Reddit (RDDT) has priced its initial public offering at 34 per share, valuing the company at about $6.4 billion as it prepares to begin trading on the New York Stock Exchange Thursday. X The pricing places the Reddit IPO at the top end of the 31 to 34 range announced earlier this month. The initial […]
By Chibuike Oguh NEW YORK (Reuters) -Shares of Arm Holdings, the British chip designer backed by Softbank Group, gained 2.1% to $129.50 on Tuesday as markets braced for increased trading activity following the expiration of the lockup period tied to its blockbuster initial public offering (IPO). Most market debuts include a lockup period of up […]
Recent IPO stock Apogee Therapeutics (APGE) spiked for a second day early Tuesday after the biotech company reported some fourth-quarter financials, as well as strong interim results from an inflammatory disease treatment.
Cava Group (CAVA) reported better-than-expected fourth-quarter earnings Monday night. Shares of the Mediterranean fast-casual chain, a 2023 IPO, jumped overnight. X Cava Earnings Cava earnings came in at two cents a share, Analysts had expected a break-even quarter, according to FactSet. Revenue soared 52.5% to $175.5 million, slightly topping views of $174.3 million. Same-restaurant sales […]
Artificial intelligence powerhouses Nvidia (NVDA) and Meta Platforms (META) have already blasted onto the IBD Leaderboard list of top growth stocks. Now Swiss running-shoe maker On Holding (ONON) has laced up a spot on the Leaderboard watchlist. ONON stock stands poised to break out from a newly minted 33.24 buy point in a cup with […]
Alibaba (NYSE: BABA), China’s largest e-commerce and cloud company, went public at $68 per American depositary share (ADS) on Sept. 18, 2014. It was valued at $169.4 billion upon its debut, making it the largest U.S. initial public offering (IPO) ever. Its stock hit an all-time high of $312.87 on Oct. 27, 2020. But on […]