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Posts Tagged ‘NASDAQ’

Stocks partially reverse last week’s slide in early-morning trading

Both the Dow Jones Industrial Average and the Nasdaq have reversed course after a week of losses. The Dow was up 570.50 points to 25,979.86 and the Nasdaq was up 112.96 to 8680.33 near midday trading. The two major bellwethers of investor sentiment had a rough week last week as the spread of the novel ...

Chaka opens up global investing to Africa’s most populous nation

Fintech startup Chaka aims to open up online investingd to Africa’s most populous nation, Nigeria. The seed-stage company recently went live with its mobile-based platform that offers Nigerians stock trading in over 40 countries. Chaka positions itself as a passport to local and global investing. The startup has created an API and interface that allows ...

IEX’s Katsuyama is no flash in the pan

When you watch a commercial for one of the major stock exchanges, you are welcomed into a world of fast-moving, slick images full of glistening buildings, lush crops and happy people. They are typically interspersed with shots of intrepid executives veering out over the horizon as if to say, “I’ve got a long-term vision, and ...

Starbucks’ Chinese nemesis Luckin Coffee surges 20 percent in public debut

Shares of Luckin Coffee jumped 20 percent in its first day of trading on the Nasdaq stock market. After opening at $17.00, shares of the Chinese Starbucks competitor climbed as high as $25.96, or more than 50 percent, before settling back down to $20.38 at the market’s close. The company has a market cap north ...

The misunderstandings of 18-month-old Luckin’s $500M IPO

Luckin Coffee is the most energizing IPO in recent memory, and not just because it sells caffeine. Most venture-backed startups can take a decade to reach the public markets. Luckin cut that time down to about 18 months. Founder Jenny Qian Zhiya opened a trial coffee shop in Beijing, with a focus on rapid coffee ...

Zoom, the profitable tech unicorn, prices IPO above range

The video conferencing business will go public on the Nasdaq tomorrow, the same day as fellow tech unicorn Pinterest. ...

Slack reportedly chooses the New York Stock Exchange for its direct listing

The ubiquitous corporate messaging service Slack is following in the footsteps of Spotify’s subscription music service and heading to the New York Stock Exchange for trading through a direct listing, according to the Wall Street Journal. Slack, which reportedly had somewhere near $900 million on hand last October when it was prepping for its initial ...

Lyft pops 21% on its first day of trading on Nasdaq, after raising $2.2B in its IPO at a $24B valuation

Ride-hailing startup Lyft may bear the distinction of having highest net loss of any maiden public company ever going public, but despite that, it made its debut in a high gear this morning. Trading as LYFT on Nasdaq, the company’s shares opened at nearly noon today at $87.24, a pop of 21 percent on the $72/share ...