Robinhood gets chilly reception from investors in stock market debut

Investors gave Robinhood the cold shoulder on Thursday (July 29), as the stock trading app‘s shares closed down 8.4% on their first day of trading, having earlier fell as much as 12%. The California-based online brokerage that brought commission-free trading to millions of Americans, hit public markets with its stock listed on the tech-heavy Nasdaq exchange under the ticker HOOD. The stock opened

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BYD chip unit is now on ChiNext

Chinese electric car maker BYD Co. Ltd revealed on Wednesday (June 30) that it has successfully listed its controlled subsidiary BYD Semiconductor Co. Ltd, on ChiNext, the Shenzhen Stock Exchange’s board for growth enterprises. Shenzhen-based BYD, which is 8.3% owned by Warren Buffett’s Berkshire Hathaway based on most recent filings, announced on May 11 its plans to spin off BYD Semiconductor Co.Ltd.

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TV ad-tech company Innovid looks to $1.3 billion IPO via SPAC

Advertising-technology company Innovid Inc. plans to go public by merging with ION Acquisition Corp 2, a publicly traded special purpose acquisition company (SPAC) in the fourth quarter of 2021,  joining a flurry of firms in the category that have gone public or considering deals in recent months. Other marketing- and ad-technology companies that plan to go public include Sprinklr Inc. and Integral

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China’s Didi moves ahead with plans for U.S. IPO

China’s ride-hailing giant Didi Chuxing, on Thursday (June 10) filed filed paperwork for an initial public offering in the United States, setting the stage for what is expected to be one of the largest tech debuts globally this year. Didi which is not only known as the Uber of China, but actually beat Uber in the country and bought out its business there,

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Insatiable appetite for IPOs continues unabated

Despite the uncertainty of 2020, initial public offerings (IPOs) set records last year.  The world saw the highest IPO capital raising activity in a decade, with $331 billion raised across 1,591 listings – a 42% increase compared to 2019,  according to Baker McKenzie’s IPO Report 2020. Across all IPOs, Financials grew by 37% in volume compared to 2019, raising $108 billion in

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