Amphastar Pharmaceuticals, Inc. (Nasdaq: AMPH) celebrated its 10th anniversary of going public by ringing the Nasdaq Opening Bell in Times Square. The bio-pharmaceutical company specializes in developing, manufacturing, and selling generic and proprietary injectable, inhalation, and intranasal products. Co-Founders Dr. Jack Zhang and Dr. Mary Luo, along with their Board of Directors and Executive Management, marked the occasion.
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3iQ Files Preliminary Prospectus for First Solana Exchange-Traded Product (ETP)
A Canadian digital asset manager, 3iQ, has filed for the first Solana exchange-traded product (ETP) on the Toronto Stock Exchange, aiming to offer exposure to the altcoin and track its daily price movements. The ETP, if approved, will provide an opportunity for long-term capital appreciation and network-generated staking yield, reflecting the growing interest in Solana’s impressive transaction speeds and scalability. Standard Chartered’s prediction of potential Solana ETF approval by 2025 further fuels optimism around the cryptocurrency’s future prospects.
read moreAbu Dhabi Investment Authority Acquires Stake in Paras Defence Company
Large private sector banks continue to show strong performance, while niche lenders like NBFCs and HFCs also offer compelling growth stories. Bajaj Finance, IndusInd Bank, and Muthoot Finance are recommended stocks, with the Indian banking sector hosting great compounding opportunities. Additionally, various companies across different sectors have made significant announcements and developments in the market.
read moreHyundai’s India Unit Files for Stock Market Listing in Landmark IPO
Hyundai Motor’s India unit has filed for an IPO, with its South Korean parent planning to partially sell its stake in the offering. This move could potentially lead to one of the largest stock market listings in the nation’s history.
read moreHealth-Tech Company Tempus AI Soars 15% in Nasdaq Debut
Health-care diagnostics company Tempus AI, which utilizes AI to interpret medical tests and aid physicians in providing precise treatment, saw a 15% surge in its Nasdaq debut, reaching a valuation of around $7 billion. The company’s CEO anticipates achieving positive cash flow and EBITDA within the next year, emphasizing the potential of AI in guiding therapy selection and treatment decisions. With a focus on oncology and personalized genomic tests, Tempus aims to revolutionize precision medicine through the practical application of artificial intelligence in healthcare.
read moreInvestors Flock to British Maker of Tiny Computers After Successful IPO
Investors are eagerly buying shares of Raspberry Pi, a British maker of small computers, following its successful IPO on the London Stock Exchange. The company, known for its affordable and versatile single-board computers, has seen its stock price surge by 38% above its listing price, raising £166 million to fuel further product development and educational initiatives. This IPO marks a significant success for the London stock market, demonstrating strong investor interest in UK tech offerings.
read moreRaspberry Pi’s Successful London IPO Marks Hopeful Turn for UK Market
Raspberry Pi, a UK-based affordable computer supplier, had a successful debut on the London Stock Exchange, with shares soaring after its IPO. The company, known for its low-cost computing platforms, has a strong investor base and aims to expand its presence in industrial markets while staying true to its roots in education and enthusiast communities.
read moreKraken Plans $100 Million Pre-IPO Financing Round for Börsengang
Kraken, a major cryptocurrency exchange, is planning a pre-IPO funding round of over $100 million to prepare for its Initial Public Offering (IPO). The exchange aims to secure a significant partner and could potentially achieve a valuation of up to $20 billion, following in the footsteps of its competitor Coinbase. Despite recent setbacks, Kraken’s IPO could position it as one of the most highly valued crypto companies, with an expected revenue of $1-2 billion in the current year.
read moreCrypto Industry Prepares for Potential Wave of IPOs Amid Rising Prices
The crypto industry anticipates a surge in initial public offerings (IPOs) if crypto asset prices continue to rise, with up to 15 companies potentially going public in the next 18 months. The approval of spot Bitcoin ETFs by the Securities and Exchange Commission (SEC) in January 2024 has significantly shifted sentiment, leading to confidential IPO filings by companies such as Chia Network and Circle, while institutional investor interest in crypto remains high. Analysts predict that Bitcoin’s potential surge towards historic highs could further catalyze crypto companies to go public.
read moreKraken Considers Final Funding Round Amid IPO Exploration Amid Crypto Market Rally
Kraken, a US-based cryptocurrency exchange, is considering a final funding round and exploring the possibility of an initial public offering (IPO) amid the current rally in the digital asset market. The exchange has received inquiries from potential investors and is gearing up for pre-IPO funding.
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