Market rout casts cloud over biggest IPO of the year as at least two deals are pulled during brutal selloff

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

The biggest IPO of 2022 prices tonight. But the stock rout has clouded prospects

At least two initial public offerings were withdrawn during Tuesday’s brutal stock market rout, casting a shadow over what’s expected to be the year’s biggest deal, the $1.8 billon offering from AIG’s life insurer Corebridge Financial Inc.

The decisions came as the Dow Jones Industrial Average DJIA, -0.56% shed 1,300 points Tuesday to mark its worst one-day performance since June 11 of 2020, following an unexpectedly hot consumer-price inflation reading for August. In a sign of just how thin the market has been, the deal, if completed as planned, would account for more than a quarter of this year’s overall proceeds.

The company is planning to pay quarterly dividends, offering a 4.1% annualized yield at the midpoint of its range, according to Renaissance co-Founder and CEO Bill Smith. It had $358 billion in client assets as of June 30.Linkbancorp Inc. LNKB, +3.87%, which operates Pennsylvania-based The Gratz Bank, priced its public offering on Tuesday at $7.50 a share, below its price range of $8.00 to $9.50. That offering was an uplisting to the Nasdaq from the OTC market. The stock was up 2.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 3. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Stock-market bulls must dodge fall below 3,900 on S&P 500 or selloff could get ugly, chart watchers warnThe S&P 500 index must avoid a fall below important chart support at 3,900 or face elevated risk of a steeper selloff, analysts say after market's biggest... Biden reich has obliterated our 401Ks. Maybe he wants us all to work well into our 80s like he is.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »