[ad_1] Investments in private companies are saving the year for stock-picking hedge funds. Prominent managers that invest in both public and private companies in the same funds have seen their portfolio of public investments flail, weighed down by losses from January’s meme-stock rally and a retreat by fast-growing technology stocks. But soaring valuations of private […]
[ad_1] Robinhood Markets Inc.’s HOOD 3.45% bid to revolutionize IPOs has created losses for investors instead, after one of the year’s most highly anticipated listings fell flat. In a regulatory filing in early July, the trading platform’s co-founders said they would open their initial public offering to customers on equal terms with institutional investors. They […]
[ad_1] In rare cases, such pitches have paid off big time. More often, you’d have done yourself a favor by taking roughly half your money and lighting it on fire instead. Just as Robinhood isn’t the first brokerage to offer commission-free trading, it isn’t the first to seek to “democratize” investing or to sell a […]
[ad_1] Robinhood Markets likes to give away free shares to attract new customers. Its public offering to investors is a different matter. The offering bears some similarity to recent IPOs such as Coinbase Global and Rocket Cos., which made their debut in the midst of crypto and mortgage booms, respectively. Investors had the challenge of […]
[ad_1] NEW DELHI—India is gearing up for tech IPOs, including two worth more than $1 billion, as startups look to tap a stock market that has proved resilient despite Covid-19. The initial public offerings reflect the maturing of a generation of e-commerce and digital-economy companies, bankers say, many of which have grown rapidly during the […]
[ad_1] Menlo Park, Calif.-based Robinhood Markets operates a stock-trading platform for individual investors. Photo: olivier douliery/Agence France-Presse/Getty Images Trading app Robinhood Markets Inc. said it expects to raise about $2 billion in its initial public offering, which would give it a market value of about $33 billion, according to a securities filing Monday. Robinhood would […]
[ad_1] Intel plans to make more chips for other tech companies. Photo: David Paul Morris/Bloomberg News Intel Corp. INTC -1.26% is exploring a deal to buy GlobalFoundries Inc., according to people familiar with the matter, in a move that would turbocharge the semiconductor giant’s plans to make more chips for other tech companies and rate […]
[ad_1] IFIT, which owns NordicTrack, was recently valued in excess of $7 billion in its most recent round of funding in late 2020. Photo: iFit IFIT Health & Fitness Inc. will acquire Sweat, an online fitness training platform, ahead of an initial public offering that is expected in the fall, according to people familiar with […]
[ad_1] Now the market for SPACs—or special-purpose acquisition companies—has come off the boil, and new underwriting fees are threatening to dry up. Credit Suisse’s SPAC deals are being closely watched by investors and analysts, because revenue from them came to represent a large chunk of overall investment-banking revenue last year. That raised concerns that the […]
[ad_1] A Silicon Valley stock exchange that encourages long-term thinking over short-term gains has landed two marquee tech companies to be among its first listings, reflecting the growing popularity of sustainable investing. Twilio Inc., TWLO 0.30% a $66 billion software company, and Asana Inc., ASAN 1.95% a roughly $10 billion cloud software company run by […]