Most investors who owned stocks in the past year have lost money. the SPDR S&P 500 SPY total return in that time is roughly -4.8 percent. But there’s no question some big-name stocks have done much better than others in that stretch. Uber’s Bumpy Ride Unfortunately, one stock that has struggled mightily since April of last…
Hong Kong Saw Worst First-Quarter IPO Performance in Nearly A Decade, Falls From Top Five Global Ranking
The Hong Kong Stock Exchange (HKEX) saw its worst performance quarter in IPO fundraising since 2013, pushing the city out of the top five in the global IPO ranking. Analysts believe it is investor lack of confidence in Hong Kong’s capital market that led to the poor performance. Initial public offering (IPO) is the core…
Ukraine Could Affect Porsche IPO Plan, Top VW Shareholder Says
March 30, 2022
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BERLIN—Top Volkswagen shareholder Porsche SE supports plans to list luxury sportscar maker Porsche AG but the conflict in Ukraine could affect the timing of the proposed IPO, the holding company said on Tuesday. Volkswagen aims to conduct the Porsche initial public offering (IPO) in the fourth quarter of 2022, though that may change if the…
Intel’s Autonomous Car Driving Unit Confidentially Files for US IPO
Intel Corp.’s self-driving car unit, Mobileye, has confidentially filed paperwork for a U.S. IPO, Reuters reports. The IPO could value the Israeli unit at over $50 billion. Intel acquired Mobileye for $15.3 billion in 2017 to fire up rivalry with Nvidia Corp. and Qualcomm Inc. in developing driverless systems for automakers. Intel CEO Pat Gelsinger has been under pressure from activist…
What the IPO Surge Reveals
Commentary American finance has seen a powerful march to market. Initial public offerings (IPOs) of formerly private firms surged in 2021 and show signs of sustaining that trend into 2022. Each firm, of course, makes its own decisions about its unique circumstances and products, but the broad picture carries two clear though seemingly contradictory signals….
Investing During a COVID-Driven Economy
Commentary Timing really is everything. In 2019 an upstart in the consumer discretionary sector was getting ready to go public. In May of that year, it was named to CNBC’s “Disruptor 50” list—a list whose mission is to “identify fast-growing, innovative start-ups on the path to becoming the next generation of great public companies.” Apparently,…
Virucidal Spray for the Common Cold to Be Listed on ASX
An Australian pharmaceutical firm that is developing the first virus-killing nasal spray for colds is set to be listed on the ASX on Jan. 28. Firebrick Pharma co-founder Peter Molloy said he’s been working on the spray, Nasodine, for almost ten years as a treatment for the common cold. “It appeared to me that if…
Nasdaq Profit Beats Estimates on IPO Rush, Investment Products Demand
January 27, 2022
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Nasdaq Inc. on Wednesday reported a nearly 16 percent jump in fourth-quarter profit that topped Wall Street estimates, buoyed by the frenetic pace of U.S. initial public offerings and strong demand for its investment-related products. Technology, healthcare and financial technology companies led the IPO rush during the quarter, that included the stellar debut of Rivian…
WeTransfer Owner Seeks Amsterdam IPO, Plans $182 Million Share Issue
AMSTERDAM—The owner of WeTransfer, which offers file sharing and collaboration tools said on Wednesday the company will seek an initial public offering of shares and listing on Amsterdam’s Euronext stock exchange. The Amsterdam-based company, soon to be renamed “The Creative Productivity Group NV” said its offer, for which a date has not yet been set,…
SenseTime Offers Blueprint for Banished Chinese Stocks
January 6, 2022
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Commentary Controversial Chinese artificial intelligence company SenseTime Group enjoyed a rare successful IPO on the Hong Kong Stock Exchange in early January. Shares were up as much as 148 percent as of Jan. 4 from its Dec. 30 IPO priced at HK$3.85, minting SenseTime as one of the most successful Hong Kong IPOs in 2021….
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