Text size LI Auto via Weibo Chinese electric vehicle startup Li Auto set the price for its initial public offering on Wednesday night. The shares opened for trading on Thursday, and were up a lot. Confirm at least one thing: electric vehicle stocks are still hot. Li Auto (ticker: LI) …
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Text size William Ackman Bryan Bedder / Getty Images for The New York Times A special-purpose acquisition company, or SPAC, sponsored by Bill Ackman’s Pershing Square Capital Management, made its debut on the New York Stock Exchange on Wednesday in the largest initial public offering of blank checks. The offering …
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Billionaire hedge fund manager Bill Ackman, the largest “blank check” company, went public on Wednesday, with more than $ 4 billion in his kitty to acquire a still-undetermined company, and has two years to choose a . Pershing Square Tontine Holdings Ltd. PSTH.UT, + 7.97% is a special purpose acquisition …
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Text size Jack Ma Phillippe Lopez / AFP via Getty Images The US stock exchanges will not boast of what could be the largest initial public offering in history. Chinese financial technology giant Ant Group Co., which owns the mobile payment network Alipay, plans a dual listing in Hong Kong …
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Text size Ncino headquarters. Courtesy of nCino. NCino, which provides cloud-based software for financial institutions, experienced more than a 150% increase in its shares on its first day of trading. NCino shares opened at $ 71 and were trading at $ 77.20, a 150% increase in the Nasdaq stock market …
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