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Saudi Aramco IPO starts Trading, Gains 10%

11Dec By PriyankaNo Comments

Market

Saudi Aramco IPO starts Trading, Gains 10%

Saudi Arabia's oil company Aramco began trading, gaining 10% in its debut at the Saudi Tadawul stock exchange. The initial launch pushed it's growth 10% valued to USD 1.88 trillion, higher than any other listed company in the world. Trading for Aramco shares began at 10:30 am in Riyadh. The state-owned oil giant started a mammoth USD 25.6 billion IPO that set the record as the biggest ever in history. The company had announced a sale of 1.5 percent of its shares at 32 Saudi riyals a share, or what is $8.53. At a pre-trading auction earlier in the morning, bids for Aramco's shares reached the 10 percent limit on stock price fluctuation allowed by the Tadawul stock exchange. That pushed the price of Aramco shares to 35.2 riyals, or USD 9.39 a share. This makes Aramco more ...

Advantages Of Opening Demat Account With India’s Top Stock Broking Firm Angel Broking

27Sep By AnkitaNo Comments

Market

Advantages Of Opening Demat Account With India’s Top Stock Broking Firm Angel Broking

Trading in stock markets has become an important part of the business world these days. As far as the fundraising of the companies is concerned, the only thing the companies look forward to is going public and trading their shares in the stock market. Therefore, with the increase in the stock market trading, the use of DEMAT accounts has also taken a step forward. But do you ever wonder where to open a Demat account? We have an answer for that too. Trading in securities and stocks is risky and thus, you need to have your account at a place which is fully trustworthy and reliable and India based Angel Broking firm fulfills all that. Angel Broking, as you all might have heard, is the most popular Indian Stock Broking firm that came into existence in 1987. Now, what is a D...

More than Half of the Indian Companies Listed on IPO in 2018 Trading Below Issue Price

21Sep By Gauri SinghNo Comments

Market

More than Half of the Indian Companies Listed on IPO in 2018 Trading Below Issue Price

As many as 21 companies went public this year and shares of more than half of all these companies are trading below their issue price. The main reason behind this has been the market volatility, aggressive pricing and sometimes stock and sector-specific issues. Out of 21 initial public offers (IPOs) in 2018, shares of 11 companies now trade below their issue price. “As the market went up, so did the expectation and pricing of the IPOs. Pricing issue was in sync with market sentiment,” said Arun Kejriwal, director of Kejriwal Research and Investment Services Pvt. Ltd. The companies that can be listed as the top losers in the pack are Apollo Micro Systems Ltd and ICICI Securities Ltd. These companies were down by 50% and 39% respectively from their issue price. Apollo Micro Systems ...

Bitcoin Shoots off the Roof, Hits All Time High

1Nov By RishabhNo Comments

News

Bitcoin Shoots off the Roof, Hits All Time High

Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the financial mainstream after the world’s largest derivatives exchange operator said on Tuesday it would launch bitcoin futures. CME Group, the world’s leading and most diverse derivatives marketplace, announced on Tuesday that it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods. Related Read Bitcoin Going Legit! CME to Launch Bitcoin Futures Bitcoin has had a bumper year with a more than sixfold increase in price, and has more than doubled in price since mid-September alone. It was up 0.3 percent on Wednesday on the Luxembourg-based Bitstamp exchange. ...

Bitcoin Going Legit! CME to Launch Bitcoin Futures

1Nov By No Comments

BUSINESS

Bitcoin Going Legit! CME to Launch Bitcoin Futures

CME Group, the world's leading and most diverse derivatives marketplace, announced on Tuesday that it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods. The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. Bitcoin futures will be listed on and subject to the rules of CME. After this, more people will be able to start trading bitcoin and you can read this article to find out how you can do it yourself. "Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "As the world...

19Jan By AnkitaNo Comments

CHINA

China May Allow Foreign Company’s and Startups to Launch IPOs

China may allow foreign companies to launch IPOs on its stock exchanges and issue corporate bonds, the government said, after President Xi Jinping promised the world his country was committed to opening its markets. The State Council, China's Cabinet, issued a notice yesterday saying it had granted approval in principle for foreign companies to launch IPOs and issue corporate debt and other financing instruments in order to "support the widening of foreign companies' financing channels". The announcement was the latest in a series of broad liberalisation pledges from China as it braces for the incoming administration of US President-elect Donald Trump. Trump has repeatedly blamed China, and globalisation, for the loss of millions of US jobs, raising fears of a trade war between the w...