[ad_1] Receivers have been appointed over land in Hong Kong that China Evergrande Group used as collateral for a $520 million loan, but the sale of the plot won’t affect the company’s broader restructuring, the troubled developer said. Evergrande was notified Wednesday about the move, which relates to a plot of undeveloped residential land located […]
[ad_1] Troubled property developer China Evergrande Group EGRNF -10.55% said construction work has resumed at more than 90% of its stalled residential projects, adding that it has picked up the pace of delivering apartments promised to home buyers across the country. Evergrande, EGRNF -10.55% in a statement Sunday night, said more than 80% of its […]
[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] Pershing Square Tontine Holdings had planned a $4 billion purchase of a 10% stake in Universal Music Group. Photo: Bing Guan/Bloomberg News Updated July 19, 2021 2:24 pm ET William Ackman’s blank-check company picked a good target but a poor deal structure. To keep investors happy, both need to be right on a second […]
[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] Global stocks are broadly lower, along with government-bond yields and commodity prices, amid renewed anxiety around the Delta variant of Covid-19 and inflation. Here’s what we’re watching ahead of Monday’s open. Full market wrap here. Five9 FIVN 0.58% investors are high-fiving each other this morning. Videoconferencing service Zoom Video Communications ZM 1.45% plans to […]