A buoyant market has provided the platform for Ahmed Fahour’s Latitude Financial to finally make its stock market debut on Tuesday - its third attempt in as many years.
Even for Silicon Valley,Surojit Chatterjee’s rise to extraordinary wealth was lightning fast.
The cryptocurrency exchange company’s listing on a public stock exchange is seen by some as an inflection point for digital currencies.
The London-based company’s shares slid even after they were priced at the bottom of the potential range,reflecting investor wariness about whether Deliveroo could turn a profit and broader market turbulence for tech-related stocks.
It sometimes takes a while for the equity markets to discover the truth about a business and for share prices to reflect it. One thing that’s certain,though,is that the day of reckoning always arrives at some point.
Gig economy startup Airtasker says it can meet or beat its full-year prospectus guidance after pulling off a successful landing on the sharemarket.
The pandemic’s booming effect on gaming was starkly on display on Wednesday when Roblox,a gaming platform aimed at children,was floated on Wall Street.
Ahmed Fahour-led group has gained a $3 billion valuation ahead of another attempt at a public float with Japan’s Shinsei Bank agreeing to acquire a 10 per cent stake for $300 million.
Silicon Valley’s cash-gushing,millionaire-minting IPOs have been bigger and buzzier than ever. But it is a weird time to become rich.
Nuix is sticking with its prospectus guidance and says it can regain the trust of investors,despite concerns over the way it recognises sales on its books.
Soaring tech stock prices have looked like fertile ground for a float such as Airtasker - until last week.