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"nasdaq" tag
luckin-marketexpress-in

Another U.S. IPO of a Chinese Company Goes Bust in 11 Months

Luckin Coffee is a Chinese coffee chain, founded in 2017, that had sold American Depositary Shares (ADS) to the US public in an IPO in May 2019, thereby extracting $561 million from US investors. Each...

startup

When Was Peak-Insanity of the Unicorn-Startup Bubble That’s Now Imploding?

WeWork was just late to the defenestration party. Everyone – including infamously me – has been trying to pinpoint the exact moment when the magnificent startup-unicorn-bubble broke, and I mean not just broke but imploded...

china-nasdaq

China gears up for Nasdaq-style tech market

More than 100 firms have applied to list on the STAR market, which is expected to channel billions to the tech sector. China’s past failures at creating its own Nasdaq are prompting some investors to...

nasdaq

Nasdaq, “Tech,” & IPOs are in for Gut-Wrencher

Nasdaq down 24% already. Renaissance IPO ETF down 31%. But Uber and other unicorns are planning record IPOs in 2019, à la dotcom-crash-debut in 2000. The IPO hype machine has produced some very successful companies...

Google shares pass $1,000 mark as S&P 500 index closes in record

Markets in the US have completed two bumper days of trading since politicians in Washington found a short-term solution to their budgetary impasse. Shares in Google helped lead the charge, closing at more than $1,000....

Mystery fault paralyses NASDAQ stock exchange

The NASDAQ stock exchange’s operators have said they will look into a glitch that halted Wall Street trading. The failure was something of an embarrassment for the index, which hosts some of technology’s biggest names....

Facebook modest revenue beats forecast

Facebook shares went down by 16% on Friday, it was priced at $38 when listed in May. The result was in expectations, yet Facebook would beat the forecast not in a significant proportion but in...