(Bloomberg) — Another Chinese firm is baffling investors with massive gains on its first day of trading in the US, following on from stellar debuts for AMTD Digital Inc. and Magic Empire Global Ltd. Addentax Group Corp. soared as much as 13,031% on Wednesday in its debut session, triggering more than 20 volatility halts. Its […]
Read More(Bloomberg) — Even after a retail frenzy that saw GameStop Corp. become the hottest stock in the world and a dog-themed joke cryptocurrency gain billions in value, the whirlwind trading in an obscure Hong Kong financial business stands out as spectacular. The rapid rise of AMTD Digital Inc. — a barely profitable financial services firm […]
Read More(Bloomberg) — Saudi Arabia will set aside 300 billion riyals ($80 billion) for an investment fund tied to the crown prince’s flagship megaproject, Neom, and plans an initial public offering of the project on the kingdom’s stock market as soon as 2024. The Neom Investment Fund could potentially expand to 400 billion riyals, Crown Prince […]
Read More(Bloomberg) — Most Read from Bloomberg Saudi Tadawul Group surged on its trading debut after the stock exchange raised $1 billion, marking the biggest exchange IPO since Euronext went public in 2014. The shares rose as much as 22% on Wednesday on bets that buoyant Middle East stock markets will attract more listings from private […]
Read MorePlus, Fed Chair Jerome Powell said the central bank is likely to begin tapering before the end of this year, Apple announced App Store updates, and Rivian Automotive confidentially filed to go public.
Read MorePlus, the FDA authorized COVID-19 booster shots for people with weakened immune systems, Disney delivered an earnings beat, and space company Momentus debuted on the Nasdaq.
Read MorePlus, Amazon was also hit with a record fine for violating the EU’s data protection rules, Chevron and Exxon both reported profits for the second straight quarter, and Robinhood closed down 8% after its market debut.
Read MorePlus, Uber shares are down on reports that SoftBank is selling $2.1 billion of its stake in the ride-hailing company, DiDi shares surged on reports that it is going private, and Robinhood makes its public debut today.
Read MorePlus, Pfizer said it is meeting with U.S. health officials today to discuss its COVID-19 vaccine booster shot, Walmart’s Flipkart just completed a $3.6 billion funding round, and grill maker Weber has filed to go public.
Read MorePlus, Visa said more than $1 billion worth of cryptocurrency was spent through its crypto-linked cards in the first half of the year, DiDi’s app has been removed from WeChat and Alipay in another blow to the company, and Planet Labs is going public via a SPAC merger.
Read MorePlus, Bed Bath & Beyond said sales rose nearly 50% in the first quarter, Plug Power got a new Buy rating, and Taboola has gone public via a SPAC acquisition.
Read MorePlus, cryptocurrency exchange Binance was banned from operating in the U.K., the FAA said Boeing’s 777X plane isn’t ready for a significant certification step, and U.S. lawmakers are investigating Biogen’s new Alzheimer’s drug over price concerns and doubts about its effectiveness.
Read MorePlus, Olive Garden-parent Darden said its same-store sales have nearly returned to pre-pandemic levels, Elon Musk said SpaceX’s Starlink will go public when its cash flow is more predictable, and jobless claims came in above expectations.
Read MorePlus, Uber is acquiring the remaining stake in grocery delivery start-up Cornershop, Wingstop is launching its new Thighstop brand, and salad chain Sweetgreen has reportedly confidentially filed to go public.
Read MoreInitial public offerings are already having a record year. Traders say, of the biggest new names on the market, 2 stocks look like the best buys right now. Here’s why.
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