Here are the most important news items that investors need to start their trading day: 1. Feeling optimistic Stock futures were higher Monday after ending last week on a positive note in light of a weaker-than-expected jobs report. Last week, the Dow and Nasdaq rose 1.1% and 1.4%, respectively, while the S&P 500 added 0.5%. […]
Following a long period of waiting, “the IPO market’s back.” That’s according to Colin Stewart, Morgan Stanley’s global head of technology equity capital markets. In an interview with CNBC’s “TechCheck” on Monday, Stewart said 10 to 15 more tech companies could go public before the end of 2024, with an even “better year” in store […]
Last night data security firm Rubrik priced 23.5 million shares at $32, above the price talk of 23 million shares at $28-$31, raising $752 million. Rubrik is the first tech unicorn IPO since last fall. But Rubrik is only one of several companies going public in the next two weeks. Marex Group, a UK-based financial […]
Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Greylock Partners Rubrik, a data management software company backed by Microsoft, priced its IPO at $32 a share, according to a person familiar with the matter. That’s above its expected range. The 10-year-old company had planned to […]
Marc Andreessen and Ben Horowitz Getty Images Venture capital firm Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years. “This marks an important milestone for us,” Ben Horowitz, who […]
Here are the biggest calls on Wall Street on Monday: Morgan Stanley reiterates Apple at overweight Morgan Stanley said it sees upside to its iPhone build forecast for Apple. “New build forecasts point to 3-5% upside vs. our March and June quarter iPhone shipment forecasts.” Morgan Stanley downgrades Logitech to underweight from equal weight Morgan […]
The trading floor of the New York Stock Exchange (NYSE) prepares for Reddit’s initial public offering (IPO) on March 21, 2024 in New York City. The social media platform Reddit priced its IPO in the range of $31 to $34 per share on Wednesday. Spencer Platt | Getty Images Even with hot artificial intelligence startups […]
Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Rubrik Rubrik, a 9-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to make moves toward the public market after an extended lull dating back to late 2021. The Silicon Valley […]
