Thursday, December 19

Tag: Stock market

Spotify Shares Open at $165.9 after unusual debut listing on NYSE
5Apr By Lavina TolaniNo Comments
Market

Spotify Shares Open at $165.9 after unusual debut listing on NYSE

Spotify Technologies shares went high and opened at $165.9 on Monday, which was nearly 26 percent above the reference point of $132 on its first day of trading.With an overall valuation of $165.9 billion on the first day, the estimation went a slightly higher than what analysts had predicted before the listing. During the first two months of 2018, the shares of world's leading music streaming service, Spotify, were traded between $90 and $132.5.While, in 2017, the range was even wider from $37.50 to $125.00. As per sources from Wallstreet Journal, Spotify's opening has turned out to be a record on New York Stock Exchange listing before which "Alibaba had opened at 11.53 am" on Tuesday. Spotify's unconventional move to direct listing has created a lot of talks in the share market s...
Read More
Amazon becomes the 2nd most valuable company in the world
21Mar By Sheldan RungasamyNo Comments
News

Amazon becomes the 2nd most valuable company in the world

Amazon just took Alphabet’s 2nd place in the standings of most valuable company in the world while Apple remains topper of the list boasting a valuation of $889 billion.   The e-commerce giant rose by 2.7 percent on Tuesday and thus lifted its stock market value to $768 billion and $1,586.51 per share. Parent company of Google, Alphabet fell by 0.4 percent and now possesses a valuation of $764.5 billion additionally, since bagging an all-time high of 1,197 per share on Jan 29, their stock value fell by 8.5%.   This achievement comes a few weeks after Amazon CEO and founder Jeff Bezos came first in Forbes annual billionaires list with a total wealth of $112 billion and thereby becoming the first American possessing more than $100 billion.   All U.S tech mega-giants have competed vigor...
Read More
Dropbox Drops Valuation by $2.5 Bn Ahead of IPO
14Mar By Sheldan RungasamyNo Comments
Market

Dropbox Drops Valuation by $2.5 Bn Ahead of IPO

Dropbox, the file storage company, set proposed terms for its initial public offering. The company’s IPO owns 36 million shares on offer, 5.4 million as underwriter green-shoe offering, a $16-$18 per-share price range, a maximum initial sale of $648 million and a fully-cocked $745.2 million bill including the green-shoe shares. This puts the valuation of the company at around $7.5 billion ahead of its initial public offering, hence making Dropbox the biggest tech IPOs in the last few years. However, this figure is lower than the $ 10 billion valuation set by the company in 2014 when raising private capital. This valuation will make the file storage company the largest U.S tech IPO since Snap Inc. made its stock debut in March 2017. The filings released by the company also revealed that ...
Read More
IPOs Raise Record Rs 27,000 Cr In Apr-Sep This Year
3Oct By Press Trust of IndiaNo Comments
BUSINESS

IPOs Raise Record Rs 27,000 Cr In Apr-Sep This Year

Indian companies raised a record close to Rs 27,000 crore through initial public offerings in the first half of the current fiscal and an impressive pipeline is already in place for coming months. "Besides, over a dozen firms, including New India Assurance Company, Reliance Nippon Life Asset Management and HDFC Standard Life Insurance Company, have lined up their IPOs to raise funds totalling Rs 35,000 crore in coming months," Dinesh Rohira, founder and CEO at 5nance.com, said. Adding to the depth of the IPO market, companies from diverse sectors like insurance, healthcare, education, bank, cable TV and shipping have made their way to the IPO space during the period under review. According to the latest data compiled from stock exchanges, 19 companies garnered over Rs 26,720 crore thr...
Read More
I Sold My Entire Apple Stake Because of China – Billionaire Carl Icahn
30Apr By reutersNo Comments
Entrepreneurs Talk

I Sold My Entire Apple Stake Because of China – Billionaire Carl Icahn

Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc, citing the risk of China's influence on the stock. Icahn, in an interview with cable television network CNBC, also said he was "still very cautious" on the U.S. stock market and there would be a "day of reckoning" unless there was some sort of fiscal stimulus. Icahn had been a huge cheerleader of Apple, acquiring a stake in the company almost three years ago, repeatedly calling the investment a "no brainer." In an open letter to Apple Chief Executive Officer Tim Cook in May 2015, Icahn had argued that shares of the iPhone maker were worth $240, about 90 percent more than they had been trading. At $240 a share, Apple's market cap would be $1.4 trillion, Icahn asserted. But Icahn, wh...
Read More
Here’s What LinkedIn CEO Jeff Weiner’s Said After Stock Loses 40% of Its Value
13Feb By No Comments
BLOGS

Here’s What LinkedIn CEO Jeff Weiner’s Said After Stock Loses 40% of Its Value

In case you haven’t been paying attention, many tech stocks are under serious pressure. LinkedIn, where I have been an executive for nearly six years, is one of those companies, having lost more than 40% of our value after announcing our 2015 earnings and guidance for 2016 last Thursday. As you can imagine, this has the potential to cause angst and churn, both internally and externally, and over the last week, I’ve been fascinated by the varied reactions of people, both inside and outside the company, with whom I’ve interacted: indignant, perplexed, resilient, full of pity, inspired and shell-shocked. When something like this happens at a company, you can witness very extreme, and often negative, reactions from people like the CEO and CFO, who can get into a blame game and create a c...
Read More