Wall Street closed sharply lower on Monday with rising bond yields acting as a drag on the market’s growth stocks, ahead of the launch of crucial inflation data. All three major U.S. stock indexes ended deep in negative territory, with… Read More ›
Nasdaq
Virgin Orbit goes public through merger with blank check company NextGen Acquisition Corp. II
In a statement Richard Branson’s Virgin Orbit said, it is going public through a merger with a blank-check company in a deal valued at around $3.2 billion. The deal is expected to provide $483 million in proceeds to the combined… Read More ›
Uruguayan payment startup DLocal valued at $6.06 billion, raises $617.65M in US IPO
In a statement, Uruguayan payment startup DLocal said, it had raised $617.65 million through its initial public offering. The company had priced its 29.4 million shares at $21 each above its indicated price range of $16-$18. The IPO valued DLocal… Read More ›
Jessica Alba co-founded Honest Company Inc raises $412.8 million in IPO
In a statement, actress Jessica Alba founded Honest Company Inc said, it has priced its initial public offering (IPO) slightly above the midpoint of its indicated price range, raising $412.8 million. Late on Tuesday, the company said it had sold 25.8… Read More ›
Short-seller Hindenburg Research takes aim at Ebang International Holdings Inc
With short-seller Hindenburg Research stating that it was going short on China’s Ebang International Holdings Inc, shares of the Chinese bitcoin mining machine producer slumped by nearly 20% in early trading. “Ebang claims to be a “leading bitcoin mining machine… Read More ›
Alibaba-backed Energy Monster’s US IPO caught in legal dispute
Alibaba and SoftBank-backed China’s biggest mobile device power bank startup Energy Monster has been caught in an ownership dispute which clouds its chances of a Nasdaq debut, already buffeted by new U.S. regulations to delist foreign companies that do not… Read More ›
Patria Investments Ltd expects IPO valuation between $1 billion to 1.6 billion
In a statement Brazilian asset manager Patria Investments Ltd said it is slated to reach a valuation of between $1 billion to $1.6 billion in its planned initial public offering (IPO) on Nasdaq. On December 30, Patria, which has $13… Read More ›
Airbnb’s IPO trades above IPO target
According to sources familiar with the matter at hand, Airbnb Inc’s sale of shares during its initial public offering (IPO) sold at $68 apiece, above its targeted price range, and raised around $3.5 billion, giving it a diluted valuation of… Read More ›
Norway allows Euronext to acquire majority stake in Oslo Bors VPS
The development essentially being closure to the five-month battle between Euronext and Nasdaq for ownership of the Norwegian stock market operator. In a development that essentially confirms a statement by Euronext, Norway’s finance ministry has stated it will allow Euronext’s… Read More ›
U.S. economic growth could result in faster interest rates hike
Part of the reason why global markets are jittery is due to the chatter of U.S. economic data, for the second quarter, that is streaming in, which could easily cross current analysts’ forecasts of 4.1%. A higher growth rate is… Read More ›
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