Dun & Bradstreet Holdings, Inc. - DNB STOCK NEWS

Dun & Bradstreet (NYSE:DNB) has announced significant enhancements to its small business offerings, including a digital self-service platform, strategic partnerships with Bank of America and Plaid, and a new resource hub. These innovations aim to support small businesses, which constitute over 90% of U.S. businesses, in managing their credit profiles and accessing financing. The platform includes a customer portal, a D&B Marketplace, and a self-service business listing tool. Early adopters report improved credit scores, highlighting the benefits of these initiatives.

Dun & Bradstreet (NYSE: DNB) reported its 2020 financial results, showcasing a 10.2% revenue increase to $1.738 billion, despite a $175.6 million net loss. Q4 revenue reached $480.1 million, an 11.0% rise, with adjusted EBITDA up 32.2% to $208.9 million. Adjusted EPS for the year was $0.95. The company plans for 2021 adjusted revenues between $2.145 billion and $2.175 billion and adjusted EBITDA of $840 million to $855 million. CEO Anthony Jabbour highlighted successful IPO and strategic acquisitions as foundation for future growth.

Dun & Bradstreet (NYSE:DNB) announced the release date for its fourth quarter and full-year 2020 earnings, scheduled for February 8, 2021, before the market opens. The company will hold a conference call at 8:30 a.m. Eastern Time to discuss the results. Additionally, CFO Bryan Hipsher will participate in several virtual investor conferences during the first quarter of 2021, including those hosted by Truist, Bank of America, and Jefferies.

Dun & Bradstreet (NYSE:DNB) has successfully acquired Bisnode Business Information Group AB for an enterprise value of 7.2B SEK, finalized with approximately $625 million in cash and 6,237,089 newly issued shares. This strategic acquisition aims to enhance Dun & Bradstreet's data and analytics offerings in Europe, supporting nearly 250,000 clients. The company anticipates increased efficiencies and reduced risk exposure through combined assets and has established an International Strategic Advisory Board to guide further integration and growth.

Dun & Bradstreet announced it will release its third quarter 2020 earnings on November 5, 2020, before market opening, followed by a conference call at 8:00 a.m. ET. Investors can join via webcast or telephone. The company will also present at three upcoming investor conferences: RBC Global Technology Conference on November 17, the J.P. Morgan Ultimate Services Conference on November 19, and the Credit Suisse Technology Conference on November 30. Webcasts will be available on their Investor Relations website.

Dun & Bradstreet (NYSE:DNB) has launched D&B Connect, a self-service data management platform designed to enhance data quality across organizations. This platform enables businesses to manage sales and marketing data efficiently, leveraging Dun & Bradstreet's Data Cloud. Key features include a centralized data hub, identity resolution, and team-based controls. A Forrester study indicates clients can achieve a 9-fold increase in speed and a 173% ROI over three years. Future enhancements will broaden the platform's capabilities for finance and risk applications.

Dun & Bradstreet has announced a definitive agreement to acquire Bisnode Business Information Group for approximately $818 million USD (7.2B SEK). This acquisition, set to close in January 2021, will expand Dun & Bradstreet's presence in Europe, particularly in Scandinavian, DACH, and central European markets. The deal will add over 110,000 Bisnode customers to Dun & Bradstreet's portfolio, enhancing its data cloud with 33 million records from Europe, while 75% of the consideration will be paid in cash, with 25% in newly issued shares.

Dun & Bradstreet has successfully closed its initial public offering (IPO) of 90,047,612 shares at $22.00 per share, generating gross proceeds of approximately $2.38 billion. The IPO was completed on July 6, 2020, following its trading debut on the NYSE under ticker symbol 'DNB' on July 1, 2020. The company utilized part of the proceeds to redeem all Series A Preferred Stock and repay a portion of its Senior Unsecured Notes due in 2027. The remaining funds will be used as outlined in the IPO prospectus.

Dun & Bradstreet announced the pricing of its initial public offering (IPO) of 78,302,272 shares at $22.00 per share. The shares will start trading on the NYSE under the symbol DNB on July 1, 2020, with the offering closing on July 6, 2020, pending customary conditions. The underwriters hold an option for an additional 11,745,340 shares. Concurrently, Cannae Holdings, Black Knight, and CC Capital will invest $400 million in private placements. Proceeds will be used to redeem Series A Preferred Stock, repay Senior Unsecured Notes, and for general corporate purposes.