Tag Archives: debut

Bitcoin sits above $64,000 on Tuesday, zeroing in on a record high as excitement over its first exchange-traded fund (ETF) — and another soon to come — reached a fever pitch. As the largest cryptocurrency by market capitalization rallied by over 4% on the day, The Proshares Bitcoin Strategy ETF (BITO) launched on the the New York Stock Exchange (NYSE) — the first ever BTC (BTC) related fund available to U.S. investors. While some market participants have questioned the utility of the… Source link

* Shares fall as much as 20% below IPO price * Worries about China crackdown on gaming sector * Worst debut for S.Korean listing since 2004 (Updates with milestone, closing price, market capitalisation, KOSPI ranking, adds analyst comment) By Joyce Lee and Scott Murdoch SEOUL/HONG KONG, Aug 10 (Reuters) – Shares in Krafton Inc , the Tencent Holdings-backed South Korean company behind blockbuster video game “PlayerUnknown’s Battlegrounds” (PUBG), fell as much as 20% on their trading debut on… Source link

(Bloomberg) — Robinhood Markets Inc. wanted to make history with its initial public offering, and now it has — for the wrong reason. Shares in the broker behind the meme-stock revolution fell 8.4% below the IPO price in the company’s first trading session. That’s the worst debut on record among 51 U.S. firms that raised as much cash as Robinhood or more, according to data compiled by Bloomberg. It dethroned the 2007 IPO by another brokerage, MF Global Holdings Ltd., as the worst debut… Source link

Nigel Kinrade/NKP/Motorsport Images/Shutterstock / Nigel Kinrade/NKP/Motorsport Images/Shutterstock Baby Doge, a “new crypto birthed by fans of the Doge Coin online community,” is making its NASCAR debut Saturday, as the coin’s branding will be featured on driver Brandon Brown’s No. 68 Chevrolet Camaro. See: Visa Crypto-Linked Cards Have Amassed $1 Billion in Spending so Far this Year, Company Launches New Card with BlockFiFind: Is the Shiba Inu Coin the Cryptocurrency You Should Be… Source link

Shares of Chinese ride-hailing giant Didi Global (DIDI) ended their first day of trading on the New York Stock Exchange at $14.20 apiece, kicking off what is set to be a busy summer of initial public offerings on the U.S. exchanges. The price represented an increase of 1.4% from Didi Global’s IPO price of $14 per American depository share on Tuesday. Earlier, shares opened at $16.65 apiece and climbed to as high as $18.00 during the session.  The company said it sold 316.8 million shares to… Source link

By Sohini Podder    (Reuters) -Shares of Sprinklr Inc, which counts Microsoft Corp and Verizon Communications Inc as customers, fell nearly 9% in their U.S. stock market debut on Wednesday, valuing the software startup at about $3.7 billion.    The New York-based company, backed by private equity firm Hellman & Friedman, raised $266 million in its downsized initial public offering on Tuesday. (https://bit.ly/3gVux0R)    Shares opened at $14.60, compared with Sprinklr’s IPO price of $16… Source link

Bronny James made his return Friday night for Sierra Canyon in front of his father and Drake. (Krysten Peek/Yahoo Sports) CHATSWORTH, Calif. — Los Angeles Lakers star LeBron James didn’t make the second round of the NBA playoffs for the first time in 14 seasons after the Phoenix Suns eliminated the defending champions in six games last week. The Los Angeles Clippers are still in the playoffs (and playing at home tomorrow night) but it was the CIF Southern Sectional Finals between Sierra… Source link

Benzinga AMC & GME are Not the Only Reddit Penny Stocks to Buy According to Top Wall Street Analysts If you’re looking for penny stocks to buy right now, I’m sure you’ve seen plenty of attention placed on social media, namely Reddit. The phenomenon that began earlier in the year thanks to GameStop (NYSE: GME) stock has caused an avalanche of trading activity spilling over into other heavily shorted names. Whether you’re talking about beaten-down meat alternative stocks like Beyond Meat… Source link

Bloomberg Ex-High School Classmates Are Among the World’s Largest Crypto Holders (Bloomberg) — Kyle Davies and Su Zhu started Three Arrows Capital at the kitchen table of their apartment in 2012. Now they’re among the world’s biggest crypto holders with a portfolio worth billions of dollars.At least for the moment.Their portfolio was rocked in recent days as environmental concerns over mining, regulatory scrutiny, warnings by Chinese authorities about digital currency payments and a… Source link

Wall Street benchmarks advanced on Thursday, with investors reacting to jobless claims falling to a new COVID-19 era low, but wary of rising inflation may force the Federal Reserve to normalize monetary policy sooner rather than later.   Good news on the labor market came from government data that showed workers filing for new unemployment benefits fell further below 500,000 in the latest week. Jobless claims set their lowest levels in more than a year as the labor market continued to heal… Source link