This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Investment firms led by the former CEO of the SPAC that merged with Donald Trump’s media company allege … Read more
A render of Sierra Space’s Velocity satellite bus Credit: Sierra Space Amid preparations for its spaceplane’s maiden flight and an initial public offering as soon as next year, Sierra Space is expanding its satellite offerings. Ahead of the much-anticipated solar eclipse, the commercial space unicorn unveiled its aptly named Eclipse line of satellite buses … Read more
After a mega IPO of Bharti Hexacom to start the fiscal, the primary market will take a breather next week as no new mainboard IPOs are opening. However, the action continues in the SME segment as three companies gear up to launch their issues. Even though there are no new IPO launches next week, the … Read more
Mumbai, The National Stock Exchange (NSE) is awaiting approval from capital markets regulator Sebi to kickstart the initial public offering process, its MD and CEO Ashishkumar Chauhan said on Thursday. The NSE’s listing plans have been on the backburner amid a Sebi probe against the exchange and some of its top officials. It was alleged … Read more
MUMBAI, MAHARASHTRA, INDIA – 2024/02/01: A circular metal emblem with words ‘This sign indicates buying of shares’ is seen near the pavement of a street near Bombay Stock Exchange (BSE) in Mumbai. Sopa Images | Lightrocket | Getty Images Stocks in China and Hong Kong sold off a massive $4.8 trillion in market capitalization since … Read more
The primary market is witnessing a tremendous surge in activity with high liquidity and enhanced investor appetite for new issue launches irrespective of the market sentiments. Companies raised Rs 62,000 crore through initial share sales in fiscal 2024 and the pipeline looks equally strong. As much as Rs 70,000 crore worth of offerings are expected … Read more
Shapoorji Pallonji Group’s flagship infrastructure engineering and Construction firm, Afcons Infrastructure Limited (AIL), has filed its draft red herring prospectus (DRHP) with the market regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). According to the draft papers, the IPO, with a face value of Rs 10 … Read more
Buoyed by positive investor sentiment and listing gains, more companies have shown their appetite to raise funds through the primary market in FY24 compared to the previous year. About 76 companies accessed the public markets in FY24, raising nearly Rs 62,000 crore through mainboard IPOs. This is 19% higher than the Rs 52,116 crore mobilized … Read more
Shares in Reddit, which surged last Thursday in their blockbuster IPO, exploded again Monday as bullish investors bought options on the social media firm. The tech stock went public at $34 and jumped 48% in its first day of trading. On Monday, it shot up again, adding $13.80 (a 30% upswing) to end the trading … Read more
The SME IPO of Trust Fintech will open for subscription on Tuesday and will close on March 28. The company aims to raise about Rs 63 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to … Read more
