Tradeweb shares jump in latest test for crowded IPO market on Wall Street this year

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

This is not a normal year for IPOs. There is a tremendous amount at stake for Wall Street, for the slate of tech unicorns that are seeking to go public (including Pinterest, Uber, Airbnb, WeWork, and Palantir), and for the investing public.

Tradeweb Markets, an electronic trading platform backed by Blackstone, went public Thursday morning at $27 but opened on the Nasdaq at $34.26, a significant premium. Original price talk of 27.2 million shares at $24 to $26 was twice raised, eventually settling at 40 million shares at $27.

The much-anticipated IPO rush started with jeans legend Levi Strauss, which went public on March 21 at $17 and is still trading well above its initial price, just below $22. Depending on market conditions, the value of all those companies could be between $700 billion and $1 trillion. The amount sold to the public could top $100 billion, which would surpass the record $96 billion raised in 2000.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Accenture and these other stocks could hold up in a recession, Wall Street saysCNBC combed through Wall Street research over the last week to see what stocks analysts recommend buying in a recession
La source: CNBC - 🏆 12. / 72 Lire la suite »