Tag Archives: IPO

Reddit IPO, Nvidia event, Fed decision: What to watch

Reddit IPO, Nvidia event, Fed decision: What to watch

Next week, Wall Street will be paying close attention to Wednesday’s next Federal Open Market Committee (FOMC) meeting. The focus will be on the latest Fed dot plot, revealing FOMC members’ estimates for interest rate cuts Reddit will make its IPO debut on the New York Stock Exchange on Thursday, March 21 under the ticker RDDT with a share price of between $31 and $34. Nvidia’s (NVDA) annual GTC conference will take place between March 18-21st, with CEO Jensen Huang giving a 2 hour keynote… Source link

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What the IPO market needs to renew confidence in 2024

What the IPO market needs to renew confidence in 2024

IPO activity fell off in 2023 despite some high-profile market debuts. 2024 is expected to be a rebound year for the IPO market as brands strategize their public offerings. Torch Capital Founder and Managing Partner Jon Keidan sits down with Yahoo Finance Live in-studio to discuss the factors wavering IPO confidence right now — coming off of 2023’s pre-pandemic lows — and what criteria investors should be looking for in rising AI startups “It was a meh IPO market and I think people looking… Source link

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Messi-tied clothing stock jumps more than 200% after IPO

Messi-tied clothing stock jumps more than 200% after IPO

Argentinian soccer legend Lionel Messi’s clothing brand The Messi Store made its U.S. market debut on Friday, with the stock jumping more than 200%. MGO Global Inc. (MGOL), the operator of The Messi Store, Argentinian soccer star Lionel Messi’s clothing brand, sold just 1.5 million shares to the public, though trading was halted multiple times during the morning session as investors flocked to Messi’s brand. The company opened trading on Friday in a $7.5 million initial public offering… Source link

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Messi-tied clothing stock jumps more than 200% after IPO

Messi-tied clothing stock jumps more than 200% after IPO

Argentinian soccer legend Lionel Messi’s clothing brand The Messi Store made its U.S. market debut on Friday, with the stock jumping more than 200% before falling back below its initial price by the market close. MGO Global Inc. (MGOL), the operator of The Messi Store, Argentinian soccer star Lionel Messi’s clothing brand, sold just 1.5 million shares to the public, though trading was halted multiple times during the morning session as investors flocked to Messi’s brand. The company opened… Source link

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Global IPO activity falls 45% as higher rates crushes deal activity

Global IPO activity falls 45% as higher rates crushes deal activity

It’s been a no good, very bad year for private companies eager to make their debuts on U.S. and global exchanges. Through December 14, there have been just 1,333 initial public offerings worldwide in 2022 which collectively raised $179.5 billion, marking a 45% drop in listings raising 61% fewer dollars compared to 2021. “Amid an environment defined by higher inflation and rising interest rates, investors have spurned new public companies and turned to less risky asset classes,” said Paul Go,… Source link

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Rivian Tumbles as IPO Lockup Expiration Means Ford, Amazon Can Finally Sell

Rivian Tumbles as IPO Lockup Expiration Means Ford, Amazon Can Finally Sell

(Bloomberg) — Shares of Rivian Automotive Inc. sank 21% as some early stakeholders got their first chance to unload shares on Monday. Most Read from Bloomberg Selling restrictions on certain Rivian insiders and investors ended on Sunday, freeing up a sizable chunk of the electric-vehicle maker’s float for public trading. The stock has now collapsed 87% from its November high. Now, the focus turns to the company’s two most prominent corporate backers — Amazon.com Inc. and Ford Motor Co…. Source link

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Enel sees IPO of grid services business in 2023

MILAN (Reuters) – Europe’s biggest utility Enel plans to list its grid services business in 2023, Chief Executive Francesco Starace said in an interview with Italian daily La Repubblica published on Thursday. Enel will find an industrial partner for the new company, dubbed Gridspertise, this year, Starace added. “Gridspertise, as the new company is called, will start in 2022 as a separate company to enhance and provide to all customers services around the world. It will have an industrial… Source link

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Intel to Take Its Mobileye Unit Public in 2022 IPO; Shares Jump

(Bloomberg) — Intel Corp. plans to list shares of its Mobileye self-driving car business by the middle of next year, letting the chipmaker capitalize on its investment in a burgeoning industry. Most Read from Bloomberg Intel will remain the majority owner after the transaction, which involves an initial public offering of newly issued Mobileye stock, the company said in a statement Monday. Mobileye’s executive team, led by Amnon Shashua, also will stay on board. News of the move, first… Source link

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