Reddit, a social media platform founded in 2005, is reportedly planning to go public with an IPO. The company, which has not yet achieved profitability, is expected to offer only a small fraction of its shares to investors, with potential valuation estimates ranging from 4.5 to 4.8 billion US dollars. Despite its lack of profitability, Reddit’s IPO is anticipated to generate significant investor interest.
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Stock Market Update: S&P 500 and Dow Hit Record Highs
The S&P 500 and Dow hit new record highs, with GM beating expectations and forecasting a strong 2024. FanDuel’s parent company made its debut on the New York Stock Exchange, while the euro zone narrowly avoided a recession in the fourth quarter of 2024.
read moreStock Market Weekly Roundup: Earnings, IPOs, FII Activity, Global Cues
Some major companies are set to announce their quarterly numbers, while new IPOs and listings are expected in the stock market. Foreign institutional investors have been selling in the Indian equity market, and global cues, including US Federal Reserve and Bank of England policy verdicts, are anticipated to influence the global interest rate trajectory. Oil prices have risen, and various corporate actions, technical views, and market predictions are also highlighted.
read moreNew Companies with Strong Growth Potential: IPO Leaders Screening Criteria
The stock market’s newest companies often yield some of the most successful stocks. Initial public offerings (IPOs) are in their early growth stages, with strong earnings growth driving stock price performance. IPO Leaders uses specific criteria to identify promising stocks with strong fundamental and technical traits.
read moreRipple’s U.S. IPO Plans Paused Amid Regulatory Challenges and Uncertainty
Ripple has decided to pause its U.S. IPO plans due to regulatory challenges and a perceived hostile environment. This move raises questions about the future of the company and its digital asset, XRP, while also prompting Ripple to explore international markets with more favorable regulatory frameworks.
read moreRipple Explores Global IPO Options Amid Regulatory Challenges
Ripple CEO Brad Garlinghouse has hinted at a potential reconsideration of a U.S. listing, stating that the company will evaluate again due to the presence of new regulators at the United States SEC. However, he clarified that going public is not an immediate priority for Ripple. Garlinghouse also highlighted the firm’s focus on shareholder liquidity, announcing a $1 billion stock buyback initiative to provide liquidity to early investors who have been with Ripple for over a decade.
read moreRipple CEO Discusses Prospects of IPO Amid Regulatory Challenges in the US
Ripple CEO Brad Garlinghouse has discussed the possibility of taking the company public through an IPO, but stated that it is not currently a priority due to the challenging regulatory environment in the United States. He mentioned that Ripple has already bought back over a billion dollars worth of stocks from shareholders and emphasized that an IPO is not necessary for capital raising at the moment. Garlinghouse expressed reservations about going public in the US and mentioned that the company has explored other regulatory-friendly jurisdictions.
read moreAbramovich’s Undisclosed Investments in European Startups Revealed
Russian oligarch Roman Abramovich invested $63 million in European startups via London-based venture firm Target Global from 2015 to 2021, according to leaked documents. His investments included a $25 million stake in Target Global Mobility 2.0 and funding for companies like Circ and Auto1.Abramovich also provided loans to Target special purpose companies to indirectly acquire startup stakes, such as $23.5 million for female health app Flo and $10 million for food delivery startup Delivery Hero. His family office drafted an unsigned contract for Target Global to manage his personal investment into British semiconductor company Compound Photonics.
read moreCircle Confidentially Files for IPO Amid Cryptocurrency Market Surge
Stablecoin firm Circle has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). The company, known for issuing USD Coin (USDC), has not yet determined the number of shares to be offered or their price range.This move follows a year after Circle’s previous attempt to go public via a Special Purpose Acquisition Company (SPAC) with Concord Acquisition Corp was terminated. The resurgence of Circle’s IPO coincides with a broader surge in the cryptocurrency sector.Despite a subdued tech IPO market, cryptocurrency shares have shown resilience, driven by a 150% surge in Bitcoin’s price. The approval of the first spot Bitcoin exchange-traded funds by the SEC is expected to further stimulate the digital asset market.
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