Friday, November 22

Tag: Share Capital

Electric Scooter IPO to Test Enthusiasm for India’s EV Story
31Dec By adminNo Comments
Money

Electric Scooter IPO to Test Enthusiasm for India’s EV Story

An initial public offering planned for next year in India could be a crucial test for the country’s budding electric-vehicle market. India’s Ola Electric, which makes two-wheeled electric scooters, filed in late December a draft prospectus for a public listing, seeking to raise about $662 million. It will become the first EV maker to list in India and will probably draw significant interest from investors. The Softbank-backed firm plans to use proceeds from the offering mainly for the expansion of its battery cell manufacturing facility in the southern state of Tamil Nadu. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Investors Have Cut China’s Internet Giants Down to Size
31Dec By adminNo Comments
World

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Investors Have Cut China’s Internet Giants Down to Size
31Dec By adminNo Comments
Money

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Nasdaq Beats NYSE in IPO Race for Fifth Year in a Row
30Dec By adminNo Comments
World

Nasdaq Beats NYSE in IPO Race for Fifth Year in a Row

Updated Dec. 29, 2023 6:39 pm ETNasdaq beat the New York Stock Exchange in the battle for initial public offerings in 2023, the fifth consecutive year in which the once-dominant NYSE has fallen behind its rival.IPOs at Nasdaq have raised $13.7 billion compared with $10.4 billion for new listings at the NYSE, according to data provider Dealogic. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Carmakers Are Drowning in Cash
29Dec By adminNo Comments
Money

Carmakers Are Drowning in Cash

Most carmakers are ending the year with lots of cash and lots of worries. Share buybacks are an antidepressant, not a cure, but they are better than nothing.It has been a highly profitable year for the traditional car industry. Production recovered following the microchip-related supply constraints of 2021 and 2022. Having previously been starved of inventory, consumers and fleet owners bought new vehicles despite higher interest rates. Globally, sales are on track to rise 10% this year, according to forecasting firm GlobalData.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Nasdaq Set to Beat NYSE in IPO Race for Fifth Year in a Row
27Dec By adminNo Comments
Money

Nasdaq Set to Beat NYSE in IPO Race for Fifth Year in a Row

Nasdaq is on track to beat the New York Stock Exchange in the battle for initial public offerings in 2023, the fifth consecutive year in which the once-dominant NYSE has fallen behind its rival.IPOs at Nasdaq have raised $13.6 billion compared with $10.4 billion for new listings at the NYSE, according to data provider Dealogic. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Newest Get Rich Quick Trade: Indian Stocks
22Dec By adminNo Comments
World

The Newest Get Rich Quick Trade: Indian Stocks

Dec. 22, 2023 12:39 am ETIndia’s booming stock market is attracting millions of individual investors hoping to get rich quick.The benchmark S&P BSE Sensex Index is around 16% higher this year and hit an all-time high this month. The surge encouraged investors to open more than 11 million new accounts with the National Stock Exchange of India in 2023 through the end of August, and has led to record flows into mutual funds that buy stocks. The most popular play: subscribing for shares in new listings, which sometimes surge in value during the first few days of trading.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Rept Battero Energy Shares Rise in Hong Kong Trading Debut
18Dec By adminNo Comments
World

Rept Battero Energy Shares Rise in Hong Kong Trading Debut

Dec. 17, 2023 11:19 pm ETShares of Chinese lithium-ion battery maker Rept Battero rose in their Hong Kong trading debut, indicating that investor demand for companies associated with electric-vehicle space remains buoyant.Rept Battero climbed as much as 7.4% on Monday from its initial public offering price of 18.30 Hong Kong dollars (US$2.34).Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Legal Hurdles Stack Up for Gensler’s SEC
12Dec By adminNo Comments
Money

Legal Hurdles Stack Up for Gensler’s SEC

Dec. 12, 2023 12:39 pm ETWASHINGTON—Gary Gensler is facing a growing number of legal challenges as the Securities and Exchange Commission chair moves forward with wide-reaching efforts to squeeze Wall Street for the benefit of investors and companies.A group of hedge funds sued the SEC on Tuesday in hopes of overturning a pair of recent rules requiring more disclosures around short selling and securities lending. The case was filed in the same conservative appeals court that looks set to kill another SEC rule aimed at getting investors more information about public companies’ share repurchases.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback
10Dec By adminNo Comments
Money

Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback

Updated Dec. 10, 2023 12:38 pm ETCigna abandoned its pursuit of a tie-up with Humana that would have created a roughly $140 billion giant in the health-insurance industry.The companies couldn’t come to agreement on price and other financial terms, according to people familiar with the matter. In the near term, Cigna is turning its focus toward smaller, so-called bolt-on, acquisitions.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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