Online trading firm Robinhood Markets’ vaunted IPO fell flat, battery maker Clarios delayed its debut, and fruit purveyor Dole cut its price. Other initial public offerings have done better, but investors can afford to be choosy, richardbeales1 says.
There are too many companies coming to market, even excluding record numbers of blank-check vehicles. Robinhood’s vaunted offering fell flat, battery maker Clarios delayed its debut, and fruit purveyor Dole downsized. Other IPO s did better, but investors can afford to be choosy.
Context NewsRobinhood Markets’ shares fell 8% to around $35 on their first day of trading on July 29, compared with an initial public offering price of $38 set a day earlier.Clarios International, a car-battery maker owned by Brookfield Asset Management, on July 29 delayed its initial public offering citing “current market conditions.” Advertising-technology company Teads, owned by French telecom group Altice, also postponed its IPO.
Dole on July 28 slashed the indicative price range for its initial public offering. The fruit and vegetable grower said it plans to price its shares between $16 and $17 apiece, compared with the previous range of $20 and $23 per share. It would be valued at $1.7 billion at the top end of the new range.
Source: REUTERS/Andrew KellyA trader works behind plexiglass on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 28, 2021. Read more: ReutersBreakingviews »
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U.S. SEC says Chinese IPO hopefuls must provide additional risk disclosuresThe U.S. securities regulator will not allow Chinese companies to raise money in the United States unless they fully explain their legal structures and disclose the risk of Beijing interfering in their businesses, the agency said on Friday, confirming an exclusive report by Reuters. 가장 큰 징역은 죄에 매이는 것입니다 OurEternalHome Free enterprise exchange or free commodity order
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Microsoft looks to tap into India's Oyo before its potential IPO- sourceMicrosoft Corp (MSFT.O) is in advanced talks to invest in Indian hotel chain Oyo at a $9 billion valuation, a source familiar with the matter said on Thursday. Please subscribe 👉🏾