Federer-backed shoemaker ON prices IPO above range, valued at over $6 bln
On Holding AG (ONON.N), a shoe firm backed by Swiss tennis legend Roger Federer, on Tuesday priced its initial public offering (IPO) well above the target range, valuing the company at over $6 billion.
Outdoor grills maker Weber raises $250 mln in downsized IPO
Weber Inc (WEBR.N) on Thursday raised about $250 million in its initial public offering, which was less than half the amount it had planned to raise earlier.
Didi extends slide as Beijing clampdown sounds alarm for U.S.-listed China companies
Didi Global Inc (DIDI.N) fell for the third consecutive session on Wednesday after China ordered the app removed from mobile app stores as part of a broader crackdown on China-based companies with overseas listings.
S&P 500, Nasdaq post record closing highs after Fed minutes
U.S. stocks ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.
Asia shares volatile as China tech worries remain
Asian share markets were volatile on Tuesday, after Australia’s central bank flagged some tapering in its quantitative easing programme and concerns over the future of China’s powerful technology sector weighed down shares.
Tech stock rally sends S&P 500 and Nasdaq to record highs
The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.
Nasdaq ends at record high as Big Tech companies roar back
The Nasdaq ended at a record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf tech companies as investors shifted their focus to growth stocks.
‘Meme’ stock prices may not properly reflect demand -NYSE president
The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.
Wall Street snaps 3-day losing streak as technology stocks rise
Wall Street’s main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood.
