The Latest Breaking News from IPO

Congressman’s First Stock Purchase in Two Years Is SpaceX Shares on IPO Day

SpaceX (NASDAQ:SPCX) went public on June 12 in the largest IPO in stock trading history. The IPO briefly made SpaceX CEO Elon Musk a trillionaire. Several members of congress are betting on the stock to help boost their wealth as well.

Benzinga · Jul 13

SpaceX May Have Surpassed Tesla as Wall Street’s Worst Capital Misallocation Ever, Expert Says

The largest IPO in history may also have been "the largest exit liquidity operation in history," hedge fund manager and former Peter Lynch assistant George Noble said in a recent newsletter. Here’s why Noble thinks the SpaceX (NASDAQ:SPCX) IPO was a historic misallocation of capital that was “built to separate…

Benzinga · Jul 13

Forget Interest Rates: Bank Earnings Could Reveal the Next Catalyst for Financial ETFs

For the past two years, investors have largely viewed bank stocks and financial ETFs through the lens of interest rates. But as second-quarter earnings begin, that narrative is changing. Strong trading revenue, a rebound in investment banking, record IPO activity and improving commercial lending are emerging as the sector’s primary…

Benzinga · Jul 13

Can SBI Funds Management’s Rs 9,813 crore mega IPO revive a dry stock market? CEO makes bold prediction

SBI Funds Management expects its Rs 9,813 crore IPO to revive investor confidence and boost India's primary market. CEO Debasish Mishra said attractive pricing, strong governance and industry growth prospects could encourage fresh investments and pave the way for more quality listings.

The Economic Times · Jul 13

Gary Black Thinks SpaceX Stock Could Soon Trade Below Its IPO Price—Here's Why

Investor Gary Black of The Future Fund LLC said on Monday that Elon Musk-led Space Exploration Technologies Corp. (NASDAQ:SPCX) shares could drop below the IPO price of $135/share in the coming days.

Benzinga · Jul 13

Shein scheduled for Hong Kong IPO hearing on Thursday

Fast-fashion retailer Shein is nearing its market debut. The company received approval from Chinese regulators for its Hong Kong IPO. Once Shein obtains clearance from the stock exchange, it can then proceed to conducting investor roadshows and launching bookbuilding for ‌the IPO.

The Economic Times · Jul 13

SBI Funds reduces IPO size to Rs 9,813 crore after pre-offer placement. Will it impact listing gains?

SBI Funds Management has cut its IPO size to Rs 9,813 crore from Rs 11,693 crore after raising Rs 1,655 crore through a pre-IPO placement with 30 anchor investors. The IPO, entirely an offer-for-sale by SBI and Amundi India Holding, will open on July 14. SBI sold 1.42% stake at…

The Economic Times · Jul 13

IPO GMP Buzz: Millworks Tech leads at 120% GMP; SBI Funds in focus among 6 IPOs

The IPO grey market shows strong activity with several upcoming mainboard and SME issues. Millworks Technologies IPO leads SME offerings with a significant premium. SBI Funds Management IPO is a major mainboard issue attracting attention. Kusumgar IPO shows a notable premium after its allotment finalisation. Investor focus remains on these…

The Economic Times · Jul 13

SBI Funds IPO anchor book draws Capital Group, BlackRock, Goldman, GIC

SBI Funds Management's IPO anchor book saw strong investor interest. Key global and Indian funds participated, subscribing more than twenty times over. The offering is expected to raise approximately $309 million from anchor investors. This marks India's first billion-dollar IPO this year. The public issue opens for subscription on July…

The Economic Times · Jul 13

Up in the air! Can SBI Funds Management IPO investors look past OFS to expect strong listing day gains?

SBI Funds Management's large IPO presents a valuation opportunity for investors. The offer for sale structure may temper immediate listing day gains. Analysts note its scale and brand support long-term investment potential. The company holds a leading market position in asset management. Investors should maintain realistic expectations for initial trading…

The Economic Times · Jul 13