Markets

Bumble spikes 85% in trading debut after $2.2 billion IPO

Bumble surged as much as 85% on Thursday as the dating app’s stock made its public-market debut. The company raised $US2.2 billion in a Wednesday IPO, offering 50 million shares for $US43 each. Bumble’s user count soared to 42 million in the September quarter, up 22% from the year-ago period. […]
Bumble spikes 85% in trading debut after $2.2 billion IPO
Markets

SoftBank aims to raise up to $525 million for its own blank-check company

SoftBank aims to raise as much as $US525 million through the IPO of its blank-check company SVF Investment Corp., according to a regulatory filing published Monday. The special-purpose acquisition company, or SPAC, will bridge SoftBank’s private and public investment businesses and target “a fast-growing, IPO-ready technology company,” SoftBank said. The […]
SoftBank aims to raise up to $525 million for its own blank-check company
Markets

Ant’s record-breaking IPO attracts $3 trillion in retail-investor bids

Ant Group’s historic $US35 billion IPO is garnering unprecedented interest from retail investors in Shanghai and Hong Kong. Jack Ma’s financial services company took in more than $US3 trillion in orders from individual investors across its dual listings in Hong Kong and Shanghai. Roughly 19.1 trillion yuan (2.9 trillion) worth […]
Ant’s record-breaking IPO attracts $3 trillion in retail-investor bids
Markets

First blank-check ETF begins trading as SPAC euphoria continues

Wall Street’s obsession with special-purpose acquisition vehicles can now be tracked through an exchange-traded fund. The Defiance Next Gen SPAC Derived ETF will begin trading on the New York Stock Exchange on Thursday, the issuer said in a press release. The ETF will trade under the ticker SPAK and track […]
First blank-check ETF begins trading as SPAC euphoria continues
Markets

Record IPO frenzy will continue through October, NYSE president says

The New York Stock Exchange saw record IPO activity this month, and president Stacey Cunningham expects the offering spree to charge forward. “October is on track to look exactly the same” as the offering-heavy September, she said in a Wednesday interview with Bloomberg TV. Companies are also tapping the market […]
Record IPO frenzy will continue through October, NYSE president says