Investors should be wary of piling into initial public offerings (IPOs) because for every Nvidia,Google,Apple or Microsoft that turns out to be a big winner,there are thousands of losers.
Qatar Airways is eager to become a cornerstone shareholder in Virgin,but this brings another complicated twist.
Mexican fast-food chain Guzman y Gomez has clinched its place as the hottest float in years,soaring to a valuation of more than $3 billion on Thursday.
The Australian sharemarket was slightly lower on Thursday,with shares in consumer staples and healthcare companies showing weakness while financials extended recent gains.
There is plenty riding on Mexican food chain Guzman y Gomez’s debut on the ASX,so set your alarm for noon on Thursday for our own Mexican wave.
The burrito chain,which has been eyeing an IPO for years,has had to pull forward its plans on the back of investor demand.
The retail billionaire’s end game appears to go beyond just growing these Australian businesses internationally. Rather,it is a plan to establish each as global brands.
OpenAI CEO Sam Altman was one of many winners as Reddit soared on its Wall Street debut.
The publicity-shy family behind the Condé Nast media empire paid just $US10 million for the company 18 years ago. Now they are set to reap billions.
The troubles at Top Shelf are another example of an ASX hopeful that holds much promise but has so far failed to deliver for many of its shareholders.
The Chinese giant has reportedly filed confidentially with US regulators for an initial public offering,sources say.