U.S. IPO Week Ahead: Billion-Dollar Deals Come To Market In A 12 IPO Week
12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.Chinese freight platform Full Truck Alliance plans to raise $1.5 billion at a $19.7 billion market cap. The company’s platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. Full Truck states that it is the world's largest digital freight platform by gross transaction value , facilitating 22+ million fulfilled orders with GTV of nearly $8 billio
Nasdaq rises to an all-time closing high, S&P 500 ekes out another record
The Nasdaq Composite jumped to a record high on Monday as investors rotated back into growth-oriented stocks ahead of a key Federal Reserve meeting.The tech-heavy benchmark rose 0.7% to an all-time closing high of 14,174.14, overtaking the previous record on April 26. The S&P 500 gained about 0.2% to another record close 4,255.15, boosted by the technology sector. The Dow Jones Industrial Average slipped 85.85 points, or nearly 0.3%, to 34,393,75.Investors are giving growth and tech stocks anoth
Musk says Tesla will accept bitcoin again as crypto miners use more clean energy
Tesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners.“When there’s confirmation of reasonable clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” Musk wrote in a tweet.The electric-car maker halted car purchases with bitcoin in mid-May due to concerns over how mining contributes to climate change.Musk was reacting to comments from Magda Wierzycka, C