Investors Await Decisions of Central Bank, Making Asian Shares Mixed

By Teresa Taylor November 2, 2021

Stocks

With apprehensive investors awaiting three crucial central bank meetings that might set the tone for risk appetite moving into next year, Asian stocks witnessed a mix on Tuesday with currencies remaining in tight ranges. The meeting of the Reserve Bank of Australia (RBA) on Tuesday was the Continue Reading

Stocks

Cathie Wood Cuts Down Coinbase’s Stake as Bitcoin Holds $56k High

By Katherine Miller October 13, 2021

On Tuesday, Cathie Wood-led Ark Invest reduced its holdings in Coinbase Global Inc, marking the Cryptocurrency exchange company’s stock’s second straight day of selling. The prominent money management business sold 5,855 shares in Coinbase via the Ark Innovation ETF, valued at $1.46 million. On Tuesday, shares of the Cryptocurrency exchange finished 2.80%, down Continue Reading

Stocks

Asia Stocks Sinks Amid China Risks; Oil Extends Gain

By Brian Stanley September 16, 2021

On Thursday, the financial problem at China Evergrande Group and Beijing’s latest effort to push private businesses weighed down upon Asian markets. The price of crude oil was at a six-week high. In Japan, China, and Hong Kong, equities fell again, with technology firms leading the way. As regulators tighten their control on the gaming […]Continue Reading

Stocks

Stocks on Wall Street Drops for Three Consecutive Days

By Brian Stanley May 13, 2021

The financial industry on the east is flourishing, while the west continues its struggle. Wednesday, Mar 12, witnessed stocks on Wall Street dropping for the third consecutive day. News regarding consumer prices raised every investor’s concern about impending inflation. If the data checks out, every effort by the Federal Reserve to minimize interest rates will […]Continue Reading

Stocks

World Chess Team Up With Securitize and Algorand to Launch Hybrid IPO

By Evan Vaughn November 25, 2019

To launch chess on E-Sports platforms, World Chess has joined hands with Securitize, and Algorand will launch a hybrid IPO, which is a Security Token Offering (STO) followed by an IPO. In the STO, World Chess will sell a 5% stake as security tokens; investors can convert these tokens to equivalent shares once an IPO […]Continue Reading

Stocks

Muthoot Finance to Buy IDBI AMC and IDBI MF to Enter Mutual Funds Sector

By Adrian Todaro November 23, 2019

Gold loan provider Muthoot Finance has agreed to buy 100% equity in IDBI Asset Management (AMC) and IDBI Mutual Fund (MF) Trustee Company for Rs 215 crore. The company revealed this information in a filing to the Bombay Stock Exchange. It further clarified that it planned to complete the transaction by February 2020, provided there […]Continue Reading

Stocks

Ahead of Bookbuild, Latitude Financial IPO Set at $2

By Teresa Taylor October 11, 2019

This has been the year of initial public offerings, and the one by Latitude Financial has been one of the most anticipated ones of the year so far. However, as everyone knows, the ultimate price of the share depends on the sort of interest that has been shown by investors during the roadshow. Latitude has […]Continue Reading

Stocks

Uber IPO Fails, SoftBank Value Falls

By Brian Stanley May 14, 2019

Uber which changed the way urban transportation was done is troubled by Wall Street. The first day of the Uber IPO trading on the NYSE began with a fall of 7.6% from its Initial Public Offering price of $45. By the end of the day on Friday, the market capitalization of the company was a […]Continue Reading

Stocks

Lyft Warns of Peak Losses in 2019 as Uber Readies for its IPO

By Norma Stanley May 8, 2019

Last month ride-hailing company Lyft had its initial public offering (IPO) amid much fanfare, but within two days the company’s shares crashed after the listing day positivity, and since then the stock has been in a cycle of negativity. In a new development, the company has released some alarming projections that are going to put […]Continue Reading

Stocks

Chinese Starbucks Rival Set to Raise $800 Million in US IPO

By Katherine Miller April 24, 2019

Over the last two decades, many Chinese companies have become major players in industries that have traditionally been dominated by household global names, and in a new development, Chinese coffee house chain Luckin Coffee Inc and Starbucks’ rival is gearing up for a mega Initial Public Offering (IPO). However, what is even more interesting is […]Continue Reading