Financial markets
Darktrace, the cybersecurity company, priced its stock at a significant discount on its market debut yesterday, aimed at winning over sceptical investors. Despite initial hopes to list at a valuation of over $3 billion, the company's listing price was reduced to $1.7 billion, with shares surging to
Financial markets
As the financial media focuses on the impact of Reddit's independent retail traders and the Gamestop (GME) squeeze campaign, Wall Street veteran Vince Stanzione sheds light on the often-misunderstood world of short selling. Stanzione, author of "The Millionaire Dropout," argues that short selling is not financially
Financial markets
The Pakistan Credit Rating Agency Limited (PACRA) has evaluated the Atlas Islamic Money Market Fund, managed by Atlas Asset Management Limited. Launched in January 2021, the fund aims to strengthen its position in the Islamic money market category by investing in strong credit quality avenues with sound liquidity. The fund&
Financial markets
Alfalah GHP Value Fund and multiple other mutual funds witnessed a decline in their Net Asset Values (NAV) per unit in April 2021, according to data provided by Alfalah Investment Management Limited. The offering prices and redemption prices also reflect these changes. The Alfalah GHP Value Fund, for instance, had
Financial markets
In response to the Securities and Exchange Commission's request for comments on potential options for money market fund reforms, Investment Company Institute (ICI) President and CEO Eric J. Pan emphasized the need to examine the root causes of market turmoil in March 2020, rather than placing new rules
Financial markets
The Ewing Morris Flexible Fixed Income Fund, an alternative high yield fixed income fund, has reached its fifth anniversary during the first quarter of 2021. Established by John Ewing and Darcy Morris in September 2011, the fund has delivered a 7.2% net return, exceeding its original target of 5-7%
Financial markets
Vaccitech, the biotechnology start-up behind the AstraZeneca Covid-19 vaccine, is making strides towards an initial public offering in New York, bypassing the London stock market despite efforts from the UK government to boost the market's reputation. The company, founded by Sarah Gilbert and spun out of Oxford University
Financial markets
Deliveroo Holdings PLC began unconditional dealings on Wednesday, allowing retail investors to trade shares in the food delivery company for the first time. This move follows the company's disappointing stock market flotation last week, during which concerns over valuation, workers' rights, and a dual-class share structure weighed
Financial markets
Parsley Box, a fast-growing Scots ready-meal delivery company, marked its maiden trading day on the Alternative Investment Market yesterday after a successful initial public offering (IPO). The Edinburgh-based company was valued at £84 million, with shares reaching a high of 211p before closing at 185p. The IPO raised £12m for
Financial markets
Deliveroo's much-anticipated Initial Public Offering (IPO) got off to a disastrous start, with shares plummeting by nearly a third just minutes after trading began. The sharp decline wiped £2 billion off the company's value, leaving 70,000 investors who bought into the float nursing significant losses.
Financial markets
Anupam Rasayan, a manufacturer of specialty chemicals, made a lackluster debut on the stock exchange, with its shares plummeting 7% below its issue price as of 10:28 am. The company's initial public offering (IPO) was subscribed 44 times, with a market capitalization of Rs 5,342 crore
Financial markets
The Tech and Energy Transition Corporation, a blank check company focused on sector transformative events, has announced its initial public offering (IPO) of 38,500,000 units, upsized from 35,000,000 units. The units will be listed on The Nasdaq Capital Market and trade under the ticker symbol "
