Tag: shares
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Fast-fashion retailer Shein shares fall more than 10% in pre-debut trading
HONG KONG, Aug 31 : Shares of online fast-fashion retailer Shein slumped more than 10 per cent in gray-market trading on Monday, one day ahead of its Hong Kong Stock Exchange debut.The company raised $1.7 billion at HK$48.56 a share, valuing it at about $26.5 billion, according to sources who declined to be i
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Nvidia stock jumps after early dip following results; AI fever is unabated
NEW YORK, Aug 26 : Nvidia investors got a roller coaster ride after the market closed on Wednesday, with its shares jumping after an early dip following the company’s quarterly results, highlighting Wall Street’s elevated expectations for its favorite AI chip designer.Nvidia handily beat the consensus estima
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Alibaba chair buys another 720,000 company HK shares
BEIJING, Aug 25 : Alibaba chairman Joe Tsai purchased another 720,000 Hong Kong-listed shares of the company on Tuesday, two days after the Chinese e-commerce and cloud computing giant launched a heavily discounted HK$80-billion ($10.2 billion) share sale to fund its AI ambitions. Tsai bought the stocks at a
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Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing
HONG KONG, Aug 24 : Online fast-fashion retailer Shein will pay up to $3.5 billion to selected existing investors — almost twice the fresh capital it is seeking in an IPO — to help compensate them for a sharp slide in its valuation, its prospectus showed on Monday.The investors entitled to the payments in
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Samsung SDI says to sell $3.2 billion worth of Samsung Display shares back to display maker
SEOUL, Aug 21 : Samsung SDI said on Friday it will sell 13.09 million shares in affiliate Samsung Display to the display maker for about 4.45 trillion won ($3.21 billion), to raise funds for investments in future growth engines. Samsung Display plans to buy the shares as treasury stock at 340,000 won each, Sa
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Alphabet’s SpaceX bet grows 100-fold over a decade to $94 billion
Aug 14 : Alphabet’s early bet on SpaceX has multiplied more than 100-fold, with the Google parent disclosing a stake worth about $94 billion at the end of June compared with the $900 million investment it said it made in Elon Musk’s rocket company in 2015.Alphabet has emerged as by far the largest single inst
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‘I lost $14,000 in a month’: Investors hit by Korean stock market’s wild swings
Some traders are reeling from heavy losses after a brutal correction in South Korea’s stock market.
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SEC settles charges over SpaceX, Klarna, pre-IPO share fraud
Aug 10 : The U.S. Securities and Exchange Commission on Monday brought settled charges of fraud against Adit Ventures Management, its founder and three partners in connection with pre-IPO investments in companies including Klarna and SpaceX, the agency said in a release. The SEC alleged that the investment a
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Retail investors sold SpaceX shares for first time on Friday
Aug 10 : Retail investors who spent weeks defending SpaceX through its post-IPO run turned net sellers on Friday, marking the first such instance since the company’s blockbuster debut in June. Mom-and-pop traders sold a net $4.5 million in Elon Musk’s rocket company on August 7, the first net negative reading
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Cloudflare shares jump after forecast raise on AI-driven demand
Aug 7 : Cloudflare shares rose before the bell on Friday after the cloud services firm raised its annual forecasts, betting that resilient AI-driven demand will sustain traffic across its network.Quarterly results of Cloudflare, whose shares were last up 16.2 per cent at $330.51, follow Amazon.com’s strongest
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