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Stocks

“Robinhood Has the Worst Debut Ever for IPO of Its Size”

“Shares in the broker behind the meme-stock revolution fell 8.4% below the IPO price in the company’s first trading session. That’s the worst debut on record among 51 U.S. firms that raised as much cash as Robinhood or more, according… Continue Reading…

Economy

“Jobless claims: Initial filings broke below 400,000 for the first time since March 2020”

“…The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended May 29: 385,000 vs. 387,000 expected… Continue Reading…

Stocks

“Should You Buy These 3 Hot IPO Stocks? Analysts Weigh In”

“Playtika (PLTK)… A major gaming company is sure to get plenty of attention, and Playtika already has 10 analyst reviews. The breakdown of 8 Buys and 2 Holds gives this new stock a Strong Buy analyst consensus rating. Shares are… Continue Reading…

Stocks

“C3.ai Stock Soars 140% After Its IPO”

“The artificial intelligence software company C3.ai priced its initial public offering at $42 a share, above the recently increased range of $36 to $38. C3.ai shares opened for trading at $100 Wednesday morning and were up to $109 shortly after… Continue Reading…

Business, Stocks

“Ant Group to raise $34.5 billion, valuing it at over $313 billion, in biggest IPO of all time”

“Ant Group would raise $34.5 billion in its dual initial public offering after setting the price for its shares on Monday, making it the biggest listing of all time. The Chinese financial technology giant previously said it would split its stock… Continue Reading…

Stocks

“IPO shares are up a surprising 60% this year with big debuts expected”

“No one would have believed this even three months ago, but this may turn out to be the biggest year for IPOs since Alibaba went public in 2014. Already, 111 companies have raised $37.8 billion, according to Renaissance Capital. In 2014,… Continue Reading…