, or around 7.5% of the company, according to FactSet data. Masimo shares are up 15% this year, lifting the company's market cap past $7 billion. Politan controls 8.9% of Masimo shares. Kiani, 59, pledged 2.97 million Masimo shares as of April, valued at $397 million, as collateral against "personal loans." "Rather than sell his pledged shares, Mr. Kiani increased his pledge to maintain his stock ownership."
Persons: Joe Kiani, Joe Biden, Quentin Koffey's, Kiani, Masimo, Politan Organizations: Apple, Capital Management, CNBC
Margie and Ed Imo opened their first tiny pizzeria in 1964 in St. Louis' historic The Hill neighborhood. AdvertisementSt. Louis West is the most quintessential Imo's location, in my opinionThe Imo's location on Hampton Avenue is right by Forest Park in St. Louis. Holly FannI stopped in for a bite at Imo's St. Louis West location on Hampton Avenue because I think it rises above the others in the city. The St. Louis West location has custom iron chairs and fun decor. AdvertisementToasted ravioli is another St. Louis delicacyYou'll find toasted ravioli on menus across St. Louis.
Persons: Louis, Margie, Ed Imo, it's, Louis West, St . Louis, Holly Fann, Holly Organizations: Business, Imo's St Locations: Midwest, Missouri, St, Missouri , Illinois, Kansas, provolone, Hampton, St ., Imo's, Forest, New York
Instacart went public on Tuesday after raising $924 million in its IPO. Many of Instacart's executives, founders, and investors stand to make millions. Instacart's cofounder Apoorva Mehta and CEO Fidji Simo's stakes are worth $1.2 billion and $21.6 million. After a long lull in the IPO market, Instacart has jumped in as one of the first companies to break the tech IPO drought of the past two years and go public. This story is available exclusively to Insider subscribers.
Persons: Instacart, Apoorva Mehta, Fidji, Brandon Leonardo, Max Mullen, Fidji Simo Organizations: Instacart's
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